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Should I Buy or Lease?

Man and Woman Signing Contract
As you’re searching for the means to get behind the wheel of your next new vehicle near Harlingen, you’re likely wondering, “Should I buy or lease?”. The answer to whether leasing vs. buying is best for you depends on your situation. Buying and leasing both provide distinct benefits, and you can decide the best financial path for you by gauging your needs, what you need, and what you can afford. Discover the benefits that accompany leasing and financing. Contact us after checking out our guide to discover more about how to trade in your car when you buy or lease a new or used car!

Buying Benefits

  • Non-Restricted Mileage: As you’re traveling around McAllen and South Padre Island, you may want to consider buying if you foresee yourself driving a lot. Without the mileage limits on a leased vehicle, you are free to drive as frequently as you’d like!
  • Complete Ownership: Unlike leasing, buying a vehicle leads to total ownership. You’re free to enhance the vehicle as you’d like as there aren’t lease restrictions on modifications to consider.
  • Enhancements: If you’re looking to change your vehicle at all, you’ll want to purchase it outright so that you’re free to customize it to your heart’s content.
  • Salability: Since you’re not locked into a lease agreement, you can opt to sell your vehicle whenever you choose.
  • Financing: Car financing is more straightforward than car leasing and is open to those who don’t have great credit scores. When you finance, you can also refinance your car loan to decrease your monthly payments and interest rate.
  • Decreased Cost Over Time: Though buying a vehicle is initially more expensive, with complete ownership, your vehicle is less expensive over time compared to lease vehicles.

If you’re leaning more towards buying a vehicle, then learn how car financing works with the experts at Boggus Tipton Chrysler Dodge Jeep Ram.

Leasing Benefits

  • Decreased Payments: In the short term, vehicle leases offer lower monthly and down payments than purchasing.
  • Decreased Sales Tax: You’ll find that,in most states, vehicle leasing dramatically decreases sales taxes. You’re only required to pay taxes on the down payment and monthly payment amounts in certain areas.
  • Trade-In: When you complete your lease agreement, it’s easy to obtain your next leased vehicle. Go to your Brownsville dealership, cover any fees remaining, and you can be on the road in your next leased vehicle.
  • Excellent Coverage: Maintenance and warranty coverage are easier and often cheaper with a lease agreement vs. purchase financing agreement as any issue covered under your lease agreement (as long as you don’t exceed the mileage limit) should easily be repairable (and usually covered) under warranty.
  • Vehicle Options: Leasing grants you the freedom to consistently update your vehicle models every time you do a new vehicle lease. This grants you many options to help you find the perfect vehicle and features for you near Weslaco!

Explore Lease vs. Buying Options at Boggus Tipton Chrysler Dodge Jeep Ram

Regardless of what you opt for in lease vs. buying around Edinburg, you’ll want to remember that your best options are based on your financial situation and needs. Our expert finance team is here to help you make the right decision for you and also offers the convenience of applying for financing online. Explore all of our Chrysler, Dodge, Jeep, Ram offers and incentives, then visit us to discover your next new vehicle on terms that work for you!

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