What are the Advantages of Leasing a Car in 2023?

If you're in the market to buy a used car, now is an excellent time to consider all your options. As we all know, 2023 has been a unique financial year for almost everyone. With fewer people commuting to work but with the rising cost of living, many people are completely rethinking how they will manage their household budget - including how to secure reliable transportation.

What to look for when buying cars is quickly becoming a question of whether to buy or lease instead. There are many advantages of leasing a car instead of buying one – Read on as your trusted Washington VW dealership, Pignataro Volkswagen shares a few helpful tips for leasing a car in 2023.

Benefits of Leasing a Vehicle

Leasing a car is like renting a vehicle for a set period of time instead of buying one that you may trade in later. You are never the official owner of the car, but if you don't plan to go far, there are quite a few perks. Anyone working from home or with a short weekly driving routine can save money and hassle by leasing a car instead of buying in 2023.

Potentially Lower Monthly Payments

Interest rates are through the roof this year, which means taking out an auto loan may not be in your best interest. If you need a car this year but don't want to get locked into a multi-year loan at a high rate, leasing a car could actually cost less per month than buying. When balancing your living expenses, that can make a big difference.

Lower Repair Costs

Leasing locations like Pignataro Volkswagen offer repair deals, so you can get VW repairs and maintenance for little to no cost for the duration of your lease. That means the costs for keeping your car in good condition may also be lower this year.

You Can Get a New Car Every Few Years, Hassle-free

If you want the latest and greatest models, leasing a car makes this much more manageable. Instead of the hassle of trading in your car and opening a new auto loan with each upgrade, you can simply turn in your car at the end of a lease and take out a newer model with your next lease period.

Depreciation Protection

Leasing a car during its first few years of life is getting the vehicle's best performance. You don't have to worry about value depreciation over time because the dealership still owns the car and plans for leased vehicles when their value drops. You pay the same amount all year without worrying about the car's long-term value.

More Vehicles to Choose From

When leasing, you can broaden your perspective on cars to choose from. You may have access to new models and feature trims that would be out of your price range if buying - but delightfully affordable for a one-year lease. Try out the latest in-car entertainment, driving assist, and safety features, then try out something completely new next year.

Browse Our Inventory and Lease a New Volkswagen in Everett Today!

Pignataro Volkswagen is proud to offer a beautiful range of vehicles available for lease in 2023. We know that many families are looking for more affordable and flexible solutions to household costs this year, and leasing a Volkswagon could be the perfect solution to your commuting needs. Contact us today to explore the advantages of leasing a car this year and discover the possibilities.

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