If you'd love to drive a brand-new C8 Corvette, but the price of financing one has kept you at bay, consider a Corvette lease. Not only can you make lower monthly payments on a new Corvette, but the car will also be covered under its factory warranty the entire time you drive it. Not sure how a lease works? Ciocca Corvette in Atlantic City, NJ will be happy to explain the whole process.
Differences Between Financing and Leasing
Most Baltimore drivers are familiar with the financing procedure. You make monthly payments until you've paid off the car, then you re-sell it or trade it in when you're done with it – for a lower dollar value because of depreciation.
With a lease, the resale price is already pre-determined when you sign the lease contract. Our Philadelphia customers will appreciate that this residual value is not affected by changing market conditions, so there's less risk involved.
Lease End Options
When you lease a car, you're only paying for the expected amount of depreciation that occurs during the lease period, which is usually from two to four years. Once the lease ends, Washington drivers have many options. They can:
- Purchase the car
- Exchange the car for another lease or purchase
- Return the car and walk away
Note that there are usually mileage and condition limits that will be stipulated in the lease contract. However, if you mainly just use the car for your commute in New York, it may be no problem to stay within these constraints.
Contact Ciocca Corvette to See If a Lease Is for You
A lease can be a great way for Florida drivers to acquire a new Corvette at lower monthly rates. There may even be a lower down payment, or even zero down in some cases. If you want to always have a Corvette with the latest performance and tech features, a lease lets you "try one out" without having a long-term commitment.
These are just some things to consider when trying to decide whether to finance or lease a Corvette. The financing team at Ciocca Corvette will gladly discuss your options with you in depth. Contact us today!