What's Better - Buying, Or Leasing?

 

The world of auto-financing can be difficult to navigate. But we're here to help. We know every situation is different. Everyone expects something different out of their car, too. Let us help you find out whether or not financing or leasing is the right decision for you.

Financing a New Car

When you buy a new car, you own it once you stop paying your monthly payments. However, note that with increasing new-vehicle costs, monthly payments continue to rise, making buying a car more expensive. That being said, if you're the type to keep your car for a long time, the higher monthly payments may wind up being cancelled out in the end by the amount of time you pay zero payments. Of course, you're responsible for any repairs once your new car's warranty expires.

Leasing Your Vehicle

Leasing is a great option for those who want low monthly payments and love a new car every few years. But there are other factors to consider. Namely - do you qualify for lease restrictions like those on mileage, which could be a dealbreaker?

In the end, leasing and buying cars through financing are just two ways of paying for your car. One allows for you to explore new car models every couple of years provided you stay within the mileage range and keep the car in good condition. The other costs more monthly, but if you like to keep your car a long time, it may be financially better. You must ultimately weigh your preferences, emotions, and financial considerations when choosing between the two decisions. But we're here to help every step of the way. We can talk you through which option is best for your unique needs.

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