Buying VS Leasing

If you’re in the market for a new car, then you might be considering whether you should buy it or lease it. Whereas buying, both outright and financing with a loan, means you own the car, leasing is like borrowing the car for an extended period of time. It’s like buying a house vs. living in an apartment. One option may be a better choice for one driver, while the other is a better choice for another driver, but neither is inherently worse.

Reasons to Lease

Leasing is a great option if you don’t want to make a long-term commitment to a car. Sure, if you buy you can always trade it in for a newer model, but that process is much quicker and easier with a leased vehicle and involves a whole lot less interaction with your bank. You may want to lease a car if you like staying up to date with the new technologies coming out.

Leasing is also less expensive—you’re only paying for the cost of the vehicle’s depreciation over the time you have it, rather than the full cost of the vehicle. Therefore, monthly payments are much lower. This also means that you can afford to lease cars that would regularly be out of your price range if you were buying.

Reasons to Buy

Buying is also a good option, though. If you have the funds to pay the higher monthly payment and you’re ready to commit long-term to a car, then buying is smart because you’ll eventually pay off the car and not have any payments anymore. Continuing to lease cars means you never get that benefit.

You also have total control over your vehicle if you buy it. Leased vehicles have mileage limits, usually around 12,000 miles per year, and if you do a lot of driving that can be a big problem. Buying lets you put as many miles on your car as you want, customize it, replace things in it with aftermarket parts, and so on.

Visit Russell Chevrolet Company Today!

Whatever you decide to do, we can help you buy or lease an amazing new car at Russell Chevrolet Company. If you still need help choosing between buying and leasing, just give us a call!

Phone Numbers:Sales Hours:
  • Mon - Fri8:30 AM - 7:00 PM
  • Sat9:00 AM - 6:00 PM
  • SunClosed
Concierge Hours:
  • Mon - Fri7:00 AM - 5:30 PM
  • Sat - SunClosed
Service Hours:
  • Mon - Fri7:00 AM - 5:30 PM
  • Sat8:00 AM - 1:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:00 AM - 5:30 PM
  • Sat - SunClosed
Body Shop Hours:
  • Mon - Fri7:30 AM - 5:30 PM
  • Sat - SunClosed

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Russell Chevrolet Company 34.81212, -92.20399.