Should I Buy or Lease?

When you’re in the market for a new vehicle, you’re likely going to be doing extensive research on the various models, trim levels, features, and more that are available to you. But the process isn’t over once you’ve determined which vehicle is right for your Crawfordville lifestyle – you will still need to ask yourself, “Should I buy or lease?” If you’re struggling to decide, you can always talk to the finance professionals at Dale Earnhardt Jr. Chevrolet. Get started today with our lease vs. buying comparison down below!

Lease vs. Buying: Explore the Perks of Buying

• No Mileage Restrictions: When you buy a vehicle rather than lease it, you won’t have to follow any mileage restrictions. This might make buying the best option for those who commute a decent amount of miles out of Havana every day.
• Total Ownership: You take full ownership of a vehicle when you buy it, and it’s yours to do with whatever you please.
• Customizability: Speaking of full ownership – when you buy a vehicle, you can make any customizations or modifications you want. Whether they’re cosmetic, performance-focused, or designed for greater convenience, you’re free to proceed any way you want.
• Resale Options: With ownership of a vehicle also comes the freedom to sell it whenever you see fit.
• Financing Flexibility: Financing may be easier to secure if you’re working with a less-than-great credit score. Additionally, there may be an opportunity to refinance in the future to get a better interest rate and payment amount.
• Less Costly to Own Over Time: Buying a vehicle may cost more than leasing initially, but over time as you pay off your loan it becomes less and less expensive to own.

Lease vs. Buying: Explore the Perks of Leasing

• Lower Payments: One of the main perks of leasing is that the monthly payment and down payment can be much lower.
• Fewer Sales Tax: Depending on where you’re leasing your vehicle, you may enjoy noticeably lower sales tax. In fact, some regions only require you to pay tax on your down payment and monthly payments.
• Easy Lease Trade-In: When you reach your lease’s end, getting into a new vehicle again is simple! Just bring it back to the dealership, settle any necessary fees, then choose your next lease to take back home to Quincy.
• Helpful Warranty Coverage: Servicing and maintaining your vehicle may feel simpler when leasing because it will fall under warranty. As long as you don’t exceed your mileage limit, you’ll have warranty coverage through the duration of the lease.
• Stretch Your Budget Further: Leasing allows you to drive a new vehicle with upgraded features every few years. With the lower payment amount, you may even be able to consider higher-end trim levels than you would if you were buying.

Compare Leasing vs. Buying at Dale Earnhardt Jr. Chevrolet

Still having trouble deciding between leasing vs. buying? Rest assured that no matter which you choose, you can secure a competitive price at Dale Earnhardt Jr. Chevrolet thanks to our new Chevy specials! With any remaining questions or to get one-on-one advice, contact us to be put in touch with a friendly member of our finance team.