Should I Buy or Lease?

January 24th, 2019 by

2019 Jeep Cherokee

When shopping for a new vehicle, drivers from Grand Island to Hastings not only have to decide what type of car, truck or SUV best suits their needs, they also have to determine whether buying or leasing is the right choice for their budget. While there are unique benefits to both financing and leasing a car, the choice ultimately comes down to your own personal preference. So which will you choose? The finance experts at Midway Auto Dealerships are here to help you make an informed decision.

 

 

Benefits of Buying

Many Holdrege area drivers prefer owning their vehicle, so they choose to finance.

The key advantages to buying a car include:

  • Ownership – Your monthly payment helps to build equity, and at the end of your finance term length you’ll own the car outright. Finance term lengths usually run 36, 48, or 60 months.
  • Customization – Owning a car means it’s yours to do with as you please. Whether you want to get a custom paint job, add a premium stereo system, or install components to upgrade performance, you won’t pay a penalty for altering the vehicle.

Benefits of Leasing

Choosing to lease a vehicle means essentially that you are borrowing the car for an agreed period of time. Once the term length is completed you have the option to either purchase it or return it to the dealership. The advantages to leasing include:

  • Affordability – Vehicle leases usually come with lower down payments and lower monthly payments, allowing you to drive a brand new vehicle without putting too big of a dent in your budget.
  • The Latest Features – With the shorter 24 or 36 months term length of a lease, you can bring the car in when the lease is done and upgrade to a vehicle that is equipped with the latest technology, performance, and design features.

Explore Your Finance Options at Midway Auto Dealerships

If you’re still not sure whether to finance or to lease your next car, the finance specialists at Midway Auto Dealerships will be happy to help you determine which is the right fit with your budget. Take a look at our current financing and lease offers and incentives to find a great deal on the car, truck, or SUV you’re searching for. If you have any questions, please don’t hesitate to contact us, or stop by our CDJR dealership in Kearney today! Thinking about buying or leasing a new SUV or sedan? Explore the Dodge Journey configurations or compare the Chevy Cruze vs. Chevy Malibu to start exploring your options here at Midway Auto Dealerships.

 

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