Lease vs Buy

The time has come to buy another vehicle. Whether you have a growing family, a new teen driver, or just need an upgrade, we all face some decisions when stepping on the lot. 

One of the first decisions is whether to Lease or Buy a new vehicle. We know this can be a big decision for the shopper so we have broken down the basics of purchase and leasing each for you. [tweet this].

Benefits of Leasing

• Smaller (or no) down payment - Getting a great payment is essential to making a car affordable.  

• A new car every few years - Since leases are structured to utilize the most productive period of a vehicle, you will rarely have to worry about maintenance or components of the vehicle failing, warranting costly repairs.  

• No long-term commitment - Leasing give you the opportunity to restart another agreement on a vehicle you want to drive. 

Benefits of Purchasing

• Full ownership of the vehicle at the end of the loan - If you decide to finance your purchase with a loan, when you make the last payment on the loan, you'll own your car and can choose to sell it or continue driving it. 

• No limit on mileage - Leasing gives you a small payment... which means a restriction on mileage.  Mile overage charges can be quite costly.

• Less worry about dents and dings/condition - When you own your vehicle, it is your property.  You will not have to worry about turning in the vehicle in perfect condition.  

If you have more questions or would like to speak to a salesman about your next purchase, you can find your nearest Larry H Miller Dealership HERE.

Larry H. Miller Automotive dealerships are located in Arizona, Colorado, Idaho, New Mexico, Oregon, Utah and Washington.

Find the nearest Larry H. Miller Automotive dealership here at www.LHMauto.com