Driving

What’s a One-Pay Lease?

You probably know all about leasing, but have you heard of one-pay leasing?  

You probably know all about leasing, but have you heard of one-pay leasing?  

A one-pay lease program is a lease in which all the monthly payments are made in one payment at lease signing. This helps to lower the total payment of the lease. 

 Some benefits to consider: 

  • If the lease is for someone who is 19 or older, they can be added to the lease as a co-buyer, which will help to build their credit without the liability of a monthly payment.  
  • One-pay lease notes can be from 24 to 60 months.   
  • It’s a great way to teach the young driver the valuable lesson of responsibility. Set up a system of payments sent to a savings account to be used at the end of the lease! 
  • Chances are young drivers will have some type of accident in the first few years of driving. With a lease, the buyer doesn’t suffer the loss of depreciation on the vehicle due to an accident reported on a Carfax. 
  • The best benefit of leasing? Reliability and the latest safety features! 

As an editor, copywriter, and social media manager at exploreMedia, I work to develop content that is relevant and interesting to our readers and coordinate with contributing writers.

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