Valley First

Benefits of Leasing

Most people consider leasing a vehicle for one reason: the low monthly payments. With leasing, your monthly payments can be 30-40% lower than getting a loan for the same term.


Things to consider

  • Save tax
    From a financial perspective, leasing limits the amount of tax you pay. That's because you don't pay tax on the entire value of the vehicle, but just on how much you actually use the vehicle during your lease. What's more, that tax is spread out and paid along with your monthly lease payment.
  • Increased cash flow
    As an added bonus, you don't need much of a down payment, if any. That means you can free up cash for other things, including investments that may actually increase in value. It's an important point, especially when you think about depreciation.
  • Minimal depreciation
    It's a well-known fact that a vehicle begins to lose value the moment you drive it off the lot. But leasing limits that depreciation to a pre-determined, partial value of the vehicle. And if you invest the money you'll save by leasing, you'll be that much further ahead.
  • More for your money
    Because the monthly payment is so low, you're able to drive a more luxurious model or get additional features.
  • Easier expense control
    A newer vehicle has lower maintenance costs. Since the vehicle is usually still under warranty, you probably won't get surprised by any big bills. If something major goes wrong with the car, it's probably covered.


With leasing, your monthly payments are 30-40% lower than for a purchase loan of the same term because you only pay for how much you actually use the vehicle.

Plus, you'll get more options

When your lease term is up, there are a number of options available to you, depending on the type of lease you selected:

  • Return the vehicle to First West Leasing and lease a newer vehicle.
  • Return the vehicle to First West Leasing and terminate the lease.
  • Buy the vehicle and then sell it for a profit, immediately or at a later time.

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