Leasing a Vehicle VS Buying a Vehicle

Lease a Car or Buy the Same—Which is the Better Option?

As mentioned earlier, leasing or buying a car is a choice that depends on your preferences. The amount that you must pay every month once you lease a car is usually lesser than for a loan. Also, you can either purchase the car at the end of your lease term at the price mentioned in the contract or get a new car every few years without having to worry about its resale value. Plus, most new cars come with a warranty for three years. Therefore, if you lease a car for a period of three years, you have pretty much nothing to worry about when it comes to its maintenance.

However, leasing a car often leaves you with little flexibility. With leasing, you do not get to build any equity which is a major drawback. You pay every month for the car without actually owning it, which might be off-putting for many. Purchasing a car, on the other hand, means that you own the car for as long as you want. You also do not have to pay the extra fees on your car loans that you need to pay for a lease. The decision to sell or exchange your car as and when you want resides with you. Therefore, for people who are all game to take up the responsibility of owning a car and the costs that come with it, buying a car might be a great option.

That said, if you decide to purchase a car, you can always find the right car for you and your family at our dealership. With Freeman Motor Company, you are spoiled for choices. Contact one of our representatives today to learn more about our lease and purchase options.