When it comes to the next Porsche lease, the more you know, the more confident you’ll feel in picking out the perfect new car. Fields Porsche Jacksonville is here to help, with a closer look at top leasing terms to learn today.
Lease
You might be wondering what a lease actually entails. It’s one of two primary financing options you can pick from when taking home a new vehicle. When you lease, you’ll have access to the latest models on the market, and you’ll be able to save money on both the down payment and the monthly payment. When your lease ends, you’ll simply bring in your current vehicle for trade-in.
GAP Insurance
To lease a vehicle, it’s required that you have GAP insurance or Guaranteed Asset Protection insurance. This type of insurance covers the distance between your traditional insurance coverage and the value of the vehicle, which will protect you in the event of totaling or theft.
Credit
While credit is important for purchasing, it’s even more so for leasing. To qualify for a lease, you typically need to have a very high credit score, and the higher your score, the more favorable the terms available to you.
Mileage Limit
Something you’ll need to consider when leasing are the restrictions. There are restrictions on the type of driving you do and potential customizations for the car, but also on mileage. Pay close attention to your mileage limit, or you may be paying out of pocket for overages.
Early Termination
Most leases last two to five years but take the time to seriously consider how long a lease you want. If you want to return your vehicle early, you may see heavy early termination fees associated with the decision.
Get Your Porsche Lease in Jacksonville, FL
Here at Fields Porsche Jacksonville, we make it easy to take home a sporty, sleek new model. Learn more about the leasing process and start leasing a new Porsche at our dealership today!
