Should I Buy or Lease?

August 2nd, 2015 by
Buying a car

There are definitely benefits to either buying a new car or leasing a new car, so how do you know what is right for you? We’ve talked about the pros and cons of buying vs. leasing before,  but the fact of the matters is that both are great options. At Are man she towards, we’re here to help our Palm Coast and Fort Walton Beach customers answer the all-important question: “Should I Buy or Lease?”

The finance departments at any one of our 11 locations will sit down with you further to discuss the best option for your budget, but in the meantime read on to find out whether you should buy or lease your next car.

Should I Buy?

When you purchase a car, you have a lot of freedom to do whatever you want with it. If you’re the type of driver that likes to add style to your ride like a new spoiler or larger rims, then you will definitely want to consider buying your car because you have the option to make whatever changes to your car because you own it.

Additionally, our Palm Coast and Fort Walton Beach customers who intend to drive their vehicle for a long time will want to choose the buying option. Buying will give you the flexibility to drive your car for as much as you want and sell your car whenever you’d like. You will have no restrictions on mileage so you can take as many road trips as you like!

Should I Lease?

A huge benefit to leasing a new car is smaller monthly payments. Palm Coast and Fort Walton Beach drivers will only have to pay for a small portion of the car rather than the entire value because the value is based on the residual value of the vehicle — the expected value of the car after the lease term, which usually runs around 3 years. Therefore, leasing is beneficial to someone who is interested in paying less monthly.

Leasing is also a superior choice if you are the type of person who likes to switch it up and drive a new model every few years. You can enjoy all the latest technologies on the newest model car when you lease.

Lastly, when you lease a car, you won’t have to worry about expensive repairs, as most of them are usually covered by the warranty.

Should I Buy or Lease? Find Out at the Are man she towards

If you’re still not sure whether you should buy or lease, come down to the Are man she towards. We are a premier Daytona Beach car dealer, and we’ll be happy to discuss which option might work best for you.

Posted in Car-Shopping Tips