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What Are the Most Popular Car Leasing Finance Options?

What Are the Most Popular Car Leasing Finance Options?

Your car says a lot about who you are and what you want out of life. If you’re looking to the future, trying to save money, and want to be able to easily get a new vehicle if you have to, then leasing is the best option for you! But when it comes down to brass taxes, what exactly is available to you as far as finance options?

There are plenty of ways that you can finance a vehicle. The most popular car leasing finance options are used by millions of people in order to find the most suitable payment plan for their needs. Here are some of the most popular car leasing finance options for you right now!

What Exactly Are You Supposed to Pay?

One of the most important things to know before you start talking about money, is what exactly you’re spending your money on! Knowing what is involved in the lease will not only help you save yourself from hidden fees. Not only that, but it will also help you turn your savings goals into a reality by knowing how little, or how much you’ll be saving by leasing each month. 

A leasing option is basically renting out a car with a monthly payment. Typically, these payments are less than payments you would be making if you were buying the car outright. You will have to pay tax each month (in some states/counties) for the lease, as well as make a small down payment. This down payment is much lower than if you were to buy the vehicle outright. 

There are also fees that are in the lease contract. These include the following: 

  • Penalties for going over the annual allotted mileage 
  • Damaging the interior/exterior of the vehicle
  • Damaging the engine
  • Terminating the lease early

These fees of course vary from one contract to another. Read through the lease thoroughly before you sign, so you know exactly what you’re paying for each month!


Now that you know more about what you’re paying for with car leasing, it’s time to break down how to finance the vehicle. One of the simplest ways to pay for a leased car is with cash. One easy payment of any vehicle fees, the down payment, taxes, etc. before you drive it off the lot. 

Be certain to negotiate the “drive off” price for the lease! Typically, the bigger the down payment, the smaller the monthly payments will be. If you have enough saved up to make a significant down payment, you could possibly keep your monthly payments very low!

Small Loan

Taking out a loan with a bank is another way to get your down payment ready to begin your lease. This finance option is most popular with people who can afford to pay the monthly payment, but can’t put down a large payment upfront. Obstacles like couples on a budget, you just bought a house, switching jobs, etc. You will have your credit checked, have to do a bit of paperwork, and be able to prove you can make the loan payments. 

Financing Through the Dealership

Most dealerships can offer you financing options right there on the spot! Be certain to read through the lease agreement well. If you’re someone who isn’t the best at math, or contractual language, then be certain to take a friend, family member, or partner who can understand the contract. 

The Leasing Finance Option That is Right for You!

Finding the best finance option for you all comes down to what you’re willing to pay each month, how much you have saved for a down payment, and whether you want to take out a loan. There are so many options available, as long as you know exactly what you’re paying for in the long run, you could be driving off in a newly leased car today!

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