Choose Between Buying Vs. Leasing - Temecula Valley Buick GMC
Buying vs. Leasing Your New Vehicle in Temecula, CA
While shopping for a new vehicle can be a lot of fun, it can also be a bit overwhelming with all of the decisions that have to be made. After you've chosen the perfect vehicle, there is yet another decision to be made: should you lease or buy? If you're undecided as to which option is the best for you, we've listed the benefits of both buying and leasing below to help you make the right choice.
Why Lease a Vehicle?
Freedom of Choice
One of the best reasons to lease your new car is the freedom it gives you to drive a new vehicle every few years if you want to without committing to a vehicle long-term. Plus, you won't have to deal with the hassle of selling or trading.
Flexibility
Leasing terms usually last between 24 and 60 months, and a shorter term lets you make more affordable payments. You can also choose your mileage. You will typically be allowed 12,000 or 15,000 miles per year, but if you need a higher mileage limit, you'll be able to buy more miles at signing.
Lower Payments
Because you're only purchasing the right to drive a vehicle for a limited amount of time, your financial responsibility and monthly payments may be more affordable when you lease than if you bought the vehicle. If you're not prepared to make a sizeable down payment, then leasing may be better for you since some leasing options don't require a down payment.
Hazard-Free Driving
Most leases last two to three years, and the vehicle will likely be covered with warranty protection for the entire duration. That means you get to enjoy more peace of mind!
True Convenience
When your lease is up, all you have to do is return the vehicle and pay any remaining fees or taxes. Fees might be required for any excess mileage or wear and tear. If you love your vehicle and want to keep driving it, you can choose to purchase it for a predetermined price.
Why Buy a Vehicle?
Ownership
Owning your vehicle is a great reason to buy your next vehicle. If you plan on keeping your vehicle for the long haul, then buying is the better choice. And when you buy instead of lease, you have the option to customize your vehicle just how you like it.
No Mileage Limitation
Another great reason to buy is that you don't have any mileage restrictions. While leasing makes you calculate in advance the amount of miles you'll drive each year, ownership allows you the freedom to drive as much as you want without collecting any fees.
Payment Flexibility
You have two choices when you buy your next vehicle: you can either finance it or purchase it outright with cash. If you buy with cash, the vehicle becomes yours right away and you won't have to make any monthly payments. When financing, you'll be given a certain amount of time to pay off the car. For best results, we strongly recommend that you find the most affordable, dependable and competitive rates available, like what we offer here at Temecula Valley Buick GMC.
True Freedom
When your payment schedule (which usually takes four to six years) is completed, the vehicle is officially yours. You can choose to keep driving it for as long as you want without making further payments, or you can sell or trade it at any time. It's up to you! If you want, you can now put the same amount you were paying as your monthly payment into a savings account.
For further questions about whether leasing or buying is the right choice for you, come visit us at 27420 YNEZ RD, Temecula, CA 92591. We look forward to serving customers from Murrieta, Lake Elsinore, Perris, Wildomar and Corona.