Leasing a Car: What it Really Means

If you are thinking about a car lease in Plainfield, you might need a little direction. What is a lease, anyway? Well, it’s best to think of a lease as a long-term rental. Basically, you are “borrowing” a car from a dealership, and in return, you give them a monthly payment. The length of the lease varies, but in most cases, it is 24 to 36 months. When you are done with the lease, you can either return the car or you can buy the car out and start making monthly payments towards ownership.

Leasing 101

Before jumping into a lease, there are some things you must know. First, you are going to be limited to the miles you can drive. Generally, a dealership gives people 10,000 to 12,000 miles a year. If you go over that, there are fees.

Another thing that you should know is that there are maintenance requirements in the terms of the lease. For instance, you are required to get regular oil changes. You also must pay for all repairs that are not covered by your warranty or lease agreement. Finally, you have to make sure that you keep a certain level of insurance. This way, if you are in an accident, the dealership is sure that insurance will cover the expenses.

When you take the keys of a leased vehicle, you usually get extra perks, such as warranties or protections, that you might not get otherwise. These usually come right from the manufacturer. Some dealerships also throw some perks in, too.

The important thing to remember when you decide to lease is that even though you are making monthly payments, you are really only “borrowing” this car. You don’t own it. So, any damage that is done to the car, including minor damage, must be paid for when the lease expires.

If you are looking for a great car lease in Plainfield, contact Hawk Volkswagen of Joliet. Reach them online at http://www.hawkvw.com.

1 person likes this post.

Be Sociable, Share!
    FavoriteLoadingAdd to favorites

    Follow Us: