Buy vs Lease in Leonardtown, MD
Buy vs Lease in Leonardtown, MD
Whether this is your first time acquiring a vehicle or you’re a seasoned veteran, understanding the avenues you can take will pay dividends in the long run. That’s precisely why we at Leonardtown Chevrolet Buick GMC are here to go over the differences between buying and leasing so you can make a decision that positively affects your automotive experience. If you have questions for our Finance Department, reach out to us at your earliest convenience.
Inventory
Before you even consider whether you’d like to purchase or lease a vehicle, you must find a ride that abides by your daily driving requirements. Fortunately, we make this task an easy endeavor when you click on the Search Inventory link located beneath the New dropdown. Here, you’ll be able to sort through all of our current Chevrolet Buick, and GMC vehicles at your own pace to find a model that piques your interest. To expedite your experience, input your list of must-haves by using the filters on the left side of the screen. We offer parameters for the year, make, price, MPG, and more, so you won’t have a shortage of customizations to pick from. You’ll also be happy to learn that we include detailed specs and photos of the interior and exterior, so you can get a firsthand look from home.
Buying
Chances are that you or someone you know has purchased a vehicle before. This is the most common path taken by prospective drivers because it allows them to see a return on their investment. When you drop by our location, we will reach out to our network of trusted lenders to find a package that works for the vehicle you’re interested in. Then, we will split up the model’s full cost over a period of time that falls between four and seven years. This way, you’ll be able to slowly chip away at the model’s sticker price without feeling overwhelmed. If you want to get a better idea of what your buying power and potential rate will be ahead of time, use our Payment Calculator. Then, you can fill out the Get Pre-Approved form to receive the green light for your loan.
Leasing
On the other side of the acquisition spectrum, you reserve the right to lease the vehicle you’re keen on. This route to securing a driving option is synonymous with borrowing, and means you'll be able to keep the ride for two to four years. Since you won’t be paying toward ownership, you’ll only have to foot the bill for the model’s depreciation while it’s in your possession. You’ll also be covered with manufacturer warranties so you won’t have to worry about paying for regular maintenance. This is the best choice if you want to stay current with the latest and greatest rides because you’ll be able to upgrade as soon as your contract expires. Or, you can use this as a trial period to determine if you want to keep the vehicle for good. We’ll be happy to convert your lease so you can finance the remaining balance!
Once you decide whether to buy vs lease in Leonardtown, MD, head to Leonardtown Chevrolet Buick GMC. Our Finance Department looks forward to working with you today!