When it's time for your next vehicle, one of the biggest decisions is whether to lease or finance it. Both options have their advantages depending on your unique needs and preferences.
Leasing vs Financing
The best option for you depends on factors like your budget, how much you drive, and how long you plan to keep the vehicle. Leasing can make sense if you want a lower payment and a new car more often. Financing is often better if you drive a lot, want to build equity or plan to keep your car long-term.
Some key benefits of leasing include:
- Lower monthly payments compared to financing
- The ability to drive a new car every few years
- Easy trade-ins at the end of the lease term
- The car is typically covered under warranty for repairs
The main advantages of financing include:
- You own the vehicle once the loan is paid off
- No mileage restrictions like with leasing
- The ability to customize or sell the car as you wish
- Can be more economical long-term if you keep the car for many years
Contact Us to Learn More
Still not sure whether leasing or financing is right for you? The experts at Ramey Automotive Richlands are happy to discuss your options and current promotions.