Buying vs Leasing

Are you in the market for your next set of wheels for those everyday Clarkston, Lake Orion, Clio, or Lapeer, Michigan, commutes of yours? Are you in the process of trying to decide whether buying or leasing would be more appropriate for your lifestyle? Feldman Chrysler Jeep Dodge Ram of Clarkston is here to help!

Our team of experts has put together the following comparison addressing the various benefits that come with taking either route to assist you in your decision-making process. Take a moment to check out some of the advantages of buying vs. leasing.

Key Advantages that Come with Buying a Car

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One of the top reasons that many drivers choose to purchase a new car instead of leasing one is that your credit score typically doesn’t have to be as high as it does when leasing.

Something else to consider is that when the car you have bought is paid off, it’s all yours, so you can do what you want with it. You can trade it in for something else if you are not happy with it for any reason or keep it for many years to come.

Unfortunately, switching to a different vehicle when leasing is not as easy. In fact, you could have to pay a penalty for terminating a lease prematurely.

Why Leasing Might Be Right for You

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Like buying, leasing has its benefits. For example, you’re not going to be paying for the car’s whole value in this instance. As a result, you can look forward to your down payment and monthly payments potentially being a bit lower.

Another reason to keep leasing in mind is that it allows you to have access to the latest features every few years. This can be particularly useful if you appreciate being able to utilize advanced technologies while you’re behind the wheel.

At the end of your lease’s term, you won’t have to deal with having to trade the vehicle in at a reduced value. All you’ll have to do is return it to the dealer and start thinking about what you would like to lease next.

You Receive an Abundance of Support From Our Financing Team

Buying vs Leasing: Which Route Will You Prefer?

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This has been a glimpse into the different worlds of leasing and buying. Have you chosen your preferred option based on the above information? Would you like to know more before you decide on the one that’s right for you? Whether you’re ready to get started or you still need to weigh your options, we’re happy to offer our assistance.

If you call Clio, Clarkston, Lapeer, or Lake Orion, MI, home contact us at Feldman CJDR of Clarkston today. We’ll set up a time to answer any questions you might have as well as to get everything started. We look forward to hearing from you!

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