When it comes time to get your next vehicle, one of the biggest decisions is whether to lease or finance. Both have solid advantages, and the right choice depends on your individual situation and preferences.
Leasing vs. Financing
When you lease a vehicle, you make monthly payments to drive it for a set period of time, typically two or three years. Once the lease ends, you return the vehicle to the dealership. Leasing usually results in a lower monthly payment than financing. It also allows you to drive a new vehicle every few years. However, lease agreements have mileage limits and you must keep the vehicle in good condition to avoid extra fees.
If you finance a vehicle, you take out a loan to pay for the purchase price of the car. You make payments until the balance is paid off, at which point you own the vehicle fully. With financing, you can drive the car as much as you want and customize it as you please. Monthly finance payments are usually higher than lease payments, but you are paying off the entire vehicle cost.
Contact Us to Learn More
Contact Cronin Buick GMC of Perrysburg today. Our friendly, pressure-free sales staff will be happy to discuss your options in more detail and help you find the ideal vehicle and payment plan for your lifestyle and budget.