Car Buying Vs. Leasing At DeFOUW Automotive

Car Buying

The car research process can be extensive. With so many questions to answer, one may not know where to start. In order to give yourself a close estimate of the monthly cost for a vehicle you must consider whether you are looking to buy or lease the vehicle.

Why Lease?

A car lease is a short-term commitment mainly on the purchase of a new vehicle. Some benefits of leasing are:

  • Lower monthly payments
  • Minimized down payments
  • No trade-in provisions
  • Some new vehicle ownership privileges
  • Warranty coverage on leased vehicle
  • Option to purchase vehicle at end of lease agreement

Why buy?

Purchasing a vehicle is for a long-term ownership outlook. Some benefits of buying are:

  • Avoid mileage restrictions
  • Customize to your liking
  • Avoid wear and tear charges
  • Build equity through investment
  • Pride in ownership
  • No monthly payments after loan is paid

Have any questions specific to your case? Our Finance Center and our expert staff will help you every step of the way in your research process. Visit our Lafayette, IN car dealership today!