Lease Program

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Lease programs for vehicles offer individuals and businesses the opportunity to enjoy the benefits of driving a new vehicle without the commitment of ownership. Through a lease agreement, the lessee (the individual or entity leasing the vehicle) pays a monthly fee to utilize the vehicle for a predetermined period, typically ranging from 24 to 48 months.

The terms of a lease program often include specific mileage limits, typically ranging from 10,000 to 15,000 miles per year, although higher mileage options are sometimes available for an additional fee. Exceeding the mileage limit may result in additional charges at the end of the lease term.

Additionally, lessees are usually responsible for maintaining the leased vehicle according to the manufacturer's guidelines, including regular maintenance and servicing. Any excessive wear and tear beyond normal usage may incur additional charges upon lease termination.

Lease programs often require an initial upfront payment, which may include a down payment, security deposit, acquisition fee, and other fees. Monthly lease payments are typically lower than loan payments for purchasing a vehicle outright, making leasing an attractive option for those seeking lower monthly expenses or the ability to drive a new vehicle every few years.