When it comes time to get a new car, one of the biggest decisions you'll need to make is financing or leasing your vehicle. Both options have their own set of pros and cons that you'll want to carefully consider before moving forward.
Here at Buick GMC Sherman Oaks, we understand how difficult this choice can be. That's why our finance experts are always ready to walk you through the key differences between financing and leasing so you can make the best decision for your needs near Simi Valley.
Benefits of Financing
Financing allows you to purchase and own the vehicle. The car is yours after your loan term ends, with no further payments aside from insurance and maintenance responsibilities.
Some of the top benefits of financing include:
- You build equity: Your car becomes an asset that accrues value over time.
- Lower monthly payments: Financing stretches costs out over a longer period.
- Freedom to modify: You can customize or upgrade your paid-off vehicle however you want.
- No mileage limits: Drive as much as you want without worrying about fees.
Financing gives you pride of ownership and the option to keep your car as long as you want. It's a great choice if you value long-term use and flexibility near Thousand Oaks.
Benefits of Leasing
With leasing, Santa Clarita drivers have the vehicle for a fixed period and mileage limit. When your lease ends, you return the car unless you decide to buy it outright or lease again.
Some top perks of leasing include:
- Lower monthly payments: You only pay for the vehicle's depreciation. Drive a new car more often: Lease terms are usually two to three years.
- Get better-equipped vehicles: You can afford more features when you lease.
- Minimal maintenance: Many leases include free scheduled maintenance.
- No trade-in hassle: Turning in your lease is much easier than selling. Leasing allows you to always drive a new, well-equipped vehicle for an affordable monthly cost. It's ideal for people who like driving the latest models every few years.
Let Us Help You Decide
Here at Buick GMC Sherman Oaks, our finance experts will take the time to understand your unique situation. We'll explain all your choices in detail so you can confidently choose financing or leasing. We offer competitive rates to give you the best deal.
We also serve customers around the Burbank area. No matter where you live, we're ready to get you on the road to driving your perfect new vehicle.
Don't struggle with this big decision on your own. Contact our finance center today to start the financing or leasing process and get behind the wheel of your dream car.