Looking for a new car is an exciting time for most drivers, but it can also become overwhelming at the same time, particularly when it comes time to figuring out financing. That’s why at Lester Glenn Chevrolet, our team works with you to help you make the best decisions for your needs. One of the biggest things to check off of your list is deciding whether to lease or buy your next vehicle.
When to Lease
Leasing is a good idea for you if your aim is to get behind the wheel of a brand new car quickly, without having to pay full price for a new car. When you lease, your only financial responsibility is a fraction of the car’s cost and a small down payment. What you pay is the car’s estimated depreciation over the lease term, which you can expect to be about three years. By leasing, you can experience all of the newest technology features, updated performance engineering, and sleekest styling available without having to make a purchase.
When to Buy
You’ll want to buy if your plan is to own a new Chevrolet car outright and have the ability to sell it later on. You’ll have to pay the full price of the car, which you can do upfront or over time through financing, but the car will be all yours once it’s paid off. You can then build equity by keeping up with your maintenance schedule and sell your car to get a return on your investment. Buying also means you can drive as many miles as you want and customize your car with aftermarket features, which you cannot do when leasing.
Feel free to contact our Chevrolet dealership in Toms River, NJ today to learn more about financing a new Chevrolet car.