Buying Vs. Leasing: Which Should You Do

woman in the showroom enjoying luxury car

Car shopping is the easy part, especially when you are considering purchasing a Genesis from Genesis Northwest in San Antonio, TX. The inventory is large and lux. Often, the harder part is deciding whether to buy or lease the new vehicle of your choice. While you can’t go wrong, there are pros and cons to each, especially when you consider factors like time and budget. Leave it to us to help you make the big decision by comparing and contrasting both!

Why Buy

Have you found your dream ride that you want to drive until its last mile? It sounds like you are the perfect candidate for buying! When buying a vehicle, you claim ownership. Therefore, you can drive the vehicle as many miles as you would like, as well as customize it to your liking. If you are looking for a credit boost, making on-time, monthly car payments are sure to do the trick. On the other hand, let’s say down the road you decide you are ready to buy a new vehicle. Once your vehicle is paid off, you have the liberty to sell it and keep the cash or use it as a down payment for your next vehicle. When leasing, you are technically renting, so you are not recouping your investment.

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Why Lease

Do you like to drive a new car every couple of years? Perhaps leasing is the best option for you. If you are on a budget, but you enjoy the luxury and high-tech features of new vehicles, leasing agreements are more affordable than monthly payments. Most leasing agreements are a couple of years, and they include features like complimentary maintenance. When it comes time for a new vehicle, you don’t have to go through the hustle of selling your car, as all you have to do is return it to the dealership and pick out the next vehicle you would like to lease. Or, you will have the option to purchase the vehicle you have been leasing at a specialty rate.

Ready to find your new set of wheels? Head over to Genesis Northwest. Contact us today!