Should I Buy or Lease?

You can’t wait to secure the keys to a brand-new Cadillac XT5 SUV or CT5 Sedan, but before you do, there’s one important question you must ask yourself: “Should I buy or lease?” Depending on things like budgetary restrictions and the length of your daily commute to Charlotte, one option may be better suited for you than the other. Compare the option to lease vs. buying your next luxury vehicle with Hendrick Cadillac Monroe to learn more and make a well-informed decision. 

Should I Buy? 

Buying vs. leasing at Hendrick Cadillac Monroe: which is right for you? Below, we’ve listed the top benefits of buying a vehicle. If these points appeal to you, buying might just be your best choice! 

• No Mileage Restrictions: Do you have a long daily commute that takes you far from Ballantyne? If you rack up a lot of miles in a year, buying a vehicle is probably the better choice because there are no mileage restrictions. 

• Total Ownership: When you buy a vehicle, it’s completely yours to own. This comes with certain freedoms that some Weddington drivers enjoy, such as customizability. 

• Customizability: Do you wish to modify your vehicle with performance-oriented upgrades or personalized touches of exterior and interior style? There’s no limit to what you can do when you own your vehicle. 

• Selling Options: Buying a vehicle means you can sell it at any point in time if you wish to do so. 

• Financing Options: You can buy your vehicle in full with cash, or you can finance it with an auto loan. Financing is a straightforward process, and if you’re currently working with a not-so-hot credit score, there are workable loan options for your consideration.

• Less Cost Over Time: Initially, buying a new car is more expensive than leasing. Over time, however, it becomes less expensive to own. 

Should I Lease? 

If the benefits of buying don’t quite speak to you, perhaps leasing is the better option. Review this quick list of leasing benefits to learn more:

• Lower Payments: From your down payment to your monthly payment, leasing a vehicle is usually less expensive than financing. 

• Fewer Sales Tax: Depending on your location, you might enjoy significantly lower sales tax when leasing a vehicle. In fact, you might only be required to pay tax on your down payment and monthly payments! 

• Ease of Trade-Ins: When you reach your lease-end, it’s easy to get into a new vehicle. Simply bring your vehicle back to the dealership, take care of any leftover fees if needed, and choose your next vehicle to lease. 

• Convenient Coverage: When you lease a vehicle, you have comprehensive warranty coverage the entire time – so long as you don’t exceed the limits of your contract. This makes keeping up with service and maintenance a breeze! 

• Enjoy a New Vehicle More Often: The average car lease is two years, which means you can always be behind the wheel of a new vehicle with the most up-to-date features and amenities.

Ask Us About Lease vs. Buying at Hendrick Cadillac Monroe

Are you still stuck on the question “Should I buy or lease?” Contact us at Hendrick Cadillac Monroe to get one-on-one assistance. Our team will walk you through your options and help you reach the best solution for your lifestyle and budget. Or, if you’ve made your decision and are ready to move forward, you can apply for pre-approval with us online!