A lease can offer a more affordable payment than purchasing. This is because your lease payment covers only the vehicle’s depreciated value (plus the lessor’s monthly finance charges), not the entire purchase value. Most vehicles are leased for 24 to 48 months, and we do not recommend leasing for longer than the vehicle’s general warranty. For people who drive an average number of miles and take good care of their vehicles, leasing is a good financing alternative. If, however, the vehicle incurs excessive wear and tear or mileage during the lease period, a fee will be assessed when the vehicle is turned in, unless you have coverage such as our Excess Wear Waiver.
Because many leasing companies are simply middlemen, acquiring vehicles from a dealership before leasing it to you, there is often a markup. But when you lease from Sewell, you receive honest pricing and exemplary customer service with every vehicle.
Traditional financing is an installment loan whereby you agree to pay the amount financed, plus an agreed-upon finance charge. Traditional financing is probably right for you if you like the idea of owning a vehicle or plan to keep the vehicle for more than a few years. Sewell works with a large portfolio of lenders to offer our customers the most competitive rates. Talk to your Sewell sales associate about what we are seeing in the market today.
