With spectacular promotions out there like a no money down lease, you might find a new lease extremely tempting.

Deciding whether to buy or lease your next vehicle is a significant decision you have to make when it’s time to upgrade your ride. There are perks to both methods that attract different kinds of shoppers.

Here are some of the top advantages of a no money down lease for your next car:

Less Money Up Front

By definition, a no money down lease means you aren’t required to put down any cash to start your lease. Even if a true no money down lease isn’t available, leasing typically requires a much lower down payment than purchasing anyways. That means you have extra cash to put into upgrades, your first payment, or a set of fuzzy dice for your new rearview mirror.

Save On Monthly Payments

When you purchase a car, your bank, the dealership, or the lender you choose to finance the purchase will create a repayment rate based on your credit history and down payment. This payment typically stays the same for the length of the loan, even if your credit score improves.

A leased vehicle has a fixed payment plan that is only meant to last 12 to 36 months. Not only is the overall term shorter on a leased car than a purchased vehicle, but it’s also at a lower monthly rate.

Stay Modern

When you’re driving a leased vehicle, you can upgrade your car every one to three years. While this might mean you always have a car payment in your budget, it also means you can keep up with the latest and greatest models of your favorite cars. You’ll enjoy the newest infotainment features, safety systems, and style upgrades every time you turn in your car.

No Hassle Here

Instead of trying and haggling and arguing over the price of a purchased vehicle, leases are far more straightforward. Auto dealers typically want to make as much revenue off of a sale as possible, which means they don’t necessarily want to give in to discounts and deals.

When you decide to lease your next vehicle, you can avoid this headache altogether. Most lease prices are already set before you even visit the dealership. That also means you can fire up your new car right away instead of spending countless hours sitting in the finance office working out your purchase contract.

Avoid the Trouble Years

Sure, buying a car outright means you own it and can drive it for years. Of course, that also means you’ll have to deal with all of the wear and tear that comes after years of hitting the road. After the first couple of years, you’ll need to start replacing parts, tuning up systems, and dealing with any number of issues.

A no money down lease gives you the joy of driving your vehicle during its prime years. Those first couple of years rarely experience any issues. In fact, even if something happens, you’ll most likely still be covered under warranty.

Find A Great Lease Today

A final benefit worth mentioning is that you can often find information about the vehicle you want and its lease terms online. Visit your local auto dealership’s website to view lease specials and promos along with what’s currently available. If you like what you see, schedule a test drive and take it from there. You’ll be surprised at just how easy a no money down lease can make your life.