Leasing Center // Lease vs Finance

Lease vs Finance

There are many benefits to leasing or financing your next new car, truck, crossover, or SUV.

Both options have many potential benefits, and every situation is unique, so consider your situation and the options below, and if you have any questions then simply contact us for more information and we'll be happy to help!

And whichever option you choose, shop our new inventory to find the right vehicle for you!

Benefits Of Leasing A Vehicle

Leasing a new vehicle has many potential advantages. If you're considering a new car, truck, crossover, or SUV, then here are some reasons that will help you decide if leasing is a good option for you:

  • Lower Monthly Payments

    Since a lease payment is based on the vehicle's depreciation rather than the full purchase price of the vehicle, the monthly payments can be substantially lower than financing the same vehicle.

  • Lower Up-Front Costs

    Many leases require much less due at signing than a typical auto loan for full purchase price.

  • Drive A New Car Every Few Years

    Most auto leases have a term of 24 or 36 months (though shorter and longer lease terms may be available), so when the lease expires you can find a new vehicle to lease and enjoy.

  • Have The Latest Features & Technology

    With each new vehicle lease, you can shop current models with the latest advancements in features and technology for things like improved gas mileage, better safety, and enhanced infotainment options like GPS, bluetooth, and high-end sound systems.

  • No Long-Term Commitment

    Lease terms are generally shorter than auto financing loan terms, so you can keep your options open in the longer-term.

Benefits Of Financing A Vehicle

There are many good reasons to finance a new car, truck, crossover, or SUV. Depending on your needs and financial situation, here are some reasons why obtaining an auto loan to purchase your next vehicle could be the right choice for you:

  • Own Your Vehicle

    Once you pay off your auto loan, you will own your vehicle outright and can enjoy it for years to come.

  • No Loan Payments Once The Vehicle Is Paid Off

    When you pay off your auto loan, you'll no longer have a monthly car payment and your only costs will be fuel, maintenance, and auto insurance, so you can free up some room in your monthly budget if you keep the car after paying off the loan.

  • Drive As Much As You Like

    Unlike a leased vehicle, there are no mileage or wear-and-tear penalties on a financed vehicle, so you can drive as much as you wish and customize or maintain the car as you see fit.

  • Build Equity

    As you pay down the loan on your vehicle, the amount you owe will eventually be less than the amount the vehicle is worth, so you will start building equity in the vehicle at some point.

  • More Predictability & Less Hassle

    When you finance a vehicle, you'll know the monthly payment and length of the loan, so you can plan & budget accordingly, and you won't have to worry about what you'll drive every few years as you would with a lease.

Still Have Lease Or Finance Questions?

If you still want to learn more about whether leasing or financing might be right for you, contact us today and we'll be happy to assist you!

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