Purchasing a car is a financial decision that never should be taken lightly. So, is it financially better for you to lease the vehicle or buy it? With the economy today, most individuals don’t have a lot of cash on hand. Therefore, depending on your credit score, you may be able to afford a lease versus purchasing the car outright, because a lease payment is much smaller.
Advantages to buying a car
- After paying the loan off, you own the vehicle
- You can trade or sell at anytime
- You can travel without being restricted to a number of miles you travel
- You can customize the vehicle any way you would prefer
Advantages to leasing a vehicle
- Lower payments than a purchase payment
- The value of the car doesn’t affect you
- The lease ends in three years. At this point, you can return the vehicle and lease another or decide to purchase it for the remaining balance of the original price.
Come by our dealership today, and we will help you to assess your purchase or lease options.
