Is It Better to Lease or Buy at McGuire Buick GMC?
There is a huge difference between leasing and buying, but the superior option all depends on what you’re looking for. At McGuire Buick GMC, we’re excited to be your automotive guide regardless if you’re interested in our GMC lease deals or Buick financing specials.
Leasing vs. Buying: What's the Difference?
When you purchase a car, you typically use an auto loan to better afford it. Auto loans can vary in length and amount, but they are meant to be paid off over time with regular monthly payments.
Throughout this pay-off process, you are the vehicle’s sole owner, and as a result, you have the freedom to do whatever you want with the car. However, auto loans can be somewhat expensive for some drivers, even with a substantial down payment. You’ll also be expected to drive the vehicle for quite some time, meaning it will eventually feel outdated next to newer models.
On the other hand, leasing serves as a cheaper option as it allows you to constantly drive new vehicles. When you lease a car, you’re agreeing to temporary ownership, and you will eventually have to give it back to the dealership at the end of your lease.
Since you’re not financing for the total cost of the vehicle, you end up spending less per month when you lease. Once your lease is up, you have the option of driving another new model. It is important to note that fees can occur at the end of your lease, especially if you exceed your vehicle’s mileage limit.
Lease or Buy at Our Buick and GMC Dealership
If you’re still unsure which option best fits your needs, our experts at our Buick and GMC dealership are here to help. Here at McGuire Buick GMC, we strive to keep you fully informed so you can make the best decision for your auto-related needs.