Used Cars For Lease In Virginia Beach
What does it mean to lease a car as opposed to buying one? You may know a friend who has a car “on lease,” and you may think that person is simply renting a car for a few years. Actually, leasing and renting are two different things. When you lease a car, you still finance a part of the car’s price. How much you pay may be determined by a number of factors:
- The type of car you lease. Let’s say you select a sedan with a sticker price of $25,000. Over time, the car may depreciate in value to $19,000, making a difference of $6,000. When your lease time is up, you will the cost of depreciation.
- Finance charges. In addition to the cost of depreciation, you may be responsible for various charges connected to your lease. This includes interest on loans and sales taxes.
At the end of your lease time, be it two or three years, you will either turn in the car and settle up payments, or you can buy the car outright and assume payments until it’s yours.
If the idea of leasing a used car in Virginia Beach leaves you confused, we are happy to help you sort out the numbers. Select Import Motors has offered drivers in Hampton Roads many affordable options for taking home pre-owned luxury cars. We have special financing rates available, especially for military in Hampton Roads, that you may consider buying a better deal!
If you’re thinking about leasing a car in Norfolk or Virginia Beach, come by our lot first. At Select Import Motors we want to help get you into the car of your dreams at a price that’s rights for you.