Should I Buy or Lease?

young couple at dealership

Interested in upgrading with a new truck or an affordable sedan? What about a highly capable SUV? No matter what kind of model you settle on, you’ll eventually have to answer the question, “Should I buy or lease?” The answer should ultimately be based upon your personal finances and unique needs as a driver, but it’s worth noting from the outset that there are benefits to either choice.

Explore the difference before visiting your local Sandy Sansing dealership near Pensacola!

Lease vs. Buying: Reasons to Finance Your Purchase

  • Drive Without Restrictions: If you want to maximize your freedom to take road trips and travel as you please, you’ll definitely appreciate the benefits of buying. Leasing contracts generally include mileage limits.
  • Make Your Vehicle All Your Own: Total ownership is a major boon to drivers who like to modify their vehicles or equip a few of their favorite accessories. With a lease, you’ll be prevented from making major modifications.
  • Build Wealth and Sell When You Please: As you pay off your auto loan, you’ll come closer to possessing real material wealth! With a lease, you’ll never own your vehicle unless you choose to buy out the contract at the end of your term. The other benefit of ownership is that you can sell whenever it suits you, even if you’re still making payments.
  • Shop Around for a Great Deal: Leasing contracts are generally set up through the dealership. With vehicle financing, you’ll have the option to apply through the dealership, get a loan from your bank, or pursue some other option entirely. It’s truly up to you!

Whether you decide to purchase or lease your next vehicle, you can reduce your payments by learning how to trade in a car, getting an estimate with us, and putting the money towards your down payment. If you do decide to buy, remember that you can save by buying used! Just make sure to find a model with good mileage.

Lease vs. Buying: Reasons to Sign a Lease Contract

  • Pay Less Upfront and Month-to-Month: When you lease, you’re essentially paying for the vehicle’s depreciation. Instead of paying the entire purchase price of the vehicle (and being taxed for the whole amount), you’ll only pay for what you use!
  • Trade-Up Easily, and More Often: Everyone wants to stay in the newest models, but if you purchase your vehicle, you’ll have to list and sell your vehicle every few years for the privilege. With leasing, trading up for a new vehicle is as easy as coming into the dealership and paying any remaining fees on the expiration date of your contract.
  • Your Maintenance is Covered: Since the dealership remains the final owner of the vehicle, it’s in their interest to make sure you receive all the necessary maintenance your vehicle needs. As long as you’re within your mileage limit, anything that falls under the warranty will be covered.
  • Get Approved Quickly: Even if you have less-than-ideal credit, you may be able to get approved for an auto loan. However, for drivers with lower-than-average scores, getting approved for a lease is often much easier, and less stressful.

With leasing contracts and auto loans, it’s important to compare your options before you make a final decision. Take advantage of our online car payment calculator to manage your month-to-month costs. If you are a first-time car buyer, our team can help you learn how to buy a car with no credit today!

Take the Next Steps with Sandy Sansing

No matter which option you’ve settled on, the team at your local Sandy Sansing can’t wait to see you behind the wheel. Check out our new vehicle inventory and start exploring your options near Ferry Pass and Cantonment, today! We can even help you compare top picks, like the 2019 Ford F-150 vs. Silverado 1500 and find the latest Silverado prices. Don’t forget to check out our rotating special offers and incentives, too! When you’re ready to get started, apply for financing or contact us to learn more about your lease options.

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6200 Pensacola Blvd. • Pensacola, FL 32503

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