Buying Vs Leasing
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Find Out if Buying or Leasing a New Vehicle is Right for You
When you’re thinking vehicle financing, you’re thinking about how you can get a payment plan that makes sense for you, and how you can get the right vehicle in that price range. Figuring out if buying or leasing can do that for you is a question that will inevitably come up and the team here at LaRiche Chevrolet is here to discuss it with you and provide more details on what might be the best course of action for you!
Leasing a New Chevrolet
If you’re choosing to lease, you’re agreeing to pay a percentage of the new Chevy vehicle’s value at an agreed rate for a set period of time, usually 24 to 36 months. You’ll have mileage and wear and use guidelines, but for most drivers these aren’t an issue with normal driving habits. You’ll get the benefit of having full warranty coverage as the new vehicle warranty plus the powertrain warranty span the same duration of most leases, so it’s always a good idea to stay on top of service.
When you lease, you often can find a lower rate for a monthly payment and put less down at signing to get behind the wheel. You have options when your lease is nearing its end. This includes entering a new lease, deciding to purchase your currently leased vehicle at its remaining value, or going in a different direction.
Leasing makes sense for drivers who like flexibility and upgrading their vehicle as your needs change, and are good with having a car payment in their finances regularly.
Buying a New Chevrolet or Used Car
When you choose to buy, you’re giving yourself options. Not only can you purchase new vehicles, but also used cars. Buying is when you agree on price and then get a monthly payment via an auto loan to finance the vehicle. You can add a trade-in or down payment so you can save on the loan. You make the payments on the loan, and once it is paid off, you fully own the vehicle and have no other remaining car payments.
Buying is good for those looking to save on used cars, plus those who know they’re buying a vehicle for the long term, as they’re heavy commuters or travelers, or simply know they’ll maintain and care for their vehicle for many miles to come.
Learn More About Buying and Leasing Today
The right choice for you depends on your needs and for all drivers in Fostoria, Ottawa, North Baltimore, Upper Sandusky, Tiffin and Findlay, OH who are looking to buy or lease a vehicle, contact us at LaRiche Chevrolet and we’d be happy to help you.