Leasing Vs Buying

Yes, you can lease a used car here at Arizona Car Sales.

Contact us for more information. Or fill out our online credit application to begin the pre-approval process today.

What are the pros and cons of leasing a car?

Car leasing can offer advantages and be an attractive alternative to buying, although it’s not for everyone, as we’ll discuss in the article that follows this one. You must decide about the importance and priority of these benefits to you. So, let’s take a look at the potential pros and cons of leasing a car.

What are the Advantages of Leasing?

1. Lower Monthly Payments

Because you only pay for the portion of the value of the car or truck that you actually use, your monthly lease payments are 30%-60% lower than for a purchase loan for the same car and same term. You don’t pay extra money each month to “invest” in ownership equity.

2. Higher Mileage Limits

The Arizona Car Sales Leasing Program provides 20,000 miles a year while other lease programs only provide 7500 to 12,000 miles a year! This means that you don’t get penalized for driving more than 1000 miles a month like other leases!

3. More Car, More Often

Since monthly lease payments are lower than with buying, you get more car for your money and drive a new vehicle every three to four years. A luxury vehicle can often be leased for the same or lower payments than loan payments for a less expensive economy vehicle.

4. Fewer Maintenance Headaches

Most people like to lease for a term that coincides with the length of the manufacturer’s warranty coverage so that if something goes wrong with the car, the repairs are almost always covered.

5. Lower Up-front Cash Outlay

Most car leases require lower down payments than traditional financing, which makes getting into a new car more affordable and frees up your cash for other things. However, you can choose to make a down payment, or trade in your old vehicle, to lower your monthly payment amount. Preservation of cash is a strong incentive to lease.

6. Lower Tax Bite

In Arizona, you don’t pay sales tax on the entire value of a leased vehicle as you would if you purchased. You’re only taxed on the portion of the value that you use during your lease. The tax is spread out and paid along with your monthly lease payment instead of being paid all at once.

7. No Used-Car Hassles

With leasing, the headaches of selling a used car are eliminated. When your lease ends, you simply turn it back to Arizona Car Sales and walk away, unless you decide to buy it or trade it.

8. GAP Coverage Included

Most car leases automatically include free “gap” protection in case your vehicle is totaled in an accident or stolen, which pays off your vehicle when insurance doesn’t cover the full loss. Loans do not generally come with automatic GAP protection and must be purchased separately.

How About Disadvantages?

Possible disadvantages of car leasing are the following:

1. Early Termination Cost

If you must terminate your lease before the end of your contract, the cost is usually very high, much higher than might be expected. However, that cost can be minimized by making the right termination choices. Most people end their lease on schedule and do not end early, which avoids all early termination costs.

2. Little or No Ownership Equity

The trade-off for low monthly lease payments is that you typically do not build ownership or trade-in value in your leased vehicle. However, it is fairly common that the market value of a vehicle at lease-end is higher than the purchase option price specified in the lease contract — which means you may have equity value to use in a trade or purchase and resale. It’s not unusual to end up with a few thousand dollars of unexpected equity.

3. Excessive Mileage Charges

If you exceed the mileage allowance in your lease contract, you will be charged for the extra miles at a specified per-mile rate, usually a reasonable $0.20 per mile. A large mileage excess could result in a hefty charge, even at a reasonable per-mile rate. You can reduce your exposure if you “buy” the extra miles you expect to drive at the time of lease signing. You avoid the higher end-of-lease charge this way. If you choose this option, you will usually be refunded for any unused miles.

4. Higher Credit Requirement

Leasing normally requires a higher credit score than buying with a loan. For those with marginal credit, a large down payment or security deposit may allow you to be approved. If you don’t know your credit score, you should.


Although leasing offers attractive benefits to automotive consumers, those benefits should be weighed against any potential disadvantages. There are pros and cons to be examined before making a decision. Furthermore, there are financial differences between buying and leasing that should be considered.

It is not our purpose here to convince you that leasing is good for everyone under all situations, but rather to give you the information you need to make your own decision. Ask a salesperson for more details about the Arizona Car Sales used car leasing program!

Arizona Car Sales

1648 East Main Street, Mesa, AZ, United States

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1648 E Main Street • Mesa, AZ 85203

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Arizona Car Sales

1648 E Main Street Mesa, AZ

Phone: (855) 971-9639



Phone: (855) 971-9639

1648 E Main Street Mesa, AZ
33.4158943 -111.7950735
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Arizona Car Sales
Arizona Car Sales
1648 E Main Street
Mesa, AZ, 85203 United States
(855) 971-9639
Arizona Car Sales 33.4158943, -111.7950735.