Cadillac Lease Offers near Philadelphia - Faulkner Cadillac Trevose

Have you ever thought about leasing a car? If you'd like to buy a Cadillac in the near future, it's definitely worth thinking about and luckily Faulkner Cadillac Trevose is always here to help. We not only have exceptional Cadillac lease offers but we can also help you decide whether leasing is a good option for you.

Why lease your next car?

The key reason people choose to lease instead of buy is because typically they'll end up getting a lower monthly payment on a car that may normally be out of their budget. This is because if you choose to lease you won't make payments on the car's current price, but instead the expected future value of the car. Most likely you've heard stories of just how much a car depreciates when it leaves the dealer's lot, right? Basically, with leasing, you only end up financing the gap between what the vehicle may be worth up front and what it's residual value - what the car should be worth at the end of the lease. This set up creates a lower monthly payment in comparison to a classic car loan, where the purchaser needs to borrow the full automobile price together with taxes and fees.

So, basically, the higher the retail price for the automobile you are looking at leasing, the less has to be included in a lease. Looking at the bigger picture, the nicer the vehicle, the more likely it will retain its value, so leasing will help you get in to a top quality vehicle for less than you'd probably expect. Also, an additional perk with auto leasing is auto warranties normally last 3 years which means you don't need to worry about fixing your car either.

What Makes a Good Lease Candidate?

So, if leasing sounds like a more attractive option as compared to buying, you may ask yourself, why would anyone decide to buy a new car instead? The reason is that leasing includes some guidelines and restrictions that may not be practical for some drivers. Just below you will see several attributes that Faulkner Cadillac Trevose believes will improve your chances for success with auto leasing.

• You typically keep a car for less than six years. - Depending on the terms of the loan, most cars are paid in full by year six, so after that you'll most often have equity in the car and no payments.
• You have good credit, though not really much money on hand. - Since most leases will not require much money down, if any, typically it is important to have a good credit score to be eligible for a lease.
• You tend to not customize or modify your car or truck. - In a lease, you never actually own the car, the leasing company does, therefore you can't make just about any modifications to the vehicle.
• You usually do not drive more than 15,000 miles in a year. - Nearly all car leases limit the number of miles you drive the car to between 10,000 and 18,000 and in general, the higher the amount of yearly miles allowed, the higher the monthly cost. In case you go above the annual number of permitted miles, you may be charged considerably when you bring back the car to the lot.