A common question for our team pertains to whether leasing or buying is better. This is a tough question, as it’s different for every driver. It depends on your budget and your lifestyle. Either could be a good investment. So, what are the differences between these two models?
Buying a vehicle is usually the go-to option for drivers. This is because you get to own the vehicle when you do so. And while buying a car does give you that freedom on the road, it’s also expensive to buy a car. Not only do you need to get your credit checked, but you also need to have a down payment. Additionally, your monthly payment is dependent on the length of your loan and your APR. These factors often result in a higher monthly payment. Depending on your budget, this can make buying a difficult prospect.
Leasing, on the other hand, offers more financial flexibility. Leasing is often less expensive per month than buying. This means you can invest in higher-end models without worrying about breaking the bank. However, leasing has less flexibility when it comes to your driving experience. That’s because leased vehicles have to abide by a mileage parameter. If you exceed your allotted miles, you are usually charged a few cents per every extra mile. Additionally, leased vehicles need to remain in good condition. That makes them not ideal candidates for long-distance drives.
Regardless of which option you pick, our team at Atlanta Toyota will be here to help you. We can answer any questions you may have. We can even provide you with insight into the purchasing process.
If you would like to learn more, stop by our dealership in Duluth, GA. Our team would be proud to assist you.
We look forward to assisting you!
