ARE YOU TRYING TO DECIDE WHETHER TO BUY OR LEASE YOUR NEXT CAR? THE DECISION CAN BE DIFFICULT, BUT IF YOU EXAMINE THREE FACTORS- YOUR FINANCES, YOUR PREFERENCES, AND YOUR FUTURE PLANS – YOU SHOULD BE ABLE TO CHOOSE WITH EASE

Finances

In the short-term, it is much more affordable to lease a vehicle, which will involve lower monthly payments. However, in the long-term, you will ultimately save more by purchasing your own vehicle, which will eventually belong to you. If you have the money now, it’s advantageous to purchase, but if not – simply lease! Leasing a vehicle will help you save money on service in the long run. You’ll have a brand new vehicle every few years so you can be sure that all of the parts on the vehicle are brand new.

Preferences

If you’re the type of person who loves new gadgets and may appreciate the search for a new model every few years, then you should probably lease. But on the other hand, if you like to stick with a model for many years, then you should definitely purchase. If you purchase your vehicle, you can also make all the upgrades and modifications that you’d like. Any modifications that you’d like done to your lease must be approved or else you run the risk of breaking your lease which would be very costly in the end. Purchasing a vehicle gives you the option to shop our used car selection along with our new cars. If you combine your search, the options are endless! You can even shop previous models from other reputable makes or models that have previously been discontinued.

Future Plans

Lastly, do you know what you will need a vehicle for in a few years? If yes, then purchasing a model is a good idea. But if no, you may want to lease for now. Do you plan on taking long road trips in the future? Purchasing a vehicle could be the right option for you since leased vehicles have a yearly mileage restriction. Going over the restriction can be costly in the end.