Should I Buy or Lease?

Many drivers stop by from Birmingham and Hoover asking, “Should I buy or lease my car?” The answer depends on your driving needs and budget. While some prefer the flexibility and shorter commitment of a lease, others prefer the long-term savings and freedom of a financed vehicle. Read our lease vs. buying guide to get started:

Why Buy?

• No Mileage Limitations: Want to take the scenic route around Tuscaloosa? There are no mileage restrictions when you buy a car, so take as many road trips as you’d like.
• Ownership Perks: While a lease contract may include certain limitations on cosmetic and mechanical alterations, your financed car does not. Feel free to do whatever you’d like!
• Customization: From spoilers to body kits, you can customize the appearance of your car to your heart’s content. Take a look at our parts department and pick out a few accessories!
• Ability to Sell: When you own your vehicle, you have the option to sell for the price of your choice whenever you’d like to whomever you’d like.
• Financing Flexibility: Not only is financing a car less money over time, but it also tends to be more straightforward of a process than a lease. Plus, you can always refinance to get a better rate in the future.

Why Lease?

• Lower Costs Up Front: Everything from monthly payments to your down payment tends to be less expensive for a leased vehicle, which means you can either save more money or upgrade to a nicer option.
• Trade-In: No need to worry about selling your car and finding a buyer. Simply trade-in your vehicle when your lease contract is done and pick out your brand new car.
• Warranty: Your lease contract is typically the same length as your bumper-to-bumper warranty, which means you are protected against issues you encounter on the road.
• Vehicle Options: No need to stick with the same car for years and years. Leasing is a shorter-term contract, so you can easily upgrade to the latest and greatest technology when your term is up.
• High Approval Rate: Getting approved for a lease is usually a little easier than getting approved for a loan, even if you have no or poor credit.

Learn More About Lease vs. Buying at Brady Kilmury CDJR

Still have questions? Feel free to contact us at Brady Kilmury CDJR for personalized recommendations, or swing by Bessemer for a chat with our experts. If you’re ready to go, apply for financing at your convenience and check out our car buying tips, which covers topics like refinancing, and more!