There are many decisions to consider when shopping for a car. One such decision is whether you will buy the vehicle or lease it. Each option has its benefits, but if you can't decide which one works for you, we're here to help. By continuing reading, we'll discuss what each financial option offers and its benefits, so by the end, you'll know which plan works best for your lifestyle and budget.
When you buy a car, two financial options are available. You can finance the car and own it when the loan is paid back. Or you can lease the vehicle and own the model temporarily. Each plan has its benefits, so let's discuss what they are.
As mentioned, when you get a loan, you'll own the vehicle when the loan is paid back. As such, drivers like yourself can customize the vehicle however they see fit. Plus, you can sell or trade-in your vehicle later. The catch, however, is that loans require more money down on the vehicle and have large monthly payments compared to leases.
When compared to loans, leases have smaller monthly payments. Though, unlike a loan, you can't customize your vehicle or sell it, and there are restrictions on the number of miles you can drive. But there are other upsides than smaller monthly payments. These include your repairs costs being free to you and you having the option to extend the lease, buy the vehicle, or upgrade to a newer model when the lease expires.
It is important to us that customers can afford the model they want. That's why we have an onsite finance center to help shoppers find the right financial plan. Hopefully, now, with the breakdown we've provided, you know which plan is for you, so shop with us today.
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2175 S. Bradley Road
Santa Maria, CA 93455
