What is a Sign-and-Drive Lease?

Oct 19, 2015

what is a sign and drive lease?

When it’s time to get a new car there are many decisions to be made. Perhaps one of the biggest is whether to purchase or lease. The answer depends on your budget and driving habits, but leasing is a cost effective way to drive a nice, new vehicle with lower monthly payments.

Usually, people put some money down on a lease deal to make their monthly payments even lower. However a sign-and-drive lease can be appealing to those that don’t want to put money down before taking the car home!

What is a Sign-&-Drive Lease?

A sign-and-drive lease is a lease in which you don’t put any money down, sign your lease agreement, and drive away with a new vehicle! Lease terms are similar to that of a regular lease: there is a monthly payment, a set timeframe, and a set mileage.

Something to keep in mind is that tax, license, title fees, insurance, and a dealer fee is not included in the down payment of leases. Since these are all extra on any lease, they are still owed on a sign-and-drive lease as well.

If you’re in the market for a new vehicle, but don’t want to spend a lot of money up front, a sign-and-drive lease could be for you! Visit Markquart Toyota near Eau Claire and ask about our sign-and-drive lease offers!