When it's time to get a new vehicle, one of the biggest decisions is whether to lease or buy. Leasing a car means you make monthly payments to drive it for a set period, typically a few years, before returning it to the dealership. Buying a car means it is yours and you'll make payments until you own it outright. Take a closer look at the various pros and cons of leasing vs financing, and make a more informed decision when shopping with us at Graff Chevrolet Mt. Pleasant.
Benefits of Leasing a Vehicle
Many drivers find leasing a more attractive option, thanks to the lower monthly payments compared to financing a car purchase. Since you're only paying for the vehicle's depreciation during the lease term, not the entire vehicle cost, payments are often lower than for a financed vehicle. It also allows you to drive a brand-new vehicle with the latest features every few years, which is appealing if you enjoy staying up-to-date with vehicle technology and design.
Leased vehicles also have manufacturer's warranty coverage for the duration of the lease, which means fewer out-of-pocket expenses for maintenance and repairs compared to buying a car, especially an older used one. It's also more flexible to lease. At the end of the term, you can simply return the vehicle, start a new lease, or purchase a new or used vehicle from our lot. You won't have to worry about selling it on your own, which can be a time-consuming and stressful process.
If you tend to drive a constant manageable amount of miles each year, leasing tends to work great, as lease terms include mileage limits with fees for overages. It's also ideal if you prefer to always drive a new vehicle and aren't bothered by the lack of ownership. Drivers in the Mount Pleasant area can find great lease options on new models at Graff Chevrolet Mt. Pleasant.
Benefits of Buying a Vehicle
The biggest perk of buying a car is that it is yours. You can customize or modify it however you want, drive it as much as you'd like without worrying about mileage penalties, and sell it whenever you're ready for something different. Buying tends to be more cost-effective than leasing in the long run, especially if you pay off the loan and keep the car for several years.
Unlike leasing, there are no restrictions or charges for wear and tear when you own a vehicle. This makes buying a better choice if you are hard on vehicles, do a lot of driving, and don't want to stress about potential penalties. Midland car buyers interested in their next car can browse our impressive new and used Chevy inventory at our Mt. Pleasant sales lot.
When you own a car, you have the ability to use it as a trade-in towards the purchase of a future vehicle. While leasing has lower monthly costs, buying can be the more economical option overall if you tend to keep vehicles for the long haul. Customers around Grand Rapids who prefer to purchase their next car should visit the Graff Chevrolet Mt. Pleasant sales lot to explore their options.
Explore Lease and Finance Offers at Graff Chevrolet Mt. Pleasant
Deciding between a new vehicle lease or a purchased new or used vehicle comes down to your budget and long-term driving plan.
- If you prefer driving new cars with the latest features or have a tight monthly budget, leasing may be the most sensible option.
- If you spend a lot of time driving and like to keep your car for years, buying may be the most cost-effective choice.
The friendly team at Graff Chevrolet Mt. Pleasant proudly serves drivers throughout St. Louis, helping customers choose a leasing or buying option.
Start searching for a new Chevy car, truck, or SUV by visiting our showroom today at Graff Chevrolet Mt. Pleasant. Work with one of our finance experts to explore each option, finalize the paperwork, and take possession of your truck. We're conveniently located for car buyers from Alma to St. Louis, and throughout central Michigan, Graff Chevrolet Mt. Pleasant is your go-to dealer for new Chevy sales, service, and finance.