Lease vs Buying A Car, Which Suits You?


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Lease vs Buying A Car Easy Financing Process Homestead, Miami and Key Largo, FL.

Lease vs Buying A Car, Which Suits You?

Discover Your Options Today

Deciding to shop for a new car is a big decision. In fact, it’s a huge decision made up of several smaller yet still important decisions. One of the biggest choices you’ll have to make is whether to begin a new car lease or buy a car.

Read on for more information on car loans and lease terms. When you’re ready, come in and get a little help from the pros. Stop by our finance center at Spitzer Chrysler Dodge Jeep RAM Homestead – a Homestead car dealership serving Miami and Key Largo, FL.

Signing A Lease vs. Buying A Car – What’s The Difference?

Car loans and lease plans differ in several ways, but there’s one major difference that plays a factor in most car-buying decisions. That is, when you buy a vehicle, it’s yours to keep; when you lease a car, it’s only a temporary commitment.

Financing a car is a pretty cut-and-dried process. You, the car buyer, accept an auto loan to cover the cost of the vehicle, then you complete a series of monthly payments until the loan is paid off. When you finish all of your loan payments, you own the car free and clear. Lease plans, quite frankly, are very different.

The most important distinction between leasing and financing is that when you lease a vehicle, you’re not actually buying it. Instead, you just drive it for a few years then return it to the dealership. You’ll still have monthly payments, but they’re not loan payments. You’ll be asked to pay for the projected depreciation of the vehicle over the course of your lease term. This cost is divided into monthly payments to make it more affordable.

Those are the main contrasting characteristics of each option – you return your lease, but if you loan, you own. Depending on the shopper, there could be pros and cons to each. To help you decide which is the right choice for you, we’ll go over the benefits of both options. If you have more questions about the terms and conditions of each method, visit the Spitzer Chrysler Dodge Jeep RAM Homestead finance center today.

Car Loans – An Advantage In The Long Run

For many car buyers, a big draw to car loans is the idea of owning a vehicle outright. Once the entire loan amount is paid off, you’ll be car-payment free – a dream come true for almost anyone.

Freedom from car payments is great, but if you decide you miss the reliability of a new car, your vehicle is sure to have some trade-in value as well. Drivers can use this value toward a down payment on a future vehicle purchase. If you think this might be the right plan for you, schedule a visit today. Learn more about beginning a lease vs. buying a car at the Spitzer CDJR Homestead finance center.

Car Lease – Lease It, Then Off Lease

While some drivers enjoy the benefits of car loan terms, others may prefer the perks of a car lease. For instance, if you demand a cabin full of all the latest driver technology, then a lease plan – with a typically shorter commitment -could be right for you. Once your plan expires, you’ll be able to bring the vehicle back to the dealership and upgrade to the latest generation of your favorite car, truck or SUV.

More info on leasing a vehicle in Homestead Florida:

Find the best option for you today. Visit Spitzer CDJR Homestead today.

Schedule A Test Drive Today

Now that you know the difference between signing a lease and buying a car, visit your trusted Homestead car dealership.

If you need more answers, we’re happy to help with all of your questions from interest rates or annual percentage rates to credit reporting and credit scores. When you’re ready, our finance experts will walk you through our quick, easy financing process and get you on your way. Visit us today at the Spitzer CDJR Homestead finance center – proudly serving Key Largo and Miami, FL.

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