Short Term Car Lease Peoria IL
Short Term Car Lease
Car dealers and leasing companies don't offer short term leases on new cars. That is, they only offer leases that start at 24 months. If a shorter term is required, one must look elsewhere. We'll tell you how and where.
Why a Short Term Lease?
There are many reasons someone might want a vehicle for a relatively short period of time. A temporary job assignment. School. Temporary financial situation. Special family needs. Military deployment. Want to "test drive" a particular make/model for a while. Don't have funds for down payment and dealer fees.
In many cases a long-term rental from a car rental company may be the answer. Rent terms can range from one day to several months, although long rentals can be very expensive.
As a rule of thumb, if your needs are for less than six months, renting may be better. However, for six months to 24 months, or more, you may be better to consider a short-term lease. It's important to understand that renting is not leasing, and leasing is not renting.
Many short term car leases are being offered at bargain prices, with no down payment — even cash back incentives - if you know where to look.
How Does it Work?
All short term leases are lease "assumptions" or "takeovers." That is, one party arranges to take over a lease from another party who wants out of their existing lease. The new lessee assumes the monthly payments and other responsibilities for the re...