--- title: How to Get a Better Car Lease Option | Hanscom FCU description: If you like the flexibility of leasing a car but are looking for lower payments, Hanscom Federal Credit Union's Better Than a Lease Program may be for you! image: https://go.hfcu.org/hubfs/How%20To%20Get%20Lower%20Car%20Lease%20Payments.png --- [![MoneyWisdom_HFCU_r2](https://go.hfcu.org/hs-fs/hubfs/MoneyWisdom_HFCU_r2.png?width=464&name=MoneyWisdom_HFCU_r2.png "MoneyWisdom_HFCU_r2")](https://go.hfcu.org/blog) Filter by Category** - [Show All](https://go.hfcu.org/blog) - [Security](https://go.hfcu.org/blog/topic/security) - [Personal Finance](https://go.hfcu.org/blog/topic/personal-finance) - [Auto](https://go.hfcu.org/blog/topic/auto) - [Business](https://go.hfcu.org/blog/topic/business) - [Credit Score](https://go.hfcu.org/blog/topic/credit-score) - [Home](https://go.hfcu.org/blog/topic/home) - [Credit Cards](https://go.hfcu.org/blog/topic/credit-cards) - [Life Changes](https://go.hfcu.org/blog/topic/life-changes) - 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[Medical (1)](https://go.hfcu.org/blog/topic/medical) - [Pets (1)](https://go.hfcu.org/blog/topic/pets) - [dormant account (1)](https://go.hfcu.org/blog/topic/dormant-account) - [inactive account (1)](https://go.hfcu.org/blog/topic/inactive-account) # How To Get Lower Car Lease Payments ** [Hanscom Federal Credit Union](https://go.hfcu.org/blog/author/hanscom-federal-credit-union) ** Jan 01, 2023 ![A couple talk to a loan officer about their car lease options. There are loan documents on the desk between them and they have smiles on their faces. ](https://go.hfcu.org/hubfs/How%20To%20Get%20Lower%20Car%20Lease%20Payments.png) Do you lease a vehicle or know someone who does? We’ll go out on a limb and say you chose this option for low monthly payments on a [better make and model](https://go.hfcu.org/blog/how-much-car-can-you-afford) than you could otherwise afford. With leasing, you avoid the hazards of driving an older vehicle. The down side, however, is that leases have rules... lots of them. From insurance requirements to prepayment penalties, there are costs to leasing that buyers avoid. It can also be a hassle to return your vehicle at the end of your lease. What if you could get that low payment without a lease? With the [Better Than a Lease](https://www.hfcu.org/borrow/vehicle-loans/better-than-a-lease-loan.html) loan from Hanscom FCU, you can! Rather than leasing a vehicle owned by someone else, you buy the car and it’s titled in your name. Let’s take a closer look at how this option may be the right one for you.   ## Is There a Better Option Than a Car Lease? Once you [know the basics of buying vs. leasing](https://go.hfcu.org/blog/should-you-buy-or-lease-your-new-car), you’ll probably prefer one over the other. Maybe you like the feeling of ownership that a loan offers you. Or maybe you prefer a new car every couple years, in which case a lease is just the ticket. Hanscom FCU's Better Than a Lease loan gives you the best of both options. With this type of loan, you own the car, but you make lower payments than with a traditional loan. You also avoid some of the out-of-pocket expenses that come with a lease. And get this: ***Better Than a Lease****** is for used cars up to 5 years old, too!*** How do you avoid these higher costs? Because you own the car, you don’t pay a security deposit. During the loan, you pay only for the depreciation, or the amount of the vehicle’s value you use. **Monthly payments are typically 30% lower than a conventional loan** with the same term. That’s because, like a lease, you only pay for the value of the car you use.   At a glance, Better Than a Lease offers the following features: - Lower payments compared to traditional "loan to own" contracts. - You could then use the difference to increase your monthly cash flow or pay your [car insurance](https://hanscom.insuranceaisle.com/home). - A low or no down payment saves on initial out-of-pocket costs. There's no security deposit and no initial fees.   - No penalties for early payment and you won’t pay charges for normal wear and tear at the end of your term. - Flexible Terms include 7,500, 10,000, 12,000, 15,000 or 18,000 annual mileage allowance options. Better Than a Lease works for **new or used vehicles**, with terms from three to five years. Like we told you...it's *better* than a lease!   Here's another great perk. Since dealer leases are based on the manufacturer's suggested retail price, you have more freedom to negotiate the best deal with Better Than a Lease.   ## What Can I Do After a Better Than A Lease Term Ends? Once your loan term ends, you have a few choices: 1. Return the vehicle, paying only for excess mileage and unrepaired damage or missing original equipment. 2. Refinance the remaining balance into a traditional loan. 3. Sell the vehicle on your own, pay off the remaining balance, and keep any profit. 4. Trade in the vehicle and realize any equity you have built up.   Vehicle ownership does have risks. You will probably want to have [GAP insurance](https://hfcu.iqq.alliedsolutions.net/iQQ/consumerwebsite/Home) in the event of a total loss of the vehicle before you finish the term. If there is more depreciation than predicted, you will have less equity to work with. But the opportunity to drive a better make and model than you could otherwise afford, combined with the freedom to choose your option at the end of the term, make the [Better Than a Lease Loan](https://www.hfcu.org/borrow/vehicle-loans/better-than-a-lease-loan.html) an attractive option for both buyers and lessees.   [![Check out Better than a Lease](https://no-cache.hubspot.com/cta/default/118438/905572ac-7ef7-4b0a-b7bd-7df258a01556.png)](https://cta-redirect.hubspot.com/cta/redirect/118438/905572ac-7ef7-4b0a-b7bd-7df258a01556)   *Others are reading:* - [What Is Home Equity And How Does It Work?](https://go.hfcu.org/blog/what-is-home-equity-and-how-does-it-work) - [17 Tips To Keep Your Car Moving This Winter](https://go.hfcu.org/blog/keep-your-car-moving-this-winter) - [3 Ways to Build Wealth With Direct Deposit](https://go.hfcu.org/blog/3-ways-to-build-wealth-with-direct-deposit) - [Questions To Ask Before Investing In Real Estate](https://go.hfcu.org/blog/bid/183562/is-investment-property-ownership-right-for-you) - [Why Are Credit Union Rates Better?](https://go.hfcu.org/blog/credit-union-rates) ** [Auto](https://go.hfcu.org/blog/topic/auto), [Lending](https://go.hfcu.org/blog/topic/lending) [** Understanding Home Equity: What Is A HELOC? ](https://go.hfcu.org/blog/understanding-home-equity-what-is-a-heloc) [** What is the best way to get a small business loan? ](https://go.hfcu.org/blog/bid/156108/what-is-the-best-way-to-get-a-small-business-loan) ### About Author ![Hanscom Federal Credit Union](https://go.hfcu.org/hubfs/HFCU-Profile-1000x1000.jpg) Hanscom Federal Credit Union Hanscom Federal Credit Union, a purpose-driven $1.9 billion organization based in Littleton, MA, empowers its members to achieve financial wellness. Hanscom FCU serves over 95,000 members across the country and overseas through 16 branches, over 100,000 surcharge-free ATMs, 5,000 contact centers, and a web-based branch. Related Posts [![5 Surprising Ways You Overshare Your Personal Information](https://go.hfcu.org/hubfs/Protect%20Your%20Privacy%205%20Surprising%20Ways%20You%20Overshare%20Your%20Personal%20Information.png) 5 Surprising Ways You Overshare Your Personal Information ](https://go.hfcu.org/blog/protect-your-privacy-5-surprising-ways-you-overshare-your-personal-information) [![How To Refinance Your Car Loan](https://go.hfcu.org/hubfs/older%20couple%20looking%20at%20car%20refinancing%20terms%20on%20tablet.png) How To Refinance Your Car Loan ](https://go.hfcu.org/blog/should-you-refinance-your-car-loan) [![Is It Better To Buy Or Lease a Car?](https://go.hfcu.org/hubfs/Blog%20Photos%20(1).png) Is It Better To Buy Or Lease a Car? ](https://go.hfcu.org/blog/should-you-buy-or-lease-your-new-car) ** - [**](http://www.facebook.com/share.php?u=https://go.hfcu.org/blog/how-to-get-a-better-car-lease-option/) - [**](https://X.com/share?url=https://go.hfcu.org/blog/how-to-get-a-better-car-lease-option/) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://go.hfcu.org/blog/how-to-get-a-better-car-lease-option/&summary=&source=CeBIT) ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** The website you are about to visit is solely the responsibility of the merchant or other party providing the site. 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Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://X.com/HanscomFCU The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://www.instagram.com/hanscomfcu/ The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### https://www.linkedin.com/company/hanscomfcu/ The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ## You are Leaving Hanscom Federal Credit Union #### **Please read the following before proceeding to:** ### http://www.youtube.com/c/HanscomFederalCreditUnion The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site. ### Popular Posts [What You Need to Know About Putting Your Home in a Trust](https://go.hfcu.org/blog/what-you-need-to-know-about-putting-your-home-in-a-trust) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/Untitled%20design%20-%202022-02-10T072804.753.jpg) [What You Need to Know About Your Federal Tax Bracket](https://go.hfcu.org/blog/what-you-need-to-know-about-your-tax-bracket) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/Untitled%20design%20-%202021-03-22T123305.900.jpg) [6 Boat Types to Get on the Water](https://go.hfcu.org/blog/6-boat-types-to-get-on-the-water) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/images/Jet_Ski.jpg) [23 Organizations Dedicated to the Needs of Seniors](https://go.hfcu.org/blog/23-organizations-dedicated-to-the-needs-of-seniors) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/Senior%20citizens.jpg) [9 Smart Moves for Lottery Winners](https://go.hfcu.org/blog/lottery) ![older man looking at top retirement worry on digital device](https://go.hfcu.org/hubfs/images/lottery_winner.jpg) ### Recent Posts - [![National Credit Union Administration](https://go.hfcu.org/hs-fs/hubfs/NCUA-logo-small.png?width=95&name=NCUA-logo-small.png) ](https://www.ncua.gov/) [![Equal Housing Lender](https://go.hfcu.org/hs-fs/hubfs/EHL-logo-small.png?width=65&name=EHL-logo-small.png)](https://www.hud.gov/fairhousing) - @ 2023 [Hanscom Federal Credit Union](https://www.hfcu.org/) - Federally insured by the National Credit Union Administration. - [Privacy Policy](https://www.hfcu.org/content/docs/Privacy_Notice.pdf) **Disclosure:** Hanscom Federal Credit Union does not provide and is not responsible for any products, services, or overall website content available at any third-party sites linked within this blog. 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Please consult the privacy disclosures on those linked sites for further information. ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Hanscom Federal Credit Union" }, "dateModified" : "January 1, 2023, 8:45:00 PM", "datePublished" : "2023-01-01 20:45:00", "description" : "If you like the flexibility of leasing a car but are looking for lower payments, Hanscom Federal Credit Union's Better Than a Lease Program may be for you!", "headline" : "How To Get Lower Car Lease Payments", "image" : { "@type" : "ImageObject", "url" : "https://118438.fs1.hubspotusercontent-na1.net/hubfs/118438/How%20To%20Get%20Lower%20Car%20Lease%20Payments.png" }, "mainEntityOfPage" : { "@id" : "https://go.hfcu.org/blog/how-to-get-a-better-car-lease-option", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://cdn2.hubspot.net/hubfs/118438/Logo%202.jpg" }, "name" : "Hanscom Federal Credit Union" } } ```