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How would you like to go about driving your dream car home? Would you prefer to finance it so that it is yours once your loan is paid off? Would you rather lease it so that you can easily transition to a newer vehicle after a few years? Financing and leasing are both totally viable options if you are looking to buy a new car, but one might be a better fit for you, depending on your specific needs and lifestyle. Here is a quick overview of financing versus leasing to give you an idea of which path you might want to take.
Why Finance a New Vehicle?
Financing a new vehicle here at our dealership serving Lake Charles is a great idea if you prefer to own your car once you’re finished with your monthly payments. It also tends to be the preferable option for drivers who like to keep their cars for several years. Owning your vehicle also offers more freedom to customize it, rack up miles without worrying about fees, and more. Plus, you can sell your car or trade it in and use its value for something else.
Why Lease a New Vehicle?
Leasing a new vehicle is a popular option for drivers around Sulphur, LA and Orange, TX because it is generally less expensive than financing. Monthly payments are generally lower for leases, allowing you to spend less per month than you would to finance the same vehicle. Once your lease is up, you have a variety of options before you, including seamlessly transitioning to a newer vehicle. While you don’t own your car unless you choose to purchase it at the end of your lease, you can enjoy the benefits of driving a new car every few years, such as warranty coverage.
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You don’t have to make the choice to finance or lease your next vehicle by yourself. Our team here at our dealership serving Moss Bluff, LA and Jennings, LA is here to help. We can help you weigh your options and guide you toward the route that makes the most sense for your specific needs as you shop for a new Chevy or another new vehicle.
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