When it comes time to get a new vehicle, one of the biggest decisions is whether to lease or finance. Both leasing and financing have their advantages, and the right choice depends on your individual situation and preferences.
Leasing a Vehicle
Leasing may be a good choice if you don't drive a lot of miles annually, want lower monthly payments, and like getting a new vehicle every few years. It's also a good option if you don't want the longer-term commitment of owning a vehicle.
Financing a Vehicle
With financing, you borrow money to purchase the vehicle and make regular monthly payments until the loan is paid in full. The vehicle is yours to keep once you've completed the payments. Financing usually requires a down payment, and the monthly payments are generally higher than leasing. However, you have no mileage limitations or wear and tear restrictions. You also build equity in the vehicle as you pay off the loan.
Contact or visit our dealership to learn more about leasing and financing.