LEASE VS BUY

BUYING VS. LEASING AT LUNGAMER BUICK GMC

So you found a new car, but not sure whether you want to lease or buy your vehicle? Let Lunghamer Buick GMC help you out! The decision to lease or finance depends on many factors, but what helps drivers decide is typically monthly payments and how long you're willing to wait for a newer car.

Buying and leasing each have their benefits and making the decision ultimately comes down to your individual needs, wants, habits, and lifestyle.

Lunghamer Buick GMC has you covered! We've outlined some of the most common benefits of buying and leasing to make your decision a little easier.

BENEFITS OF BUYING:

• If you typically keep your vehicles for longer than four years, traditional financing might be for you since you get to keep your vehicle as long as your want once the financing period ends.
• When you finance, each montly payment builds equity on your car so at the end of the contract, it's yours to keep. The longer you drive the vehicle after your contract is complete, the more value you derive from your investment.
• If you finance your vehicle, no one can limit the mileage you drive! If you love to hit the road and you drive more than 12,000 to 15,000 miles per year, traditional financing is the best option for you.
• When you finance, you have the freedom to make appearance and engine changes to your vehicle to compliment your personal tastes.

BENEFITS OF LEASING:

• Leasing a car means you contract to use it for the first (and best) period of its lifecycle, so car maintenance is minimal and gives you a stress-free driving experience
• Newest car on the block! Stay on trend with the latest updates in technology, safety, and car styles with leasing.
• Vehicle leases typically come with lower monthly payments than tradition financing. That's because the payments will be based on the vehicle's estimated depreciation not the MSRP.
• One of the largest benefit of leasing, is that it does not usually require a substantial down payment.
• You don't need to worry about what you'll do when you don't want the vehicle anymore. When your lease term is up, you need not worry about getting a good price for your trade-in. Simply turn in the car and walk away, or buy your vehicle if you love it!
• Leasing a car for your business? You may find larger tax deductions with leasing than with buying a vehicle. Check with your tax advisor.

To learn more about the buying and leasing processes and the advantages of each, stop by our Waterford, MI dealership today and allow our knowledgeable auto finance team to give you the full run-down. We look forward to meeting you!