Leasing and traditional buyng each offer unique advantages.
Here's what you need to know when you choose between them.
Leasing
More Americans are choosing to lease their new vehicles than
ever before. Here are some of the reasons:
Low
payments
Since you're only purchasing the right to use a vehicle
for a period of time, your financial responsibility and
your monthly payments are reduced significantly.
Peace of mind
Most leases last for 3-4 years, the period when a new car
is most reliable and enjoys the most extensive warranty
coverage.
Convenience
When a lease expires, you simply turn your vehicle in. There's
no need to worry about selling it or trading it in.
Most people who lease enjoy driving a brand new car every
few years. And if you spend a lot of time on the road for
business, leasing can also offer attractive tax advantages
Buying
Most Americans still choose to finance their new cars with
a loan. Financing a vehicle offers:
Equity
Once you've paid off your loan, you own your vehicle free
and clear. You can keep it as long as you like, and while
you'll be driving an older car you'll be free of car payments
for as long as you keep it.
Flexibility
Leasing requires that you drive no more than a certain
number of miles every year. Owning your car means you
can drive it as much as you like, as far as you like.
Freedom
When you lease, you're responsible for returning your
car as you received it. When you finance your vehicle,
you get to make your own decisions about how your car
should look and how it should be maintained. If you want
to put in a new stereo or take your time fixing a dent,
it's your call to make.
Choosing Whether to Lease or
Buy
When you're deciding between leasing and financing, ask yourself
a few simple questions:
How
long do I usually keep a car?
If you tend to trade your cars in every two or three years,
consider leasing. If you usually keep your cars for five
years or more, consider financing.
How many miles do I usually drive?
If you drive less than 15,000 miles a year, leasing is an
excellent option. If you drive more than 15,000 miles a
year, it usually makes sense to finance.
How much cash do I plan to put down?
Many leases let you drive your car away without putting
any cash or very little cash down. Financing generally requires
a down payment.
Whether you choose to lease or buy, Cars Express will make
sure that we meet your needs.
