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Advantages of Leasing a Car

Advantages of Leasing a CarAdvantages of Leasing a Car

Leasing a car has more advantages and benefits than some would think. If you are thinking about leasing a car, but are unsure, then read this article to see what those advantages and benefits are.

Advantages of Leasing a Car

  • Smaller payments per month

One of the best benefits of leasing a car is the smaller payments per month. This is especially true when compared to the amount you will have to pay when getting financing for a car purchase.

  • Less money is needed at drive off

Down payments will usually reach up to 20%. However, with a lease, down payments are either very low or not needed at all. The cost is also usually less than the money you would need to pay for a car when purchasing it.

  • Lower repair costs

Costs for repairs are usually lower for leased cars than they are for cars that were bought.

Some More Benefits

Here are some more benefits asides from the ones listed above.

  • You do not have to trouble yourself with reselling the car
  • You have the option to get a new car every few years without any hassle
  • More car options to choose from
  • You may also have the option to buy the car at the end of the lease period


Buying vs. Leasing a Car

A lot of people are hesitant when it comes to leasing because they do not know about the benefits that it has over purchasing. So when it comes to buying vs. leasing, below are the reasons why we would recommend leasing a car.

Why we recommend leasing a car

  • You can upgrade often
  • Fewer payments
  • Repair costs are covered
  • GAP insurance might even be included
  • There is a buyout option

If you would like to find the best auto loan companies to help you in leasing a car, then look no more! Below, you will find a list of the best auto loan companies out there.

Best Auto Loan Companies

Here are our top three recommendations for the best auto loan service providers. We have reviewed all of these companies fully and we would suggest that you read them before making any decisions. This way, you can see all of the prices and features, then decide what is best for you.

Jovia Financial Credit Union

Jovia Financial Credit Union is number one on our list! This auto loan company can give its customers a loan for cars once they have found a suitable vehicle. Also, as well as helping you save a lot of money, here are some of the main benefits they will offer you:

  • Total financing
  • No penalties for pre-payments
  • NCUA insured

These are a few other things you can get with Jovia Financial Credit Union:

  • APR rates that start at only 2.39%
  • Flexible loan terms that will reach up to 96 months
  • Auto loans are available for ten-year-old cars or newer
  • Very low payments per month compared to other auto loan companies
  • Speedy application online
  • It also offers financing with a 100% max Loan to Value (LTV)
  • And much more.

They also offer a lot of customer support options, such as:

  • Phone support
  • Email
  • Knowledge base
  • FAQs
  • Social media accounts
  • On-site
Read our full Jovia review here to know more about their auto loan services.

Navy Federal Credit Union

Navy Federal Credit Union comes in second on this list. They give you many features to help make sure you are fully covered.

These are some of their main benefits that they offer you:

  • A 90-day preapproval time frame
  • Allows co-applicants
  • A lot of discounts for current or retired military members
  • They also have financing for leisure vehicles

These are some of the main things that you can get with Navy Federal Credit Union:

  • Minimum APR (Annual Percentage Rate) starts at 2.29%
  • Get $200 if you refinance your car with them
  • Their customer support team is very quick, responsive, and present in many places
  • Fast and easy application online
  • 20,000+ cars to pick from

If you are buying a used car, then you have the option to choose these things listed below:

  • Price
  • Mileage
  • Make and model
  • Body style
  • Color
  • Price rating
  • Popular features
  • Condition and history
  • Transmission

We recommend this company because of all of the services it offers and more. Navy is an auto loan lender with many benefits and solutions for its customers. You will have the option to choose from as many as 20,000 used or new cars. You can choose based on the amount of money you make and some other factors.

Read our full Navy Federal review to learn more about the auto loan services they can offer you.


Carvana comes in third place on our list! This is one of the best auto loan service providers in the US. They have a lot of financing options and solutions for you regardless of what your credit score is.

The main benefits of Carvana are:

  • They will not need a minimum credit score
  • Carvana prequalification also does not affect your credit score
  • The prequalification period is valid for 45 days
  • Used cars are in really good condition
  • Cars can be delivered as soon as the following day
  • A lot of customer support options
  • GAP warranty
  • They will let you choose from 20,000 different cars
  • And more

Here are some quick stats on Carvana:

  • Their minimum APR (Annual Percentage Rate) starts at 3.90%
  • Average approval time is 18 days
  • Pre-qualification is valid for 45 Days
  • Max loan period is 72 months
  • Max loan amount is $85,000

Carvana is one of the best auto loan companies in the US as well. It has a lot of financing solutions for everyone to choose from. Carvana can help anyone since they do not care about bad credit scores.

Read our full Carvana review to learn more about their auto loan services, benefits, and process.

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