Benefits of Buying and Leasing
When you are ready to buy a new car, you have two financial options: buying and leasing. Finding the one that’s right for you boils down to your budget and driving needs.
Benefits of Buying
When you choose to buy a new vehicle outright, you have complete ownership over the new car. This presents a level of freedom that you give up when you lease. There won’t be any mileage caps, and you can customize your new vehicle however you would like to — as long as said customizations are street legal.
An added bonus to buying a car is that you’ll probably find that your insurance premium costs less than if you had leased it. As car insurance payments can quickly add up over time, this is a financial benefit that cannot be understated.
Benefits of Leasing
If you are the type of driver that like to stay up-to-date when it comes to modern vehicle technologies, leasing might be the option for you. Most leasing periods last somewhere around three years, so you’ll never fall too far behind when it comes to keeping up with the latest automotive trends and features. When the end of your lease arrives, you can simply begin leasing a model from the latest vehicle lineup.
When you lease a vehicle, your monthly vehicle payments are generally much lower than those you would have on a loan. This isn’t the only way that you can save money by leasing. When you lease a vehicle, it’s newness means that its manufacturer warranty will usually last for the entirety of the leasing period, cutting down on any repair costs.
No matter whether you decide buying or leasing is the best financial option for you, you’ll be able to gain access to a great new car using either method when you visit one of our Atzenhoffer dealerships.
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