Leasing and financing each have their advantages, and the best choice for you depends on your specific needs and preferences.
Financing Your Vehicle Purchase
When you finance a vehicle, you are taking out a loan to pay for the purchase price of the car. You own the vehicle and make monthly payments, typically for four to six years, until the loan is paid off. The key benefits of financing include:
- You own the car and can keep it as long as you want
- There are no mileage limitations
- You can customize or modify the vehicle however you like
- Once the loan is paid off, you no longer have a monthly car payment
Leasing a Vehicle
When you lease a vehicle, you are essentially renting it long-term from the dealership. You make monthly lease payments for a set term, usually two or three years. At the end of the lease, you return the vehicle to the dealership. The benefits of leasing include:
- Lower monthly payments
- The ability to drive a new car every few years
- The car is usually covered by warranty for repairs
- You don't have to worry about trading or selling the vehicle
Contact Our Finance Center
Contact us today to discuss your financing and leasing options. Our team members can also help you take advantage of any current finance specials or lease incentives.