There is more than one way to take home a new luxury car, and it doesn’t have to involve an auto loan. At O’Brien Genesis of Fort Myers, we offer lease agreements that can be tailored to fit your specific needs. No matter what model you’re looking for, a lease can allow you to drive a new Genesis vehicle every year.
What is a Lease?
A lease is an agreement that you make between yourself and a dealer to rent a car. On that lease, you agree to return the vehicle after a predetermined time and to make monthly payments based on the depreciated value of the vehicle. Auto leases are temporary, lasting only one or two years on average. If you want to buy the car after your term, you most certainly can. Once the lease is up, you can apply for a loan on the remaining cost.
How are Leases Different from Loans?
Leases are much different than auto loans. Since you have plans to return the vehicle, you’ll likely have to deal with mileage caps, which essentially determine how much you can drive the vehicle. Mileage caps are not a big issue for commuters who can easily calculate how many miles they drive on a given day, but it can be a challenge for those who have more sporadic driving routines. You’ll also have to pay for any wear on the vehicle once the lease is up, which includes things like dings, dents, and scratches.
Leasing a car can be a great way to eventually own a Genesis brand car, and our Fort Myers, FL Genesis dealers can help you through the process. At O’Brien Genesis of Fort Myers, we provide you with a premium car buying experience from start to finish.