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What’s better than buying a luxury car? Leasing it. But what’s even better than leasing a car? Leasing it under lease specials.
Let’s face it — not all of us can afford a sexy new Lamborghini. The next best choice is to get Lamborghini EVO lease specials, which allow lessees to reduce or offset the additional costs such as depreciation, excess mileage, and interest rate.
Common Types of Lamborghini EVO Lease Specials
#1 Closed-End Lease
In both a closed-end and open-end Lamborghini EVO lease specials, the leasing company calculates the residual value, which is the car’s expected value at the end of the lease term. Generally, the higher the residual value, the lower your monthly payments.
In a closed-end lease, you can walk away with no obligations once your lease expires. The leasing company is responsible for depreciation, but you can only drive a fixed number of miles in return.
Benefits of a closed-end lease: At the end of the term, you may be given the option to buy the vehicle at its residual value price. If its market value is higher than its residual value at the end of the lease term, you can profit from reselling the car.
#2 Open-End Lease
Under an open-end lease, the lessee’s responsibility is to pay the difference between the residual value and market value at the end of the term. The risk is entirely on the lessee — if he returns the car in bad shape, he has to pay the bill for depreciation. It isn’t limited to physical damages, either. If the vehicle model depreciates because of unpopularity, outdatedness, etc., the lessee also has to cover the costs.
Benefits of an open-end lease: The plus side of an open-end lease is its unlimited mileage. This is why companies prefer obtaining open-end leases for their company cars. It is more cost-efficient to pay for car depreciation instead of penalties for excess mileage.
Which Lease is Best?
It’s unlikely that you will exceed your mileage limit, so it’s best to go for a closed-end lease to avoid covering for depreciation. But if your career requires you to drive from state to state frequently, you might benefit more from an open-end lease.
Where You Can Find Lamborghini EVO Lease Specials
There are other types of Lamborghini EVO lease specials, such as a cashback, loyalty program, and so on. You can usually find leasing specials on the manufacturer or dealership’s website. Lease specials change regularly, so it’s best to always check back to find the lease special that works best for your budget and lifestyle.
