Buying vs Leasing a Car Erie PA
Buying vs Leasing a Car Erie PA
Buy or lease your next vehicle at Gary Miller CDJR
When it comes to getting a new vehicle, you have a couple of options. You can either buy or lease your vehicle. The problem is this decision can be a little tricky as they both have their merits. You must factor in your driving habits, personal preferences, and finances to determine which method is best for you and what's good for you, which might not be the best option for the next person. Here at Gary Miller CDJ, we want to give you both options, so you know which is best for you and your needs. We have fully covered both options, from the resale value to the mileage restrictions. Keep reading down below as we go over all the vital information!
Benefits to buying your car
Once you buy your vehicle, you will have a sense of ownership and the benefits that come with it. You might like how it sounds to own your vehicle for all those years and then pass it down to future generations once you are done with it. Also, when you own your vehicle, you will spend less on it if you purchase it outright. This is especially true if you take care of your vehicle via regular maintenance, which you can get here at Gary Miller CDJR. If you plan on buying your car outright, you must ensure that you keep up with regular oil changes, tire rotations, and all engine tune-ups. You may also want to take out a second warranty. Finally, you can sell or trade-in your vehicle at any time, making it easier to purchase a new vehicle!
Benefits of Leasing a Vehicle
Are you planning on leasing your vehicle? There are a couple of benefits to that as well! However, you can expect to receive monthly payments and an initial outlay. Most business owners will lease out their work vehicles to avoid having to deal with vehicle depreciation. Suppose you have a business specializing in hauling a ton of material from place to place, such as for real estate. In that case, you might want to consider leasing a luxury vehicle, as owning it will take a larger downpayment. If you lease a car for yourself, you might want to get a vehicle with all the latest tech just for fun. Perhaps you are worried about the taxes. Well, we are here to tell you that if you lease your vehicle, you will only need to pay taxes on the financed portion of your vehicle!
At the End of the Term
One of the questions car buyers ask is what will happen when the term ends. If you have leased your vehicle, the typical lease will last 2-4 years, and once your lease is up, you can take your car back to us here at Gary Miller CDJR and place a down payment on a new one. You can even purchase another vehicle outright. On the other hand, if you have bought your vehicle, the term will last for an extended period, and you won't have to make any further payments. Once you are done driving your car, you can trade it in for cash or a new vehicle!
We will help here at Gary Miller CDJR
If you are unsure whether you should buy or lease your next vehicle, our team here at Gary Miller CDJR can help you! So head down to our dealership today and speak with one of our knowledgeable and friendly sales representatives, where we will go over the further benefits of both so you can make a decision that is best for you! In addition, be sure to check out our complete inventory of new and used vehicles, which you can also view here on our website! Our team looks forward to serving your automotive needs here at Gary Miller CDJR!
* MSRP is the Manufacturer's Suggested Retail Price (MSRP) of the vehicle. It does not include any taxes, fees or other charges. Pricing and availability may vary based on a variety of factors, including options, dealer, specials, fees, and financing qualifications. Consult your dealer for actual price and complete details. Vehicles shown may have optional equipment at additional cost. *Pricing provided may vary significantly between website and dealer as a result of supply chain constraints. Pricing shown is non-binding and does not constitute an offer. Contact your dealer for updated vehicle pricing. * The estimated selling price that appears after calculating dealer offers is for informational purposes, only. You may not qualify for the offers, incentives, discounts, or financing. Offers, incentives, discounts, or financing are subject to expiration and other restrictions. See dealer for qualifications and complete details. * Images, prices, and options shown, including vehicle color, trim, options, pricing and other specifications are subject to availability, incentive offerings, current pricing and credit worthiness. * Max payload/towing estimate ratings shown. Additional options, equipment, passengers, and cargo weight may affect payload/towing weights. See dealer for details. * In transit means that vehicles have been built, but have not yet arrived at your dealer. Images shown may not necessarily represent identical vehicles in transit to your dealership. See your dealer for actual price, payments and complete details.
Max payload/towing estimate ratings shown. Additional options, equipment, passengers, and cargo weight may affect payload/towing weights. See dealer for details.