18021 Sky Park Circle # J2. Irvine, CA 92614
18021 Sky Park Circle # J2. Irvine, CA 92614

Selling Your Used Car and Leasing a New One: Exploring the Advantages and Considerations

Selling Your Used Car and Leasing a New One:  Exploring the Advantages and Considerations BestBid

Are you at a crossroads, pondering whether to sell your used car and embark on the exciting journey of leasing a brand-new vehicle? Making such a decision can be quite a dilemma, as it involves weighing various factors, including your financial situation, lifestyle, and preferences. In this comprehensive blog post, we'll delve into the advantages of selling your used car and leasing a new one. We'll also explore the potential drawbacks to help you make an informed choice. By the end, you'll have a clear understanding of whether this path aligns with your needs. If you decide to sell your used car during this process, we'll introduce you to a hassle-free option, BestBid, which offers seamless transactions, same-day payments, and expert assistance in handling all the paperwork. In many cases, they'll even pick up your car without you setting foot on a dealership lot.

The Advantages of Leasing a New Car

Lower Monthly Payments

One of the most appealing aspects of leasing a new car is the lower monthly payments. When you lease a vehicle, you're essentially paying for its depreciation over the lease term, which typically lasts 2 to 3 years. As a result, your monthly payments are often significantly less than if you were financing a purchase. This can free up cash for other important expenses in your life, making budgeting more manageable.

Newer Vehicle

Leasing allows you to constantly stay behind the wheel of a new car with the latest features and technology. A new car offers numerous advantages, including improved fuel efficiency, the latest safety features, and enhanced reliability. You'll experience the joy of driving a pristine, modern vehicle, which can be a source of pride and convenience.

Warranty Coverage

New cars come with comprehensive warranties, providing you with peace of mind during the lease period. These warranties typically cover major mechanical components, which means you won't have to worry about footing the bill for unexpected repairs. This can result in significant savings compared to an older vehicle that might be out of warranty.

Fewer Maintenance Costs

Driving a new car generally means fewer maintenance expenses. New vehicles are less likely to require costly repairs and have more predictable service schedules. You'll spend less time and money on upkeep, contributing to a more worry-free ownership experience.

No Resale Hassles

One of the most significant benefits of leasing is that you don't have to concern yourself with the depreciation of your vehicle's value over time. When the lease term ends, you simply return the car to the dealership. No need to deal with the hassle of selling a used car privately or negotiating a trade-in value. It's a simple, straightforward process.

Potential Tax Benefits

In certain cases, leasing a car for business purposes can have tax advantages. Your lease payments may be tax-deductible as a business expense. Be sure to consult with a tax professional to understand the specific benefits that might apply to your situation.

Easy Transition

When your lease term ends, transitioning to a new vehicle is a breeze. You hand in the current car and drive away with a new one, all without the usual hassles of selling or trading in a used vehicle. This convenience can be especially appealing for those who appreciate the latest automotive technology and features.

Fixed Mileage

Leases come with a predetermined mileage limit, which can help you budget for your transportation expenses. If you have a short daily commute and don't take many long trips, leasing can be a cost-effective way to enjoy a new car. However, it's essential to monitor your mileage carefully, as exceeding the limit can result in additional fees when returning the leased vehicle.While these advantages of leasing are compelling, it's also crucial to consider the potential disadvantages:

The Disadvantages of Leasing a New Car

No Ownership

Perhaps the most significant drawback of leasing is that you don't own the vehicle. When the lease term ends, you return the car to the dealership, and you don't have any equity in the vehicle to show for your monthly payments. If you enjoy the feeling of long-term ownership and the prospect of eventually owning your car outright, leasing may not be the best choice.

Mileage Restrictions

Leases come with mileage restrictions, typically ranging from 10,000 to 15,000 miles per year. If you exceed the predetermined limit, you'll face additional fees when returning the leased car. This can be problematic if you have a lengthy daily commute or enjoy frequent road trips.

Wear and Tear Charges

Excessive wear and tear on the leased vehicle can also result in additional charges when you return it. While some wear is expected over the course of a lease, significant damage or neglect can be costly. This includes dings, scratches, and mechanical issues beyond normal wear and tear.

Limited Customization

Lease agreements often stipulate that you can't make significant modifications or customizations to the vehicle. If you're an auto enthusiast who enjoys personalizing your car, leasing may restrict your creativity.

Long-term Costs

While monthly lease payments are typically lower than financing a purchase, the long-term cost of leasing multiple vehicles can add up. If you plan to lease every few years, you may end up spending more over time than if you had purchased a car and kept it for an extended period.

Early Termination Fees

Lease agreements are designed for a specific term, and terminating the lease early can result in substantial fees. If you need to exit the lease for any reason before the agreed-upon term, you could be faced with a hefty financial penalty.

No Equity Building

Leasing doesn't allow you to build equity in a vehicle. With each lease, you start fresh with a new car, and you don't have an asset to show for your monthly payments. This is in contrast to owning a vehicle, where you gradually pay down the loan and build equity in the car over time.

In conclusion, the decision to sell your used car and lease a new one depends on your unique circumstances and priorities. Carefully weigh the advantages and disadvantages to determine if leasing aligns with your financial situation and lifestyle. If you decide that selling your used car is the right move, you can take advantage of a hassle-free solution provided by BestBid.

Contact BestBid for a Smooth Selling Experience

If you've decided that it's time to part ways with your used car and are considering the benefits of leasing a new one, BestBid is here to make the selling process easier and more profitable for you. BestBid offers the best value for your car, provides same-day payments, handles all the necessary paperwork, and, in most cases, can even pick up your car without you needing to set foot on a dealership lot. Get in touch with BestBid today and experience a hassle-free, transparent, and efficient way to sell your used car. Make the transition to a new car as smooth as possible with the help of BestBid. It’s easy to sell your car with BestBid, get your free offer today. 

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This privacy policy has been compiled to better serve those who are concerned with how their 'Personally Identifiable Information' (PII) is being used online. PII, as described in US privacy law and information security, is information that can be used on its own or with other information to identify, contact, or locate a single person, or to identify an individual in context. Please read our privacy policy carefully to get a clear understanding of how we collect, use, protect or otherwise handle your Personally Identifiable Information in accordance with our website.

What personal information do we collect from the people that visit our blog, website or app?

When ordering or registering on our site, as appropriate, you may be asked to enter your name, email address, mailing address, phone number or other details to help you with your experience.

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We collect information from you when you register on our site, place an order, fill out a form, Use Live Chat, Open a Support Ticket or enter information on our site.

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Your personal information is contained behind secured networks and is only accessible by a limited number of persons who have special access rights to such systems, and are required to keep the information confidential. In addition, all sensitive/credit information you supply is encrypted via Secure Socket Layer (SSL) technology.

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Third-party disclosure

We do not sell, trade, or otherwise transfer to outside parties your Personally Identifiable Information unless we provide users with advance notice. This does not include website hosting partners and other parties who assist us in operating our website, conducting our business, or serving our users, so long as those parties agree to keep this information confidential. We may also release information when it's release is appropriate to comply with the law, enforce our site policies, or protect ours or others' rights, property or safety.

However, non-personally identifiable visitor information may be provided to other parties for marketing, advertising, or other uses.

Third-party links

Occasionally, at our discretion, we may include or offer third-party products or services on our website. These third-party sites have separate and independent privacy policies. We therefore have no responsibility or liability for the content and activities of these linked sites. Nonetheless, we seek to protect the integrity of our site and welcome any feedback about these sites.


Google's advertising requirements can be summed up by Google's Advertising Principles. They are put in place to provide a positive experience for users. https://support.google.com/adwordspolicy/answer/1316548?hl=en

We use Google AdSense Advertising on our website.

Google, as a third-party vendor, uses cookies to serve ads on our site. Google's use of the DART cookie enables it to serve ads to our users based on previous visits to our site and other sites on the Internet. Users may opt-out of the use of the DART cookie by visiting the Google Ad and Content Network privacy policy.

We have implemented the following:
We, along with third-party vendors such as Google use first-party cookies (such as the Google Analytics cookies) and third-party cookies (such as the DoubleClick cookie) or other third-party identifiers together to compile data regarding user interactions with ad impressions and other ad service functions as they relate to our website.

Opting out: Users can set preferences for how Google advertises to you using the Google Ad Settings page. Alternatively, you can opt out by visiting the Network Advertising Initiative Opt Out page or by using the Google Analytics Opt Out Browser add on.

California Online Privacy Protection Act

CalOPPA is the first state law in the nation to require commercial websites and online services to post a privacy policy. The law's reach stretches well beyond California to require any person or company in the United States (and conceivably the world) that operates websites collecting Personally Identifiable Information from California consumers to post a conspicuous privacy policy on its website stating exactly the information being collected and those individuals or companies with whom it is being shared. - See more at: http://consumercal.org/california-online-privacy-protection-act-caloppa/#sthash.0FdRbT51.dpuf

According to CalOPPA, we agree to the following: Users can visit our site anonymously. Once this privacy policy is created, we will add a link to it on our home page or as a minimum, on the first significant page after entering our website. Our Privacy Policy link includes the word 'Privacy' and can easily be found on the page specified above.

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Does our site allow third-party behavioral tracking? It's also important to note that we allow third-party behavioral tracking

COPPA (Children Online Privacy Protection Act)

When it comes to the collection of personal information from children under the age of 13 years old, the Children's Online Privacy Protection Act (COPPA) puts parents in control. The Federal Trade Commission, United States' consumer protection agency, enforces the COPPA Rule, which spells out what operators of websites and online services must do to protect children's privacy and safety online.

We do not specifically market to children under the age of 13 years old. Do we let third-parties, including ad networks or plug-ins collect PII from children under 13?


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Whilst every effort has been made by BestBid to accurately describe this vehicle, its' options and equipment, pricing, mileage, warranties and incentives; it is the customers responsibility to verify the information listed. You agree to hold BestBid harmless for misprints on prices or general information about this vehicle. By using our website you agree that BestBid has the right to cancel a sale or a promise of a sale if that sale is based on an incorrect price.

Pricing does not include government fees and taxes, state and/or local taxes, smog fees, any finance charges, any dealer document preparation charges, emission testing charge, registration or title fees. Depending on the age of the vehicle, normal wear and tear should be anticipated. Prices are subject to change without notice. While we do our best to describe our vehicles accurately, some descriptions and / or images provided by third parties may differ from the actual information or appearance of the vehicle. BestBid assumes no liability for omissions or errors in this vehicle listing and encourages prospective buyers to verify the information by contacting us or viewing the vehicle at our dealership. All finance offers are O.A.C (On Approved Credit) / O.A.D (On Approved Deposit).

Our payment calculator tool is provided as an estimator of your payments only and your actual payment may differ from that shown.