Buying vs Leasing

Lease Deals Highland MI

Drivers around Highland, Hartford, or Milford, Michigan who are in the market for their next automobile have many options to consider. Among these is the important decision between whether to buy or lease the vehicle you end up choosing.

Because we here at Feldman Chevrolet of Highland are dedicated to assisting our neighbors when it comes to all things automotive, we have put together the following information for you to check out that presents a few of the highlights that work in favor of both options. Continue reading to get one step closer to determining whether buying or leasing is the better route for you to take.

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Top Reasons to Buy Your Next Car

Cars for Sale Highland MI One of the foremost pros when it comes to buying a car is the fact that it will be all yours once the financing is paid off. With this comes the fact that you have the option of trading it in and using the money that you receive from its remaining value toward purchasing your next vehicle or keeping it even longer.

On the other hand, if you want to end your lease early, you will likely have to pay a penalty in order to terminate the lease prior to it ending.

Additionally, your credit score usually doesn’t have to be as high when you’re buying as it does when you’re leasing.

Key Leasing Benefits

When you lease, you’re not financially responsible for the entire value of the car like you would be if you were purchasing it. You will only be paying for it for the term of the lease. The result of this fact is that your down payment and monthly payments are commonly lower. In fact, there’s even a possibility that you won’t even have a down payment.

Another pro for the lease column is that you’re probably not going to have to contend with a lot of maintenance issues. This is made possible by the fact that the vehicle you will be leasing will be new and under warranty.

If you appreciate having the latest technology at your fingertips, leasing on a regular basis lets you see to it that you’ll always have access to the most advanced gadgets and safety features.

When your leasing is over, you won’t have to worry about trading the vehicle in with a reduced value. The only thing you will have to do is take it back to the dealer and begin the process of deciding which car you’re going to lease next.

Buying vs Leasing: Which will it Be?

Whether you’re still unsure if it’s buying or leasing that’ll be the better option for your particular needs or you know which one that you’re going to choose, Feldman Chevrolet of Highland would like to be a part of your car-buying journey. If you live or work near Hartford, Milford, or Highland, MI, you’re welcome to contact us today to schedule a convenient time for you to take a test drive.