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Reasons to Buy or Lease a Car

Buy or Lease
To Buy or To Lease? That is the Question.

One of the most important decisions you make while looking for a new car is whether to buy or lease. Each option has its own benefits and downsides, but your final decision can truly depend on your lifestyle and financial situation. To make the decision between buying or leasing a bit easier, here are a few pros and cons for each: Buying When you purchase a car rather than lease it, it becomes yours. This allows you to modify the vehicle in whatever way you want. Buying a vehicle can be more expensive at first, since it typically has a higher down payment than leasing a vehicle. Eventually, though, you won’t have to pay your monthly payments any longer. The biggest downside to buying a vehicle has to do with the warranty. Typically, paying for vehicle repair falls on you once your vehicle’s warranty expires, which can be quite expensive. Leasing The majority of leases come with warranties that last for the entirety of the lease, ensuring the car is covered for service. Leasing is also cheaper at first glance with a small down payment getting you a lot of bang for your buck. When you lease a vehicle, though, your new vehicle has a restricted amount of miles you can travel. If you go over these miles, it’s likely you will have to pay a significant fee. You also can’t modify the vehicle at all during your leasing period. Whether you decide to buy or lease your next vehicle, Ewing Buick GMC in Plano, TX has great you will want to check out today.