Buy VS. Lease

Buying VS. Leasing at Team Gillman Chevrolet

If you're shopping for a new car in the Houston, TX area, and stuck between a leasing or buying option, let Team Gillman Chevrolet help you out! The decision to lease or finance depends on many factors, but the most common dividers are monthly payments and how long you want to wait for a newer car.

Buying and leasing each have their benefits and disadvantages and making the decision ultimately comes down to your individual needs, wants, habits, and lifestyle.

Team Gillman Chevrolet has you covered! We've outlined some of the most common benefits of buying and leasing to help you make your decision.

Benefits of Buying:

• If you intend to keep your vehicle longer than four years, traditional financing might be for you since you get to stay in your vehicle as long as your want once the financing period ends.
• When you finance, each montly payment builds equity on your car so at the end of the contract, its yours to keep. That means that the longer you drive the vehicle after your contract is complete, the more value you derive from your investment.
• If you finance your vehicle, no one can limit the mileage you drive! If you drive more than 12,000 to 15,000 miles per year, traditional financing is the best option for you.
• Have the freedom to make changes to your daily driver by financing your vehicle. Make changes to your car's engine or appearance by altering both the interior and exterior, costmetic or not, to compliment your personal tastes.

Benefits of Leasing:

• Leasing a car means you contract to use it for the first (and best) period of its lifecycle, so car maintenance is minimal and gives you a stress-free driving experience
• Prefer to drive a new car every 2-3 years? Stay on trend with the latest updates in technology, safety, and car styles with leasing.
• Vehicle leases typically come with lower monthly payments than tradition financing. That's because the payments will be based on the vehicle's estimated depreciation not the MSRP.
• Less cash upfront! One of the largest advantage of leasing, is that it does not usually require a substantial down payment.
• You don't need to worry about what you'll do when you don't want the vehicle anymore. When your lease term is up, you need not worry about getting a good price for your trade-in. Simply turn in the car and walk away, or buy your vehicle if you love it!
• Leasing a car for your business? You may find larger tax deductions with leasing than with buying a vehicle. Check with your tax advisor.

To learn more about the buying and leasing processes and the advantages of each, stop by our Houston, TX dealership today and allow our knowledgeable auto finance team to give you the full run-down. We look forward to meeting you!