FINANCIAL ADVICE | BUYING A car
Leasing Your Next Vehicle with FairLease Makes Sense
Published February 6, 2019
- Cars are big mechanical things.
- Other than rare antiques, most cars don’t increase in value over time.
- If you’re a savvy buyer, you won’t be swayed by outdated stigmas.
Even the best car lease comes to an end. That situation can be good or bad, depending on the end-of-lease terms, your financial position, and your plans for getting your next vehicle.
Start by knowing your options. They include:
- Continue leasing with a new car
- Leasing the same car again
- Buying the car you're currently leasing
- Walking away; maybe leasing isn't for you right now
Get started by speaking with your FairLease consultant, who can help you navigate all the options. With a little knowledge and planning, you’ll feel confident leasing your new car and enjoying the benefits that go along with it.
Recall why you leased in the first place
If your lease experience went well and you like the partnership with your leasing company, leasing another car makes the most sense. If you’re not sure, take a minute to think back on the reasons for your decision to first lease:
It’s just a car
Cars are big mechanical things. They carry us around from place to place, no more no less. People like that about cars. But when a car doesn’t satisfy us or deliver the transportation we need, we get rid of it and find a new one.
Where’s the return on investment?
Other than rare antiques, most cars don’t increase in value over time. Leasing helps you control depreciation, so you get the most out of what you paid for – with no surprises or price hikes. A large purchase makes sense for a long-term investment in something that lasts a long time or that grows in beauty. A car does neither of these – and purchasing one won’t change that.
Smart spending, not shallow thinking
To some people, car ownership carries a higher status than leasing and suggests stability or responsibility. To them, leasing suggests the opposite. If you’re a savvy buyer, you won’t be swayed by outdated stigmas. Today’s car financing market is more complex than that.
FairLease stands ready to help people, whether they’re wealthy or need to budget. We offer affordable ways for just about anyone to experience the latest car technology every couple of years. As a company, we are driven to be auto-shopper advocates just as much as we are lease providers.
FairLease customers enjoy yet another added value: as a wholly owned subsidiary of Credit Union of Texas, we can directly connect you to one of our loan officers to help with financing.
Stick with who you know
Compared to buying, leasing again with FairLease guarantees that you will receive the same great service and benefits that you do with your current lease. So, relax and make better use of your valuable time: let FairLease do all the legwork for you in securing your new car.
Your end-of-term options can be complex. FairLease is committed to helping you every step of the way at the end of your current lease. Our end-of-term options allow you flexibility in your decision, not obligations. Give us a call if you have any questions. We look forward to the opportunity to continue to earn your trust with your vehicles for life.