Lease vs Finance
Auto Lease and Finance Options
At Serra Chevrolet Sterling Heights, you have numerous options when it comes to acquiring a new Chevy vehicle. Financing the car of your dreams isn't the only way to get behind the wheel. Leasing offers our customers in the Sterling Heights area an alternative which usually includes greater benefits than financing a new vehicle. If you're stuck between financing or leasing or are simply unsure of what leasing entails, the knowledgeable sales professionals at Serra Chevrolet Sterling Heights can help to determine what your best options are.
Advantages of Leasing
Low Monthly Payments
Latest Technology
No Trade-In Worries
Warranty Coverage
Disadvantages of Buying
More Expensive
Unpredictable Depreciation
Long-Term Loans
More Upfront Costs
Frequently Asked Questions About Leasing
What Is The Disadvantage Of Leasing A Car?
While leasing a car may seem like an attractive option, it doesn’t guarantee ownership at the end of your lease. This means if you choose to get another vehicle later down the road, there won’t be any equity or trade-in value from what someone previously leased. Ultimately, this leads to increased costs over time compared to those who purchased their cars outright in the first place!
What Is The Advantage Of Leasing A Car?
The obvious upside to leasing a car is that you can drive a more expensive car for less money and can easily transition to a new car every 2-3 years. This is because you pay fewer taxes and, on average, there are lower monthly payments and sometimes no down payment needed at all. Also, there are no trade-in hassles when the lease ends.
What Drivers Benefit Most From Leasing A Car?
Leasing a car can be an exceptionally cost-effective option for drivers who clock up to 15,000 miles per year. But it pays off to stay aware of the mileage listed in your contract. Driving over this limit may lead to higher fees!
What’s The Difference Between Leasing And Financing?
Leasing and financing are both excellent options for purchasing a vehicle, with distinct advantages for each. Ultimately, it depends upon which option best suits your needs!
- Leases provide the opportunity to pay less per month, but may come with restrictions or extra fees attached.
- Financing lets you own your car outright and do as you wish; however, interest will be applied to the principal amount borrowed.