Should I Buy Or Lease?

Many drivers are wondering, “Should I buy or lease my next vehicle?” This is a question we hear a lot. That’s why we’ve created this helpful guide to help drivers compare buying and leasing. Take a look at the benefits of both buying and leasing to find the one that’s right for you and your financial needs with our finance team.

Reasons to Finance Your New Chevrolet

Buying a new vehicle no matter if new or used can be a great option, especially if you’re looking to own. If you’re on the fence, here’s why you should choose to finance instead of lease:

  • The car belongs to you for as long as you like. You don’t have to return the car to the dealership. 
  • There are no mileage limits when you own your Chevy. That means you can take road trips from Griffin without worrying about limits.
  • Buying gives you more customization options. You’re free to pursue your favorite accessories or modifications.
  • Sell your car or trade it in if you’d like. It belongs to you, and you’ll be able to use the trade-in value in any manner you like.
  • Financing a car is more straightforward than leasing. You can even apply for financing online. 
  • Over time, financing will tend to save you money. That’s because you will likely keep a car you own longer than a car that you lease.

Reasons to Lease Your New Chevy

If long-term ownership doesn’t interest you, and if you’d rather upgrade model years when your lease term ends, leasing is for you. Here’s why you should lease instead of buying:

  • Expect a lower down payment and smaller monthly payments when you lease a new Chevy. 
  • Sales taxes will also be lower since you don’t own the car outright, and you usually only pay tax on the total value of your leasing contract.
  • Once you’ve leased your first vehicle, it’s relatively simple to trade it for your next lease. Just pay any remaining fees on your old car and choose the next model you’d like to drive.
  • You won’t have to worry about negotiating, a common practice for drivers who trade in or sell their old vehicles.
  • Stay up-to-date with new models when you lease. Most leases last about 3 years, making it easy to upgrade often.
  • As long as you’re under your mileage limit, your warranty coverage will protect your car. 
  • It’s easier to get approved for a lease than it is for a car loan. Even if your credit isn’t great, you can still drive a reliable new car. 

Leasing a Certified Pre-Owned Chevy

Not all dealerships offer used car leasing options, but it is possible. The process is simple. You would simply have to check our inventory, take a look at our Certified Pre-Owned lease deals, and contact our finance team. We can help you save more on the model you want to show off around Forsyth.

Learn More With the Volume Chevrolet Finance Center

Our finance team is here to help you answer any questions you may have about buying or leasing a new vehicle from Volume Chevrolet. Get in touch with our finance team to get a great model for a price that’s right for you.

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