Lease vs Buy

Leasing a Car

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With a lease, you’ll be able to take advantage of the newest features the car you’re interested in offers. That means upgraded interior amenities, cutting-edge driver-assist systems, and those devices you may have bypassed in the past.

When you lease a vehicle, the lease term only spans a few years. Once you’ve learned all about the car and made some memorable moments driving it, it’s time to try another car through a new lease. The short-term commitment of a lease makes this possible.

Full warranty coverage accompanies a leased vehicle, so you won’t be experiencing extra costs for unexpected repairs. You’ll mainly have to tend to regular maintenance. Your car won't age past the time that the warranty expires, so major repairs will probably not be much of a concern.

Returning your leased car also could not be any easier. You’ll receive notification that the lease is almost over and you’ll bring your fully inspected car back to the dealership. You won't be responsible for selling it or dealing with trade-in negotiations.

Buying a Car

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Whether you get attached to a pet or to a car, your relationship with either one is a long-term commitment. If you take out a loan for your car, you’ll be able to keep it for as long as you want.

Your car can be customized as you see fit. If you want to add accessories or get the car pinstriped or repainted, you're open to whatever you prefer to do. Your car can be as distinctive as you want it to be and change with the years as you drive it.

Many times, leases require mileage restrictions, so you may be limited in how far you can travel within a specific time period. By buying the car, you can go wherever you want, no matter the distance. So, that cross-country road trip you want to take can be accomplished.

While you’re paying for your car monthly, you’re building a strong credit history that enables you to take on other loans. For example, this could benefit you in the future, if you intend to buy a home and get a mortgage with reasonable interest rates.

How to Finance Your Vehicle

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Once you’ve established which financial route to take, you’ll be eager to get started. Come to our dealership to discuss your options with a savvy finance expert. They can give you advice about which way to go and let you know more details about the terms.

At home, you can apply for financing online to speed up the process at any stage of the game. While you’re waiting, figure out the value of your current car and find out the estimated monthly payment. This can be done with the help of our online shopping tools, like the trade appraisal and the payment calculator.