Lease or Buy: Which way Should I Go?

What you get is what you give, or so the saying goes. This is especially true when it comes to buying or leasing a car, truck, or SUV. There are several differences between the two options. What it basically comes down to is paying for a product versus paying for a service.

When buying a car, the final payment is just that and the property is turned over to you legally. When leasing a car, at the end of the lease, the vehicle must be returned assessed for a resale, and a new car is then leased.

Also, there are nuanced differences when it comes to the amount of money paid when buying versus leasing. For the most part, it is more expensive per payment to buy a vehicle. However, because there is a tangible object at the end of the payments, many people go for that option. Fans of the latest tech often find themselves leasing vehicles for the experience and the love of driving something with all the bells and whistles. If you have questions or want to test drive a new vehicle, contact our team today.