Buying vs. Leasing

 


Buying vs. Leasing Your New Vehicle 

in Sarasota, Ocala, Gainesville, Bradenton or Punta Gorda

 
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When it comes to driving home a new vehicle, one of the biggest questions you face can be a tough one: buy or lease? Both of these options are valid, but each comes with its own perks that appeal to different types of drivers. Are you wondering which type of driver you are? We have gathered pertinent information to help you determine the key differences between leasing and buying. The more you know, the better you can determine which is the best option for you. Check out the facts below and let us know if you have any questions! When it comes to finding the best selection of vehicles at fantastic prices, Gettel's Got It!

WHY LEASE

FREEDOM OF CHOICE

Two of the greatest benefits of leasing a vehicle is freedom and flexibility. When leasing, you have the freedom to drive a new vehicle every few years without the hassle of having to sell or trade your vehicle.

FLEXIBILITY

On average, leasing terms can last between 24 to 60 months. This allows you to make affordable payments with shorter terms. In addition, you get to choose your mileage. Lessees are typically given 12,000 or 15,000 miles per year, but if you require a higher mileage limit, you have the option to purchase more miles at signing.

LOWER PAYMENTS

Because you're only purchasing the right to use a vehicle for a period of time, your financial responsibility and your monthly payments may be reduced significantly. Also, if you have a small down payment, then leasing may be better for you, as there are often leasing options that require $0 down.

HAZARD-FREE DRIVING

Because most leases last for two to three years, your vehicle generally provides warranty protection for as long as you drive it.

TRUE CONVENIENCE

When a lease expires, you simply turn your vehicle in and pay off any remaining fees (such as for excess mileage or wear and tear) and taxes. If you'd prefer not to part with your vehicle at lease-end, you can also take the opportunity to purchase it at a predetermined price. In either case, there's no need for you to sell it or trade it in.

WHY BUY

OWNERSHIP

Ownership is the greatest benefit of buying your next vehicle instead of choosing to lease. If you are looking to keep your vehicle for an extended time or for as long as possible, then buying is the better option for you.

NO MILEAGE RESTRICTIONS

You don't have a mileage restriction like you would with leasing. Leasing requires that you calculate in advance how many miles you will drive each year. Ownership allows you to drive as much as you like and as far as you desire without accumulating fees.

PAYMENT FLEXIBILITY

When purchasing a vehicle, you can buy with cash or choose to finance. If you buy with cash, you immediately become the owner of the vehicle. If you choose to purchase a vehicle by utilizing a finance program, you pay down the loan amount over an extended period of time. For the best outcome when financing, we strongly recommend that you acquire the most affordable, reliable and competitive rates available, like what we offer at any of our Gettel Automotive locations.

TRUE FREEDOM

At the completion of your payment schedule, typically four to six years, you own your vehicle. You can keep driving for as long as you desire without any further payments, or choose to sell or trade at any time. Once you own the vehicle, you no longer have to make monthly payments, which means you could place those same funds toward your savings, should you choose to do so.

If you would like more information on the key differences and perks of leasing versus buying your next vehicle, please don't hesitate to give us a call or stop by any of our convenient locations throughout Florida! At every Gettel Automotive location, we look forward to serving our customers from Sarasota, Ocala, Gainesville, Bradenton, Punta Gorda and the surrounding areas, with their next lease or purchase!