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 about how to finance or buy a new car? Perhaps you’re wondering what CPO means? 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!