Buy or Lease Your Next Vehicle at South Motors INFINITI

March 23rd, 2022 by

Woman going over details on digital tablet pc with a Man next to car

Buy or Lease Your Next Vehicle at South Motors INFINITI

Deciding Between Leasing or Buying Your Next Vehicle

Making an informed decision between buying or leasing a new car may be overwhelming to any shopper. While buying or leasing a car could be presentable options, they depend on your needs, preference, and budget.

Buying a pre-owned vehicle and using it for some years after you’ve completed the payment seem like the most cost-effective option in the long term. However, leasing affords you the opportunity to enjoy the cutting edge technology and latest safety features in a new vehicle without breaking the bank.

Keep reading to know the leasing vs. buying car pros and cons, and be in a better position to kick-start an excellent auto finance process. Afterward, if you still have some questions, feel free to stop by South Motors INFINITI any day for help.

Top Benefits of Buying a Car

Opting to buy a car is a good investment that depends mainly on your existing budget. When you take out a car loan from any lending institution, you will have the freedom to drive long miles and enjoy the beautiful moments on the road.

You will keep making monthly loan payments until the loan is fully repaid, after which the car becomes all yours. Then, you can treat the vehicle in any way that pleases you without being penalized. You can also keep it for as long as possible or sell the car to buy a new one.

How About Leasing?

When you lease a car, you reach an agreement with a leasing company to drive it for a set term, during which you make monthly payments often less than the cost of buying a new car. However, you must return the vehicle at the end of the lease term, in a healthy condition in order to avoid the unnecessary wear and tear charges, or purchase at a pre-arranged price.

If you are a car lover who takes pride in announcing yourself in new rides, leasing is the best alternative. In addition, your payment will be kept relatively stable when leasing the same make and model of car. However, a car lease agreement usually includes a mileage limit pegged at around 12,000 miles in a year for a standard lease.

Convenient Buying and Leasing Options at South Motors INFINITI

Before you lease vs. buy a car, draw a close analysis between both options to make a good choice. When you desire newer better-equipped vehicles, buying could prove challenging due to higher expenses, unlike leasing. Leasing also gives you a chance to use a car in its trouble-free years and with better coverage.

The upside of buying, however, is that you will build equity in your vehicle and won’t have to worry about extra costs like additional mileage and repair, which leasing is known for.

At South Motors INFINITI, we will be glad to help you make an informed decision during your auto financing process. Schedule a meeting with us today!

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