Can you lease a car for 24 months?

Can you lease a car for 24 months? If you’re looking for a term of 24 months, many car dealerships offer this option. Just be aware that this might be the shortest term available, and

Can you lease a car for 24 months?

If you’re looking for a term of 24 months, many car dealerships offer this option. Just be aware that this might be the shortest term available, and you might not be able to get such a short term at all dealerships. Lease programs at dealerships vary by location but generally range from 24 to 60 months.

Can you lease a car that is 2 years old?

When leasing a used car, you don’t want to lease something that is too old and has the potential to require expensive repairs. Generally, you should be looking at 2 to 3 year old vehicles, ideally ones that are still under warranty or are certified used cars that come with extended warranties.

Can you lease a car without putting money down?

Yes, it is very possible to lease a car with little or no up-front down payment cash — zero dollars down. Leases usually do not. However, without a down payment, monthly lease payments will be a bit higher since you are not pre-paying some of the lease obligation.

Can you negotiate a residual value?

In fact, every lease where buyout is available will specifically include the residual value of the vehicle. But you typically can’t negotiate it like you can with other lease terms (although you can try). A higher residual value means the car is expected to hold its value well (depreciate less) over the lease term.

Why do dealers want you to lease?

Leasing is just another method of financing, so you’ll actually be leasing through a bank or leasing company. This doesn’t mean a dealer won’t make money off a lease. In fact, most dealers LOVE leasing because it allows them to make more profit than a traditional car purchase.

What is the cheapest car to lease?

$139 a month for 36 months with $1,433 due at signing. The Smart ForTwo Electric Drive is both the cheapest full electric vehicle to lease, and it’s practically the cheapest model of all to lease when you consider the low down-payment.

What is the best vehicle leasing deal?

The best lease deals are for those vehicle brands, such as Lexus, Mercedes, Porsche, Land Rover, and BMW, with the highest future resale values, or residual values, relative to their original cost. A high residual value creates a low monthly lease payment.

Do all dealerships offer leasing?

The vast majority of new car dealers offer lease programs, but not all. Since used cars cannot usually be leased, few used car exclusive dealership can offer a lease of any type. You may want to consider if leasing a car is a better idea than buying one before you search out a dealership.