What’s the difference between leasing and buying? These are your two main options when you want to bring a vehicle home to Albuquerque, whether it’s new or used. Leasing a vehicle means you pay each month to drive the vehicle, but you don’t technically own it—and you’ll return it to the dealership when your lease term is up. Unless you’re paying upfront, buying a car is the same thing as financing, which means you are taking out a loan to cover the cost of the car. When you finish making your payments, you own it.
So, should you buy or lease? Both involve taking out a loan, but there are some important differences to keep in mind as you decide which path makes the most sense for you. We’ve outlined the pros and cons of leasing vs. buying in the guide below to help you make the call.
If you find a car you love and want to drive for the foreseeable future, you’re probably better off buying it. Financing offers perks such as:
So, should you buy—or is leasing the better option? One isn’t better than the other, but it’s important to determine which is the better fit for your lifestyle and budget. Leasing has its own unique perks for Espanola drivers, including:
Just like any method of vehicle purchasing, leasing a new vehicle in Albuquerque is a big deal—and should be entered into only if you know that it’s a good fit for you and your financial situation. Now that you know how to lease a car, get a hold of our auto finance experts at (505) 780-4763, and we’ll talk you through whether leasing or financing is right for you!
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