With all the decisions that come with car shopping, debating whether to finance vs lease is a big one. There are perks to both, it’s just a matter of which route best serves your needs. We’re weighing both of your options at Peruzzi Buick GMC.
Leasing Has Lower Monthly Payments
If you’re looking to cut costs, leasing is traditionally your best option. Typically, leases can be secured with lower monthly payments since you’re only paying for the depreciation of the vehicle during your lease. Plus, you normally don’t have to put as much down upfront for a lease either.
Financing Can be Less Expensive in the Long Run
When it comes down to it, financing is oftentimes more affordable in the long run. When you finance a vehicle, you’re working towards owning it. Once your vehicle is paid off, fuel, service, and insurance will be your only auto expenses.
Leasing is More Convenient
Do you love consistently upgrading to the latest and greatest models with the newest designs and technology? Most leases last two to three years, and then you bring your vehicle back to the dealership to purchase it or sign a new lease. This is a convenient way to continuously upgrade your vehicle, without any selling hassle involved.
Financing Has Less Restrictions
Since you are essentially renting a leased vehicle, it comes with several restrictions. You can only drive it an allotted amount and need to ensure that it’s meticulously maintained. A financed vehicle is yours and can be customized and driven however much you’d like.
Visit Our Fairless Hills, PA Dealership to Shop Today
You can easily apply for financing or a new lease at Peruzzi Buick GMC. We have a quick and convenient application process. Stop by to get started today!
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