When You Want to Buy Rather Than Lease a Vehicle

Depending on your personal desires, the decision to buy or lease from a car dealership in Bradenton each carries its own set of benefits and liabilities. If you seek a quick and easy fix for general transportation to and from work that avoids the sometimes complicated issues of long-term car maintenance and service, leasing may be the road to take. If you want a vehicle for the long haul that you can customize and tailor to your personal preferences, then consider going all out, taking the headlong plunge into a car purchase. Let’s take a peek at some of the advantages and disadvantages of each approach to putting you in the driver’s seat.

Advantages Vs. Disadvantages of Leasing

Leases reap the advantage of lower monthly payments than buyers who must pay finance charges, which is a huge plus in the short-term. However, the optimal benefits gained by those who lease are temporary in nature, merely avoiding transient costs. Here are a few more examples of the advantages of leasing:

• No initial down payment.
• Full protection under the dealership’s warranty, which covers you for the whole term.
• No requisite automobile inspections.

Conversely, the disadvantages may include:

• A lease is always a contract. Should you back out of it prior to the end of the lease term, you’re subject to whatever restrictions you initially agreed to. Read your documents carefully, and ask questions about anything you don’t understand.
• Unfortunately, these limitations sometimes include how much mileage you are allowed to accrue on the vehicle throughout the lease duration.
• You have to take exceptional care of the car. As the lessee, you’re responsible for any damages.

Advantages Vs. Disadvantages of Purchasing

Buying a car should not be an abrupt choice that you jump into overnight! It can be a somewhat lengthy and involved procedure. The longevity of owning is worthwhile for those who have spent weeks or months thinking it over. The advantages often include:

• Monthly payments go directly to paying off your own permanent asset — not to the dealership’s lease.
• You can take care of the car however you want, including adding any accessories or customization you see fit.
• You can put on as many miles as you want. Drive as frequently as you want at your leisure!

Nearly all of the advantages to buying are long-term. For some, these upshots outlast and outweigh the brief inconveniences that buying entails. Likewise, most of the disadvantages to buying are short-term. If you can deal with the following minor hassles, you may want to consider buying:

• Finance charges tagged onto your regular payments.
• Slapping that first chunk of money down on the table (initial down payment).
• Bearing the cost of an occasional repair here and there.

Whether You Choose to Buy or Lease, Cox Chevrolet’s the Place to Go

Whether you’re leasing or buying, just fill out our form to be approved for financing and we’ll have you squared away with your new or used vehicle in no time. It doesn’t matter if you’re someone who becomes attached to your car, names it, and falls in love with it, or if you’re only using the car temporarily for business matters — we’ll find a way to finance it just for you.

Click here for directions to our location in Bradenton.