If you're like many drivers around Huntsville, Florence, and Cullman, AL, then you're probably curious about leasing vs. buying. You may be wondering which one is the best for you. This is something we're asked quite often at Land Rover Huntsville, so we put together this quick overview of when to lease and when to buy.

Check it out and then contact us to find your next set of wheels!

When to Lease a Car

In general, you'll be a good candidate for leasing a car if:

• You want a (potentially) lower monthly payment
• You want to regularly trade out your car for the newest model

To keep it simple, a lease is, essentially, like an extended vehicle rental. This means you drive the car for the agreed-upon lease term, but the dealership maintains ownership. The benefit of this kind of arrangement is that you're not putting payments toward covering the full cost of the car, just some of it.

So, many leases result in a lower monthly payment than you may have had if you decided to buy the car instead. A lot of local drivers like to put that extra budget toward a higher trim level or a cool feature upgrade. Others simply enjoy paying less every month than they might have otherwise.

The temporary nature of leases also gives you the opportunity to trade in your ride at regular intervals and take the wheel of the newest model. Most leases last two to three years, which means you can be driving a new car with the most up-to-date design and technology features every couple years!