Thinking about a Cadillac lease? If you have never leased a vehicle before, surely you have some questions. This guide will help answer the most frequently asked questions about the process, brought to you by the experts at Fields Cadillac St. Augustine.
How Does Leasing Work?
If you think of leasing as a long-term rental, you will have an idea of how it works. Basically, while you won’t own the car, you will be responsible for it for the duration of the lease — and it will be up to you to determine how long that will be. The average lease is usually 24 or 36 months. At the end of your lease term, you can trade the vehicle in for a brand-new Cadillac model — or purchase your leased vehicle outright.
Does Leasing Come with Restrictions?
Because you don’t own a leased car, you can’t do exactly what you like with it. For example, customizations aren’t allowed, and you have to return the vehicle in pretty much the same condition as when you drove it off the lot. You will also need to adhere to a yearly mileage limit or pay a fee for every mile you go over.
Which Types of Vehicles Can be Leased?
The great thing about leasing a vehicle is that this isn’t an option reserved for just new cars. You also have the opportunity to lease a pre-owned or Certified Pre-Owned vehicle, as well as a variety of models.
Can You End a Lease Early?
While it is possible to end a lease before it expires, this is something you’ll want to avoid. In addition to a hefty early termination fee, you may still be on the hook for any remaining lease payments.
If you have any more questions about leasing a Cadillac or want to get the process started, get in touch with Fields Cadillac St. Augustine. You can also finalize everything online and have your vehicle delivered to your home. Contact us today!
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