Leasing vs. Buying: What to Know About Your Options

If you need a car, you have to decide if you want to own a vehicle or just lease one for a while. Both options can be cost effective, as you can generally find specials on new and used cars for sale, as well as different lease offers. If you’re not sure which is the better choice for you, this guide can help.

Why Lease a Car?

There are many reasons to consider leasing a car. First of all, you won’t be tied to just one vehicle for very long. If you get bored easily, leasing lets you change cars every couple of years. This gives you the opportunity to keep upgrading every time your lease ends so you can always have the newest features on the market.

You can also try out a bunch of different make, models, and body styles. For example, you can start leasing a Buick Encore and once that agreement ends, you could lease a GMC Terrain. When you get to drive different cars all the time, it is hard to get bored.

Another big benefit of leasing is that it is typically cheaper than buying. This is because your monthly payments reflect the value of the car during the lease period, not its overall value.

Why Buy a Car?

Even if you lease a GMC Acadia for years, it’s important to remember that the dealership still owns it. And because it’s not really yours, it doesn’t allow you to build any equity.

Leasing also comes with a yearly mileage restriction, and if you go over that, you will have to pay a fee. Another reason to consider owing is that you’ll be able to do with the car what you like. This could include making customizations or adding accessories.

Whether you’re looking to buy or lease a new or used car, you’ll find a lot of vehicles to choose from at Joseph Buick GMC near Florence. Come down to see what’s in stock and to learn about our current deals and specials.