Lease vs. Loan

Depending on your situation, buying a car or leasing a car can be a better option. Here are a few of the benefits of buying vs. leasing.

Buying a Vehicle

  • You can fully customize and modify your car the way that you like.
  • When the payments have been completed you can use the equity in your car to help you buy other things.
  • The wear and tear on the car lowers your cars resale or trade-in value.

Leasing a Vehicle

  • You are not allowed to do any customizations or modifications that leave permanent damage. You will be responsible for fixing any issues with the car.
  • At the lease's end, you can finance the purchase of your car or lease another new one.
  • If any damage to your vehicle exceeds what is normal wear and tear, your lease will hold you responsible.
Come ask a representative at the dealership today about any questions you have about financing.
Categories: Finance

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