Many people wonder as to the difference between buying and leasing a car. What makes more sense for your current financial situation? What is better for you and your family in the long run? Let our team here at Jim Glover On The River provide you with some valuable insight so that you're able to make a confident decision.
Benefits of Leasing a Vehicle
If you like the thrill of a different model every few years, then leasing is an option for you! Not only will you get the opportunity to lease a different vehicle every three years or so, but you'll constantly be up-to-date on the latest technology features. Car loans are based on the full price of the vehicle, but a lease is based on only a percentage of the car's full price, meaning you pay the difference between the car's price and what the expected value is at the end of the lease. If you are eager to get behind the wheel of a stylish vehicle but are still saving money, then you should look into your leasing options today, head over to our friendly finance department to get started today!
Drawbacks of Leasing a Vehicle
If you enjoy customizing your vehicle, then leasing may not be the choice for you. Typically only minor alterations can be made to the vehicle during your lease term and if you find you are frequently behind the wheel, you may want to consider purchasing a vehicle. Many leases limit the number of miles you can have on the vehicle when you return it, so be sure to pay attention to your specific contract. Thinking of leasing a vehicle like renting an apartment. You are renting and paying interest for a specified period of time and thus not building any equity. Talk to one of our friendly associates at Jim Glover On The River to learn more about your leasing options today!
Benefits of Buying a Vehicle
If you're all about customizing your vehicle then consider purchasing one today here at Jim Glover On The River! We have a range of quality new Chevy options to choose from and can suggest some luxurious add-on features and accessories. As you continue to make payments on your new vehicle, you are actively gaining equity on the car, until the loan is paid off and you own it. This does mean in the long run you could potentially save money over leasing a vehicle. There are also no mileage restrictions, the car is yours so you are free to roam wherever you choose!
Drawbacks of Buying a Vehicle
Many new car purchases require a large down payment, which isn't always feasible in today's economy. We understand how important it is to not stretch yourself financially and provide a range of new vehicle specials to help you achieve that goal! If you plan on reselling your vehicle at a later date, the resale value may go down as time goes on, especially with all the technological advancements that keep hitting the market.
Visit Jim Glover On The River Today
When considering whether to buy or lease, take into account the miles you drive each year, your financial budget, and your behind-the-wheel lifestyle. Our team here at Jim Glover On The River is here to answer any and all questions so that you can drive off in your purchased or leased vehicle confidently. Shop on-site or online now!