BUYING VS LEASING - WHAT IS BETTER FOR YOU?

When on the hunt for the perfect vehicle, all shoppers must answer the question of whether to buy or to lease. There are advantages and disadvantages of each, and typically one fits a driver's wants and needs better than the other. Here are some reasons why drivers choose one or the other, which will hopefully help you decide which is the better option for you.

BUYING

Buying a vehicle gives you the most freedom after purchasing it. You won't have any mileage restrictions or cosmetic upkeep requirements like a lease may have. After you finish paying off the vehicle, it's undeniably yours. On the other hand, cars lose up to 40% of their value after the first couple of years, and it's true that they lose a significant amount of their value as soon as they drive off the dealership lot. Over the course of your loan term, therefore, you'll end up paying for value that your vehicle technically no longer has.

Bottom line: Owning a vehicle means no bothersome restrictions on your driving. You'll also gain back a portion of what you put into it if you ever resell it or trade it in.

Whether you ultimately choose to buy or to lease, Warsaw Buick GMC is committed to offering you the best deals possible on a new car.

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LEASING

Leasing allows you to get the most up-to-date vehicle and technology at a lower monthly payment than is typical of a loan payment plan, perhaps making a vehicle affordable that otherwise would not be. However, there are mileage restrictions, reinforcing the fact that the car isn't truly yours. After putting a lot of money into leasing a vehicle, you will have nothing to show for it at the end of your lease term, although you will then be free to once more get the most up-to-date, advanced vehicle on the market.

Bottom line: If you want the most up-to-date vehicle every couple of years and a lower monthly rate, leasing may be a better option for you.