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    Buying vs. Leasing – What’s the Difference?

    If you’re like most drivers in Sarasota or Tampa shopping for a new vehicle, then there’s a good chance that you’re working on a budget. This means you probably won’t be paying for your new car up front. Instead, most people who shop here at Cox Chevrolet will choose to finance or lease their new vehicle.

Benefits of Buying Your Vehicle

Woman shopping for new chevy

Many people who come to our dealership from Palmetto and the surrounding areas want to finance their vehicle. There are a variety of different advantages, including:

  • Ownership – Each monthly payment you make on a financed vehicle is helping you build equity. By the time you finish paying off the vehicle – usually 36, 48, or 60 months – you’ll own the car outright.
  • Customization – When you own your car, you can do what you want with it. Add a custom paint job, put in a custom stereo system, or install performance-enhancing equipment. You won’t be penalized for making it your own.

Benefits of Leasing Your Vehicle

The other option is to lease a vehicle. With this option, you borrow the vehicle for a period of time and have the option to purchase it or return it when the lease term is up. There are also a variety of different advantages to leasing a Tahoe or other Chevrolet model as well:

  • Affordability – In general, vehicle leases come with lower down payments and lower monthly payments. This means that you can afford to drive a nicer vehicle for less, while keeping more money in your account every month of your lease.
  • Newest Features – Leases usually come with shorter terms than financing plans, usually 24 or 36 months. This means that as soon as your lease is done, you can bring it in and get a new lease on a vehicle with the latest technology, performance, and design features installed.
Couple signing paperwork for their new Chevrolet car

 

Explore All Your Finance Options at Cox Chevrolet

Which is the better option for your next car? Visit Cox Chevrolet to take a test drive, compare models like the Chevy Bolt to the Nissan Leaf, and chat with our finance staff to learn more about how car financing works or how the trade-in process works. Contact us to learn more or visit our showroom in Bradenton.

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