Figuring Out Whether You Should Buy or Lease Your Next Car
Car shopping can be a very exciting process, after all, you’re ending up with a new vehicle that treats you to a better driving experience than your last one, but discussing financing isn’t a task any driver around Cooperstown wants to talk about. Terms like APR cause stress among many, but our Chevy, and GMC dealership in Oneonta takes a different approach to auto financing, and it starts with making sure our customers understand all the options available to them. This process includes figuring out whether buying or leasing your next vehicle is the right financing plan, which you can learn more on by reading below!
What Are the Differences Between Buying and Leasing?
Figuring out how you’ll pay for you a new Chevy, or GMC should be one of the first steps Walton, NY car shoppers take, and we have a dedicated finance staff at our dealership to help. The most common question among our visitors is, what is the difference between buying a car and leasing it, so we’ve highlighted those differences.
Getting a Car Loan to Buy
-Higher monthly payments
-You’ll own the car as long as you keep up with payments
-You can modify your truck with lift kits and new wheels
-The more affordable long-term option
Leasing a Car
-Lower monthly payments
-No money down options
-You do not own the car
-You can’t modify the vehicle
-Chevy, and GMC warranties cover most repair costs
So, which one is right for you? Leasing a car makes more sense for drivers that need a vehicle for their job, but aren’t sure the exact model they want. Leasing also lets drivers switch into newer models every three or so years. If you know the car, truck, or SUV you’ll need for the next few years, buying one is more sensible, and you can customize it in a variety of ways you wouldn’t be able to with a lease.
Have Questions? The Staff at Our Dealership near Delhi, NY Can Answer Them!
We hope this overview of the various ways you can finance a car you want to buy cleared up any questions or worries you had, but if some remain, you can contact our dealership in Oneonta for more info. We want car shoppers to feel confident with every step of the car shopping journey, which is why so many drivers come to us!
Connect with us
