Leasing vs Buying a Car: Pros and Cons

The Ultimate Choice: Buying vs Leasing

Leasing vs Buying a Car: Pros and Cons

Which is Better? Buying vs Leasing

At Gainesville Buick GMC, we take pride in providing you with plenty of choices. From new pickup trucks with impressive towing capacities to used and certified pre-owned SUVs and sedans with comfort-driven interior spaces, you can find the perfect vehicle at our Buick GMC dealership.

When it comes to determining the best payment option for your vehicle, we are also here to serve you. Many customers aren’t sure about whether buying vs leasing is the right option. We are here to offer leasing vs buying a car pros and cons to help you make an informed decision. Contact us today to utilize our lease vs buy car calculator and meet with our finance team to reap the benefits of lease specials and new vehicle specials from our GMC dealership

The Pros of Leasing a Car

When contemplating the leasing vs buying a car pros and cons, it’s important to know that a car lease is ideal for individual who prefer to keep their vehicles short term. Similar to renting, when you lease a vehicle, you sign a 36-month contract to drive and maintain a brand new vehicle. One of the key benefits of leasing vs buying is that it’s often more affordable to upgrade to a premium trim level that features more options and driver assistance technologies.

In addition, when looking at the leasing vs buying a car pros and cons that with a lease term, you get to drive a new Buick or GMC model during its most trouble-free years. A lease does require that you make monthly payments during the lease term and you are restricted to a mileage limit. In addition, if you end the lease early, there may be some additional fees.

However, you have plenty of lease end options. After scheduling an inspection for wear and tear at the end of the lease, you can simply hand over the keys, opt to purchase the vehicle with an auto loan or upgrade to a new lease.

Should you buy or lease a car? Keep reading to learn about the benefits of buying vs leasing.

Sales person meeting a customer

The Pros of Buying a Car

Buying vs leasing is the most traditional route, especially if you prefer to keep vehicles long term. When you buy a vehicle, you sign up for a loan term that may range from 48 to 82 months, make monthly payments and maintain the vehicle. You do benefit from low interest rates, manufacturer incentives and active warranties when buying vs leasing, but once the loan is paid, you are responsible for all maintenance.

However, you do own the vehicle outright once the car loan is paid. This means that you can keep the car, sell the car to a third party or return the car as a trade-in at our Buick dealership. When upgrading to premium trims, you may have higher monthly payments when buying vs leasing, but unlike a lease, you can customize and accessorize the vehicle to your preferences.

When buying vs leasing, you are building equity in the car, which makes monthly costs worth the money. You also are not responsible for wear and tear charges as you are responsible for maintaining the vehicle how you prefer when you own it.

The Benefits of Online Car Buying

While evaluating the leasing vs buying a car pros and cons, it’s important to know that you have online car buying options when working with the team at Gainesville Buick GMC. From the comfort of your own home, you can browse our selection of new and used vehicles and access auto financing tools.

Value your trade, fill out a credit application and estimate monthly payments while working virtually with our sales and finance teams. Simply order home delivery and the process is complete.

The Ultimate Decision: Buying vs Leasing

Make your way to Gainesville Buick GMC to learn more about leasing vs buying a car pros and cons. Our team is here to assist you with all of your automotive needs. From sales and financing options to service and parts, we are your go-to GMC dealership. Contact us today to learn more about how to access our online financing tools and save with our incentives and specials on a new, used or certified pre-owned vehicle in stock.

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