Do you have your heart set on a new Cadillac vehicle? Wondering if a Cadillac lease is right for you? We’re tackling our frequently asked questions at Fields Cadillac Jacksonville to help you shop with confidence.
What is Leasing?
Leasing a vehicle is essentially renting a new vehicle from our dealership. You will agree to a fixed period, also known as a term, and make monthly payments throughout your lease. Then, at the end of your term, you return the vehicle to our dealership (or opt to buy it).
What are the Perks of Leasing?
The savings is arguably the biggest benefit of leasing. You only pay for the estimated depreciation of your vehicle during your lease, so it’s more affordable than financing. Due to their affordability, more drivers can add the premium features and amenities they prefer.
Since you’re driving a new vehicle, you’re less likely to have mechanical issues with a lease. If an issue should occur, you also have the benefit of warranty coverage throughout your lease.
Should I Buy Instead?
While beneficial, leasing isn’t for everyone. If you enjoy the pride of ownership and want to build up equity in your purchase, you should consider buying instead. Buying is also a better option if you drive a lot since leasing has mileage restrictions.
Can I Lease a Pre-Owned Vehicle?
There are options for a pre-owned lease, although you can’t just lease any vehicle. Typically, lenders prefer to extend lease offers for Certified Pre-Owned vehicles, since these vehicles have been meticulously inspected and are more likely to retain their value.
Learn More at Fields Cadillac Jacksonville
Still have questions about a Cadillac lease? Reach out to the experts at Fields Cadillac Jacksonville or simply stop in and see us. We’re happy to help!
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