Should I Buy or Lease My Next Car?

If you’re trying to decide between buying or leasing your next vehicle, don’t worry. Our friendly Finance Department has helped numerous Granbury customers just like you solve their own lease vs. buying conundrums. So, if you’re wondering, “Should I buy or lease?”, then read our handy guide below to find out which option is right for you.

Should I Buy or Lease?

Basically, the lease vs. buying debate comes down to how much you can afford to spend upfront and what your monthly budget is. When a customer asks us, “Should I buy or lease?”, we’ll sit down with them and go over what their financial needs are. Generally, leasing saves you money up front, while buying may save you in the long run.

Benefits of Buying

  • No Mileage Restrictions: Buying may be right for you if you plan on putting a lot of miles on your vehicle, especially if you do a lot of over-the-road traveling outside the Burleson area.
  • Total Ownership: When you buy your vehicle, you own it. That means you have equity.
  • Customization: Because you own your vehicle, there are no restrictions on how you customize it.
  • Ability to Sell: Sell your vehicle whenever you choose.
  • Financing Options: Financing a car is usually easier and more accessible when buying.
  • Less Cost Over Time: Though buying a new car is more expensive in the initial period, it is less troublesome in terms of cost over time as you work towards paying off your loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.
  • Fore more buying tips like the meaning of MSRP, visit Shottenkirk Toyota of Granbury.

Benefits of Leasing

  • Lower Payments: Lower monthly payments is probably the biggest advantage of vehicle lease vs. buying.
  • Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax.
  • Trade-Ins: Transitioning to your next car is easy. Just turn your car in at the end of the lease, and start a lease on a new one.
  • Great Coverage: Leased automobiles are always under warranty. As long as you stay under the mileage limit, you’re covered.
  • Options: Because you’ll be in a brand-new vehicle every couple of years, you’ll always have the latest feature options at your disposal.
  • Want a lease but don’t quite have it in the budget for a new vehicle? Learn how to lease a used car with Shottenkirk Toyota of Granbury, and use our lease calculator to determine how much you’ll pay each month.

Let Our Finance Department Walk You Through Your Options

We make it easy for you to get behind the wheel of your next vehicle. You can even apply for financing online. We’re just a short drive away from either Stephenville or Cleburne, but you can also browse our entire inventory from the comfort of your own home! So, contact us today!

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Shottenkirk Toyota of Granbury is your go-to destination for exceptional vehicles and automotive services in Fort Worth, TX.

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June 6, 2024
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