Leasing or buying vehicles are two different methods for a customer to gain the services of an automobile. They both have their advantages and disadvantages depending on someone's personal situation.
Buying a car means that the owner retains the equity of the vehicle after it is paid in full. The price is paid upfront, or over a period of time. An auto loan is required to finance a payment plan. It will come with interest, and require a down payment for approval.
A lease is typically cheaper than an auto loan because it does not lead to ownership of the vehicle. The lease contract stipulates guidelines for the usage of the car. Mileage is a major component in a least. There are stiff penalties for violating this contract regulation. At the end of a lease the customer simply returns the car to the dealership.
Stop by our facility and speak with a staff member to find out if leasing or buying is the right choice for you.
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Finance
