When you decide to purchase a new vehicle, there are crucial decisions you may have to make. One of the pertinent questions in front of you is: Should you lease a car or buy it? In this situation, it mostly depends on your priorities. For some, it’s about a less expensive option, while for others, it’s about the benefits of ownership.
Are you confused about the distinction between the two? Mac Haik Dodge Chrysler Jeep Ram of Georgetown provides a detailed overview of the differences between buying and leasing a car to make an informed decision. Before we dive into the differences, let’s first understand what it means to lease and buy a car.
When you lease a car, you’re paid to drive it for a certain period, i.e., usually 36 or 48 months. There are restrictions on how many miles you can drive and the type of upgrades and modifications you can undertake. After your lease period ends, you can either return the vehicle or buy it at a predetermined price defined in the lease contract.
Meanwhile, when you buy a car, you immediately get its title. You own it outright if you pay for it in cash or after your loan is paid off. Thus, you have complete control over the vehicle. You can accessorize it and drive it without any curtailment. Furthermore, you can keep it, trade it, or sell it.
If you’re unsure whether to buy or lease a car, the financial experts at Mac Haik Dodge Chrysler Jeep Ram in Georgetown, TX, will help you!
When you buy a car, it is yours to keep for as long as you choose to. You’re not obligated for fees related to mileage and additional penalties for dings and dents. What’s more, you can change its exterior or interior design as you please.
If you’re interested in buying a car at Mac Haik Dodge Chrysler Jeep Ram in Georgetown, TX, you can rest assured that you will get the best deal. Apart from affordable prices, you can take advantage of the discounts and promotions. In case the financials of a brand-new car don’t fit in with your planning, you can opt for a pre-owned vehicle from our extensive inventory. In the long run, a better financial decision would be to buy a car.
If you like to buy the latest models with upgraded technology, then leasing a vehicle is the way to go. Typically, leasing works for drivers who don’t need a car for more than a couple of years or drivers who like to experience the thrill of driving a new car every few years. Payments for leasing a vehicle are less than financing. Moreover, you don’t have to worry about selling your vehicle when the lease is up.
Either way you decide to go, Mac Haik Dodge Chrysler Jeep Ram of Georgetown will be an ally every step of the way. We strive to provide you with whatever you need within your price range. Visit us or give us a call today!