Buy vs. Lease Your New Vehicle | Greenville NC | Winterville & Washington NC

Buying VS Leasing
Buy vs Lease

Buying vs. Leasing Your New Vehicle in Greenville, NC

There are many choices to make when shopping for a new vehicle, like what make and model you want and what features you're looking for. You also need to decide whether to buy or lease.

We want to help you with this decision, so we've made a list of perks of buying and leasing. Keep reading to find out which is best for you.

WHY LEASE A VEHICLE?

Freedom of Choice

Leasing allows you to keep your options open. You're able to drive a new vehicle every few years if you choose, and you can postpone the purchase decision without the inconvenience of having to sell or trade the vehicle.

Flexibility

Leasing terms generally range between 24 and 60 months. With shorter terms, you can make more affordable payments. You also have the freedom to choose your mileage. Lessees are normally given 12,000 or 15,000 miles per year, but you can purchase more miles at signing if you need a higher mileage limit.

Lower Payments

Leasing can greatly reduce your financial responsibility and monthly payments. That's because you're only purchasing the right to drive a vehicle for a specific period of time. Plus, if you're not ready to put down a large down payment, there are leasing options that require $0 down.

Hazard-Free Driving

Since most leases last for two to three years, your vehicle is usually protected with warranty coverage for as long as you have it.

True Convenience

If you'd like to keep your vehicle at lease-end, you can buy it at a predetermined price. If not, you simply return the car and pay any remaining fees (such as for excess mileage or wear and tear) and taxes. Either way, there's no need for you to sell it or trade it in unless it benefits you.

WHY BUY A VEHICLE?

Ownership

The main advantage of buying rather than leasing a car is ownership. Buying is a better choice if you plan to keep your vehicle for a longer time frame. Plus, when you own a vehicle, you can customize it to match your lifestyle.

No Mileage Limitation

When leasing, you need to calculate in advance how many miles you'll drive each year and pay fees if you exceed the mileage limit. But you don't have to worry about mileage restrictions when you finance. Ownership gives you the freedom to drive as much without collecting fees.

Payment Flexibility

If you choose to purchase your vehicle, you can either finance it or buy it outright with cash. If you buy with cash, you become the car's owner immediately and don't need to make monthly payments. If you finance, you have an extended period of time with a loan to pay off the vehicle. Financing will be more manageable if you obtain the most affordable, dependable and competitive rates possible, like what we offer here at Audi Greenville.

True Freedom

Once you finish your payment schedule, typically in four to six years, you own your vehicle. This means no more monthly payments, so you could place those funds towards your savings. You can keep driving the vehicle for as long as you want, or sell or trade it at any time.

If you happen to have any questions or would like to get to know us more, come visit us at 3001 Evans Street Greenville, NC 27858. We look forward to serving customers from Winterville and Washington, NC.

, ‚Äč