Car Lease Frequently Asked Questions

September 13th, 2019 by

 Car Lease at Spitzer CDJR dealership in Cleveland Ohio

Car Lease Frequently Asked Questions

Get The Answers To Your Lease FAQs At Our Car Dealership In Cleveland

When you lease a car, you are basically renting the vehicle for a fixed period or term. The period could be 2 to 3 years depending on the specific terms. The amount you pay per month is determined by the depreciation value that the car is expected to undergo during the lease period. Visit our showroom at Spitzer Chrysler Dodge Jeep RAM Cleveland to view a broad range of models to choose from.

Below you will find some of our frequently asked questions about leasing.

Am I Better Off Leasing Or Buying A Car?

It all depends on your preferences and the budget you have in mind. If you are the type of person who wants to own a car forever, buying is the best deal for you. For people who want to change car models after every couple of years, leasing is the best way to go. Leasing allows you to drive new cars with advanced features after every couple of years. When the car lease term is over, you can return the vehicle and lease a new one of your choice.

More information on Lease vs Buying A Car

How Much Does A Car Lease Cost?

There is no specific amount that car lease costs. The depreciation of the car is what determines the cost of the car lease. The difference between the Manufacturer Suggested Retail Price of the car and its residual value after the lease term is over is what determines the car lease rates. The higher the depreciation, the higher the monthly payment rates. You can also pay a down payment so as to reduce the monthly payment rates. Of course, you’re more than welcome to talk to our financial professionals to see if leasing is the right option for you and your current needs.

Can I Buy The Car After I Lease It?

Absolutely yes, you can buy the car after the lease term is over. What you pay would be the residual value of the car. Different dealers have different terms so the price after a lease term is over is determined by the dealership and the value of the car. In some instances, you can purchase the vehicle even before the lease term is over.

More information on How To Lease a Car & Get the Best Lease Deal

I Have A Bad Credit Score. Can I Still Lease A Car?

Yes, you can lease a car even if you have less than perfect credit. In fact, this is one of the reasons why Cleveland and Parma, Ohio drivers choose to do business with us! No matter what your previous credit history is, we want to do our best to help you get approved. Our financing department that can conduct an evaluation to see if you are able to obtain an auto lease.

Does A Car Lease Require Maintenance Costs?

New leased cars are still under the manufacturer’s warranty so most of the major maintenance and repair costs are covered. Some of the repairs needed include but are not limited to filter and fluid changes, normal tune-ups and other scheduled maintenance costs. You’re more than welcome to schedule an appointment with our onsite service center over the phone or online.

Visit Our Car Dealership In Cleveland Today

A car lease is an easy and affordable way of getting behind the wheel of a brand-new car, truck or SUV. We can customize lease terms to meet your budget, so you can drive away in the vehicle you’ve had your eye on. Please reach out to our team with any questions you may have about our lease FAQs. We look forward to assisting you soon!

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