First Time Car Leasing Tips
First Time Car Leasing Tips

First Time Car Leasing Tips

Leasing a car for the first time can be a scary experience. You will be faced with a lot of numbers and a big commitment. The tips in this blog will help you! To drive your car for a fixed number of miles and months, you need to lease your car. This is a similar process to renting an apartment instead of buying. There is less obligation because you will not own it forever. Instead a car lease is usually 3 years in New Jersey.

What Is a Car Lease?

A car lease is a way of borrowing a car instead of purchasing it new or used. This is typically in the form of a 3 to 4 year contract, in which there are terms for allowable miles and so on. A car lease payment can be calculated with a car broker, like Vantage Auto Group in Watchung. A car broker will analyze the car’s value with its residual value, and then this will tell you what the car is worth when the lease expires.

The Pros and Cons Of Leasing Your First Car!

Everything has it’s pros and cons, and so does leasing a car. This list will help you know what you are getting into!

Pros

  • A lower monthly payment than you would pay if you were financing the full value of the car.
  • A car lease requires less maintenance, since you will be driving a new car, and 3 years is not a long period of wear and tear on a car.
  • A car lease gives you more flexibility, since you have the option of swaping your car lease.

Cons

  • The car does not always belong to you. When the lease expires, you will need to either purchase a new car or buy out your current lease
  • When the lease is over, you may face a vehicle turn-in fee.
  • If you go over allowed miles, you may be faced with per additional mile charges

How To Lease Your First Car

If you have made your decision to lease a car, below are the steps that will guide you to leasing a new car!

  • Do your research on your first leased car! Does the car need maintenance often? Is the car safe? How fuel efficient is the car?
  • Only lease a car from a trusted source. Check Google reviews and social media to ensure the dealer or broker is reputable.
  • Ask for a test drive. A test drive helps to ensure you will enjoy the driving experience of your new car.
  • Figure out what you can afford! There are many online car budget tools to help with this financial question.

At The Vantage Auto Group, we save you time, money and peace of mind when it comes to Buying your New Car!

No need to deal with the headaches of sitting in a dealership for hours on end and haggling with pushy sales reps.  With our robust dealer network, we’re able to get wholesale pricing and guarantee the most competitive lease or purchase price on any new vehicle. We handle all makes and models, so you can be confident that we’ll find the perfect vehicle that fits your needs.

There are many places to lease or purchase your next vehicle.  The products are the same regardless of the source. So it’s the people who make the difference. Our staff is passionate about what we do. We are all car enthusiasts and understand your excitement about finding the right vehicle at the best possible terms. Along with our enthusiasm is our commitment to be transparent about your lease / purchase and our pledge that all dealings with us be fair, and yes, even fun!

Get Started Today With Your Personalized Car Quote from Vantage Auto Group!

Good credit, Bad Credit, or looking to get an approval, CONTACT US Today!  We work directly with multiple lenders to find the lowest possible lease rate on a new car lease. Come banks will even help us offer short term lease as short as 12 months if not ready to commit to a 2 or 3 year lease. We can even help you get out of your current car with our swapalease lease transfer program. when using our swapalease program, you will no longer be responsible for your current car.

Price Reflects TIER 1 Credit Approval. Prices are for new lease vehicles only. Images are for Display purposes only. Price Excludes local taxes, acquisition fee & DMV/title. Pricing, lease term, and miles per year may vary. All Incentives are Applied For Qualified Customers including Loyalty Rebate, Conquest Rebate, VPP Rebates, College Graduation Rebates, and Regional Rebates.

No need to deal with the headaches of sitting in a dealership for hours on end and haggling with pushy sales reps.  With our robust dealer network, we’re able to get wholesale pricing and guarantee the most competitive lease or purchase price on any new vehicle. We handle all makes and models, so you can be confident that we’ll find the perfect vehicle that fits your needs.

There are many places to lease or purchase your next vehicle.  The products are the same regardless of the source. So it’s the people who make the difference. Our staff is passionate about what we do. We are all car enthusiasts and understand your excitement about finding the right vehicle at the best possible terms. Along with our enthusiasm is our commitment to be transparent about your lease / purchase and our pledge that all dealings with us be fair, and yes, even fun!

 

At Vantage Auto Group, we save you time, money and peace of mind! No need to deal with the headaches of sitting in a dealership for hours on end and haggling with pushy sales reps. With our robust dealer network, we’re able to get wholesale pricing and guarantee the most competitive lease or purchase price on any new vehicle.
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