Everything You Need to Know about Leasing a Lincoln near Hagerstown, MD

Interested in learning more about your options when leasing a new Lincoln here at Forrester Lincoln, serving Chambersburg and beyond? Read on, and we'll be happy to run through some common questions about auto leasing, including whether or not lease financing or purchasing your next vehicle might be better for your needs.

Buying vs. Leasing

Lots of people looking for a new Lincoln around Hagerstown, MD or Waynesboro, PA decide to lease their Lincoln with us. Why? We're not talking about why people choose us over other dealers - though there are plenty of valid reasons for choosing our new & used Lincoln dealership over the competition, including fair pricing, friendly customer-service and a convenient location. In this case, though, we're talking about why you'd want to lease a Lincoln instead of buying one.

Leasing your next Lincoln most often results in some of the following distinct benefits over buying, including:

• You'll most likely pay lower monthly payments
• You'll drive a new vehicle every 2-3 years
• Always driving a newer car will mean you'll have access to all the latest infotainment technology, safety features, and design
• The vast majority of leases end before the expiration of your new vehicle limited warranty
• For most drivers, major services & repairs will be unnecessary before you turn in your car and major defects will likely be covered under-warranty

When Leasing A Vehicle, Who's Responsible for Repairs?

When you lease your next Lincoln, any minor wear and tear arising from normal use will be permissible at lease-end. If, however, you get into an accident, or you drive your vehicle aggressively enough to require replacing wearable items like tires or brakes, you'll be responsible for replacing those items. Any excessive damage you incur also may necessitate your paying an excess wear-and-tear fee. Like new purchased vehicles, new leased vehicles are covered under lemon laws.

It's important to compare all this to purchasing, though. When you lease your vehicle, there's a very good chance that if you drive your car normally and gently, you won't be subject to any excess fees, and you won't need to make any repairs. When you purchase a car, on the other hand, over time, you will definitely need to make repairs, and there's a very good likelihood they won't be covered under-warranty.

Are there Tax Benefits to Leasing?

Yes! Leasing could be a great decision for you if you're looking for an affordable and updated company car, because in most cases, you can deduct the cost of leasing your next vehicle - including monthly payment, mileage, insurance, and maintenance - as a business expense.

Lease Mileage Limits: What You Should Know

People often get scared of leasing due to potential mileage limits. And you should know that they are real. What's more, you can only negotiate mileage limits at the beginning of your lease, not the end. Still, when you purchase a vehicle and drive many miles in Greencastle, PA or anywhere for that matter, it decreases your residual value, and also may necessitate repairs. Accordingly, even if you drive more miles and pay an excess mileage fee, it may still be in your best interest to lease. If you have questions about what's right in your unique situation, our leasing experts here at Forrester Lincoln will be happy to help you.

What Are My Options at the End of My Lease?

You have many options both during and at the end of your lease. You can trade in your lease for a new lease, or purchased vehicle. If you like your car and want to keep it, you could decide to purchase it (called a lease-buyout). You could also simply turn in your leased vehicle.

What's the Difference Between Down Payment and Due at Signing?

Many people confuse down payment and due at signing. Your down payment is a portion of your amount due at signing. The former involves a lump sum of cash you provide against your monthly payments. The latter involves everything you pay up-front when signing your lease, including taxes, fees, first-month's payment, and more.

Explore Our Current Lease Offers & Contact Us

Interested in learning more about leasing vs. buying and which one is right for your Carlisle, PA driving needs? Contact us today here at Forrester Lincoln! Ready to lease your next new luxury car today? Explore our current money-saving lease offers & then reach out to our finance team with any questions you may have!