What are the Benefits of Leasing a New Lincoln?

No matter where you shop for a new vehicle, you'll likely get hit with two options: purchase or lease? If you don't know what leasing a new vehicle entails, you may be left clueless. But rather than default to purchasing your new vehicle, you may want to explore what leasing a new Lincoln could mean for you.

At Gervais Lincoln in Lowell, we give our customers the option to lease their new Lincoln. By doing this, you can enjoy many of the benefits that come with owning a new Lincoln with a fixed term lease. Let's dive into why leasing a new Lincoln near Norwood might be the right choice for your lifestyle.

What's the Difference Between Purchasing & Leasing a New Lincoln?

Many drivers in the Medford area have never even considered leasing a new vehicle. Purchasing and leasing a vehicle can come with different benefits that fit different lifestyles. Think of the distinction between purchasing and leasing a car like purchasing and renting a house or apartment.

Many Lowell area drivers have likely had experience purchasing a new vehicle already. When you purchase a new vehicle, you will be taking on the vehicle's cost in full. When purchasing a new vehicle, you will pay off the vehicle with monthly payments over an extended period of time. Also, you will likely need to pay interest on the vehicle when financing it. However, you will have the freedom to do whatever you want to the vehicle, including installing new cosmetic or performance accessories to it.

On the other hand, when you lease a new vehicle, you will not be obligated to pay off the vehicle in full. Instead, you will have a fixed lease term and will make monthly payments on the vehicle until your lease term is up. In addition to that, Medford drivers who lease a new Lincoln will not have to worry about paying interest for their vehicle. By choosing to lease a new vehicle, you can enjoy driving around Lawrence from behind the wheel of a large Lincoln Navigator or a high-class Lincoln Aviator without having to worry about paying it off in full and will likely have a lower monthly payment. When leasing, however, you will not be able to install any accessories.

Your Lease-End Options

When you lease your new Lincoln at our Lowell dealership, you will have a fixed lease term. Once your lease term has ended, you will have several options when returning your leased Lincoln.

• Renew Your Lease: Falling in love with a vehicle doesn't happen every day. If you want to keep your relationship with your leased Lincoln going, you can renew your lease with Gervais Lincoln to stay on the road with your SUV. When you renew your lease, you can discuss the term length and monthly payment with our financing team.
• Purchase Your Leased Vehicle: If you're so taken by your leased Lincoln that you absolutely must keep it, then you are free to do so. When your lease term has ended, head over to our dealership to discuss purchasing your leased vehicle.
• Returning Your Leased Vehicle: Ready to part ways with your leased Lincoln? Take your vehicle back to Gervais Lincoln and hand us the keys. When you do so, you will need to complete a comprehensive inspection to ensure that no damage has been done to the interior or exterior of the vehicle. Once you return your leased vehicle, you can browse our new inventory for other vehicles to lease.

Start Your Lincoln Leasing Journey Today

Ready to get started leasing your new Lincoln? Head over to our dealership or contact us today to learn more about the process.