Should I Buy or Lease My New Car?
Why Buy a New Chevrolet?
When you buy a new Chevrolet you become wholly responsible for the price of the vehicle. Purchasing a new car, truck, or SUV gives you complete autonomy and long-term benefits. With full control over your vehicle you are free to make personalizations and enhancements as you see fit.
The choice to buy a new Chevy comes with a larger down payment and monthly payments as well as any accrued interest if you choose to
finance your new vehicle with a loan. Over time, your vehicle will accumulate equity which will aid you in future purchases or as a trade-in option.
Why Lease a New Chevrolet?
Leasing a new vehicle may be right for you for a variety of reasons including frequent upgrades or financial freedom. When you sign a lease you enter into an agreed upon time frame to “borrow” a vehicle from the dealership while you pay installments based on the initial price of car, truck, or SUV.
With a lease you are responsible for generally lower monthly payments and the effects of depreciation. Your lease agreement may also cover maintenance fees helping to lower the cost ownership. When the
lease term ends, you have the flexibility to return the car, extend the lease, or explore your options for your next Chevy.
