Buying vs Leasing a Car
Brought to you by Pearson Auto Group
Are you looking for a new vehicle but you aren't exactly sure the best way for you to go about getting that new vehicle? Here at Pearson, our goal has always been to give our customers the information they need to make the best decisions for their lives. That's why today we are intent on discussing buying and leasing a vehicle, and how those two options give you the best way to make sure that you drive home in the vehicle that you've been waiting for. Both buying and leasing are great options when it comes to getting the right the right car. There is no wrong decision here, just figuring out what you can afford for monthly payments and your overall goal with owning a vehicle. Keep reading down below to find out more about buying and leasing a vehicle!
What are the benefits of buying a vehicle?
We can easily say that buying a vehicle can be a really great way for anyone to make sure that they are getting the car/truck/SUV that they're looking for. The biggest thing when you buy and finance a vehicle is the fact that you can keep it for as long as you want, in the end, after you finish paying it off, it's yours. You are allowed to do whatever you want with it, whether that's customizing it with unique accessories, or anything else inbetween. This can be a major benefit for anyone who has a personality that dictates that they need to make their vehicle specifically match what they need it for. It is important to note that monthly payments are usually fairly high, but this is because you are paying off the entire value of the vehicle. While the vehicle will depreciate, you own the cash value, and are allowed to do whatever you want with that. Also, this is important, if you are someone who drives a lot, there are no mileage restrictions with a vehicle that you buy! The last perk we're mentioning is that you don't have to worry about wear and tear unless you intend on selling at any point.
What are the benefits of leasing a vehicle?
The other option that we are checking out today is leasing. While some people might prefer all of the benefits and perks that you get when you buy a vehicle, leasing is equally as valid of a decision. The monthly payments that you make when leasing are much lower than they would be if you buy a vehicle, thanks to the fact that you are in charge of paying the depreciation during the lease contract, along with any interest charges. You also get to turn in your vehicle at the end of your lease, without any hassle, and pick up a newer vehicle. Leasing might be good for people who always want to drive around in the latest and most modern vehicles around. You should note that leases usually come with a limit of miles, which you can extended for an additional cost. Beyond that, you just want to keep your leased vehicle in great condition, and turn it in without any issues.
Buying and leasing at Pearson Auto Group
We have given you a peek behind the curtains to see what some of the benefits are to buying or leasing a vehicle. Remember, there is no wrong decision that can be made here, especially since here at Pearson Auto Group, our sales professionals will help you make the decision that suits your current financial situation. We are here to help!