Buying vs. Leasing
Which is right for you?
Choosing between buying and leasing a car? Each option has unique benefits depending on your lifestyle, budget, and long-term goals. Let’s break it down:
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BUYING
ADVANTAGES
✔ Long-Term Investment – Keep your car for years or sell it later for a fair price.
✔ No Restrictions – Drive as much as you want without mileage limits.
✔ Full Customization – Personalize your car with accessories, upgrades, and modifications.
WHO OWNS IT
✔ You do! Whether you pay in full or finance with a loan, the car is yours. If you finance, your lender holds the title until the loan is paid off.
UP-FRONT COSTS
✔ Typically requires a down payment, which varies based on your credit score and loan terms.
✔ You may also trade in an old vehicle to lower your total cost.
FUTURE VALUE
✔ While cars depreciate over time, proper maintenance helps retain value.
✔ Even an older car can be sold for parts or traded in.
END OF PAYMENTS
✔ Once your loan is paid off, the car is 100% yours—no more monthly payments!
BEST CARS TO LEASE
✔ Lease costs are based on depreciation—vehicles that hold value well tend to have the best lease deals.
✔ Check lease ratings to find models with minimal depreciation.
Still Deciding?
Our finance experts are here to help! Contact us today to explore your options and find the best deal for you.
LEASING
ADVANTAGES
✔ Lower Monthly Payments – Pay only for the time you use the car.
✔ Hassle-Free Turn-In – No need to sell or trade—just return it at lease-end.
✔ Drive the Latest Models – Upgrade every few years to enjoy the newest technology.
✔ Luxury for Less – Lease high-end models that may be out of your purchase budget.
WHO OWNS IT
✔ The leasing company retains ownership—you’re essentially paying the depreciation of the vehicle for a set term.
UP-FRONT COSTS
✔ Usually no down payment, but expect:
✔ First month’s payment
✔ Security deposit
✔ Acquisition fee
✔ You can reduce monthly payments by increasing the upfront cost.
FUTURE VALUE
✔ You don’t have to worry about resale value, but mileage restrictions and wear & tear fees may apply at lease-end.
END OF PAYMENTS
✔ Simply return the car at lease-end. Know your disposition or turn in fee so you have no surprises.
✔ You may also have the option to buy, extend, or trade it in—ask your leasing agent about these options!
