When it comes to getting behind the wheel of your next vehicle, you have two main options: financing or leasing. Each has its own advantages and considerations, and the best choice depends on your individual needs and preferences.
Financing vs Leasing
When you finance a vehicle, you are taking out a loan to purchase it and make monthly payments until you own it outright. This allows you to drive the car for as long as you want without mileage limitations. You are also free to customize or sell the vehicle whenever you choose.
Leasing, on the other hand, essentially means you are renting the vehicle for a set period of time, usually two or three years. Monthly lease payments are generally lower since payments go towards the depreciation of the car during the lease term instead of the full purchase price. Leasing also allows you to drive a new car every few years with the latest features.
Contact Us to Learn More
The best option for you depends on factors like how long you plan to keep the car, your annual mileage, and your budget. At West Point Chevrolet, Inc., we offer flexible financing and leasing options. Contact us today to learn more about our financing and leasing solutions.