Shopping for a new vehicle means that you have many decisions to make. Not only do you have to settle on which make and model you want, but you also have to decide if you want to lease or buy. If you're undecided, we can help! Below, we've highlighted several benefits of both options so you can decide which is the best choice for your lifestyle and preferences.
When you lease, you get to enjoy the flexibility of driving a new vehicle every few years, if you want. You won't have to make a purchase decision or deal with the hassle of selling or trading.
Most lease terms range between 24 and 60 months. Shorter terms usually come with more affordable payments. You can also choose your mileage. Lessees are typically allowed 12,000 or 15,000 miles per year, but if you want a higher mileage limit, you can purchase extra miles at signing.
Because you're only purchasing the right to drive a vehicle for a certain amount of months, your financial responsibility and monthly payments may be significantly reduced. Not only that, if you're not prepared for a large down payment, then leasing may be the best option for you since some leasing options require $0 down.
Since most leases last for two to three years, your vehicle should be covered by a warranty for as long as you own it.
When your lease ends, all you have to do is return the vehicle and pay any remaining fees (for excess mileage, wear and tear, etc.) and taxes. If you want to keep your vehicle when it's time to return it, you can purchase it at a predetermined price. The car is now yours!
Ownership is the greatest benefit of buying a vehicle. If you want to keep your vehicle for a longer time frame, then buying is your best option. You'll also be able to customize your vehicle to match your lifestyle and preferences.
When you own your vehicle, you're free from mileage restriction. Leasing requires that you calculate in advance how many miles you plan to drive each year. You'll get to enjoy the freedom to drive as much and as far as you want without collecting fees.
If you decide to purchase your vehicle, you can either finance or purchase it outright with cash. When you buy with cash, the vehicle becomes yours immediately, and you won't have to make monthly payments. If you choose to finance, you have a certain amount of time to pay off the vehicle. We can help you find the most affordable, dependable and competitive rates possible.
When your payment schedule is completed, typically in four to six years, you now own your vehicle. You can keep driving it without further payments, or sell or trade it whenever you want. You no longer have to make monthly payments, so you could put those same funds in your savings account.
To learn more, contact us today or visit us at 700 U.S. Highway 1 Vero Beach, FL 32962. We look forward to serving customers from Sebastian, Fort Pierce and Port St. Lucie.