Feeling persuaded by attractive lease costs and offers? While there are undeniable perks to leasing a car, it’s not a fit for everyone. We’re addressing the pros and cons of securing an Alfa Romeo lease at Helfman Alfa Romeo of Sugar Land.

The Pros of Leasing

A lease is basically a long-term rental of a new vehicle. To determine its cost, we take your vehicle’s current value and subtract an estimate of its value at the end of your lease. You owe the depreciation, which is split into monthly payments.  

The benefits of leasing include:

  • Lower monthly payments: Since you only owe the depreciation of the vehicle, leasing is more affordable than financing  
  • Less maintenance and repair costs: Oftentimes, leases are covered under a new vehicle warranty throughout the duration of your lease. This helps to keep repair costs down. Some include maintenance coverage as well.
  • Upgrades: Typically, leases last two or three years. This makes it convenient to continually upgrade to a new vehicle, complete with the latest designs and features.

The Cons of Leasing

As we mentioned, a lease is essentially a rental, so it isn’t technically yours. Sometimes, this can prohibit you from using your car or SUV as you see fit.

The disadvantages of leasing include:

  • You aren’t building up equity in the car
  • You’ll have limitations—leases include mileage restrictions. Also, you can’t customize your vehicle as you’d like.
  • You need to keep your vehicle as good as new because your lease’s cost is dependent on its estimated value. So, if you cause excessive wear, that can affect the value, and you’ll end up owing fees.

If you are still uncertain, stop by our Alfa Romeo dealership in Houston, TX, to chat with our financial experts. We’re happy to help!