When you’re in the market for a new vehicle you might have a lot of questions, especially in the beginning. What brand are you looking to shop? What type of model are you interested in? Which dealership should I go to? Is this even a good deal?  And many, many more. But one of the most important question you should ask yourself is should you lease or buy. Now there are some of you who are die-hard lease fans and others that will never think about leasing, but if this is your first time getting a vehicle or maybe you’re looking to switch, then this week’s blog is for you.

There is no right or wrong answer. In fact, there isn’t one better than the other. Buying and leasing are very different but depending on your lifestyle you’ll find one of them will work a lot better than the other. If you are a city goer and use public transportation more often than not, leasing might be the best option for you. If you’re a free soul who likes to jump in your vehicle and hit the open road, buying might be best for you.

There are a lot of factors that go into your decision and we want to help make it easier. We listed out the pros of leaving verse the pros of buying, check the lists out below. If you find yourself leaning one-way or another then that is probably the way to go. If you are still unsure what to do, talk to your sales consultant and ask what they think would be best for your lifestyle!

The benefits of leasing a new vehicle:

• Drive the newest models with the newest technology
• Lower monthly payments & little to no down payment
• Lower out-of-pocket costs upfront & no upfront taxes/ fees to worry about
• Never worry about becoming upside-down on a loan
• Selling your vehicle is a thing of the past
• Many leases are covered under warranties

The benefits of buying a new vehicle:

• No mileage restrictions holding you back
• After your final payment, the vehicle it totally yours
• Don’t worry about excessive wear/ tear fees  
• No fixed ownership over the vehicle, sell when you want
• The vehicle is customizable to how you want  
• Your credit doesn’t need to be spectacular