One of the most difficult things about looking for a new car is deciding the inevitable, buy or lease. To some, it may be a rather easy answer but to others, like me, it can keep you up at night. Okay, maybe not but it’s still a grueling decision. I have dedicated this week’s blog to help you choose whether to buy or lease your next vehicle! Let’s get started…

Benefits of Leasing:

• Lower Car Payment

• Little to No Down Payment

• Always Having the Latest Technology

• Worry-free About Selling Your Trade-In

• You Are Covered Under a Warranty

Downside of Leasing:

• Mileage Restrictions

• No Equity

• Excess Wear/ Tear Fees

• Ride Sharing Restrictions

• You Need Excellent Credit

Now, let’s take a look at buying a vehicle.

Benefits of Buying:

• No Monthly Payments After Loan

• No Mileage Restrictions

• No Wear/ Tear Fees

• You Don’t Need Crazy Good Credit

Downside of Buying:

• More Expensive/ Big Down Payment

• Long-Term Loans

• Unpredictable Depreciation

The final verdict: Every customer is different in their wants and needs, so there is no right or wrong answer. It’s a great idea to look at costs and benefits to find what option will best fit your lifestyle and budget. If you’re unsure, still, it doesn’t hurt to explore both options.

Feel like a King or Queen in a new Volkswagen from King – stop in or give us a call today!