When shopping for a new car, truck, or SUV, drivers in Rice Lake and beyond have many different decisions to make. Once you have decided on a vehicle that checks all of the boxes on your wishlist and falls within your budget, there is another big choice to consider. You may be wondering what’s better – leasing or buying a car. At Don Johnson Ford, we can help you determine when to lease a car vs. buy based on your driving needs and budget.
While financing a vehicle is typically more popular among drivers in the Hayward area, regardless of their credit, many are discovering that leasing offers a wide range of benefits worth considering. What exactly is leasing? When you lease, rather than paying for the entire vehicle, you end up paying for what you actually use. Your monthly payments, which are typically more affordable than they would be with traditional financing, are determined based on the estimated depreciation of your vehicle in addition to the cost of borrowing. Here are just a few additional benefits of leasing:
While leasing may be the more affordable option for some drivers in the Cumberland area, financing has its own set of advantages. Drivers have more freedom when it comes to creating the car of their dreams as well as the ability to drive without limits.
If you have additional questions, such as should I lease vs. buy a truck, Don Johnson Ford will be happy to help you explore your options. Contact us today for more information about buying and leasing, to learn about benefits like the Section 179 Deduction, or to set up a test drive. We can’t wait to help you find a car you will love for many years to come.