When you're in the market for a new vehicle, there are several different choices you need to make before you can drive the vehicle off the lot. You’ll be narrowing down a make and model, a colour and trim level. There's more - perhaps you'll want specific features and accessories, or even an entire package to be added. But then it will come time to sign the paperwork, and you'll need to decide whether you want to lease or buy. So how do you know which is best? That is where our finance team can help! Look at our Lease vs. Buy comparison and see what suits you.
When it comes to whether to lease or buy, there isn't a right or wrong answer necessarily; both are viable options for obtaining a new vehicle. What it comes down to is what works with your current budget and lifestyle. Having the information on both options is critical to making the best possible decision.
Naturally, both vehicles are going to come with their fair share of pros and cons, so here's an easy-to-read comparison:
As you can see, determining whether you should be buying a car or leasing a car takes a little bit of self-evaluation. There are more details that come into play when you are considering longer lease terms and things of that nature as well. Get in touch with our staff here at Dean Cooley GM with any further questions you may have, or if you need help determining which avenue is the correct one for you.