Lease vs Finance Information in West Covina
At West Covina CDJR, we help you compare leasing vs buying so you can choose the best fit for your lifestyle and budget.
Leasing vs Buying
Here at West Covina CDJR, we field all kinds of questions about financing vehicles. But the most common question we receive is whether our customers should lease or buy their next vehicle. That’s why at West Covina CDJR, we strive to ensure that every one of our customers knows the facts about buying versus leasing.
Our team is eager to work one-on-one with you to find the best option for your lifestyle and budget, whether you lease or finance your next vehicle.
Buying a CDJR
- If you like to keep your vehicle for as long as possible, financing can be a great option. While payments are typically higher, you build equity and eventually own your vehicle outright.
- Unlike leasing, there are no mileage restrictions when you purchase a vehicle.
- If you keep your vehicle past the life of the loan, you’ll eventually be free of loan payments.
- Insurance costs are generally lower on vehicles you purchase than on vehicles you lease.
- You’re free to sell your vehicle at any time.
- You don’t have to worry about minor wear incidents becoming lease-end charges.
- You can add accessories or make modifications when you own it.
Leasing a CDJR
- If you like to drive a new vehicle and trade every two to three years, leasing can be a great option.
- Lease payments are typically lower than purchasing the same vehicle.
- $0 or low money-down lease programs may be helpful if you prefer not to make a large down payment.
- Leased cars are typically covered under the manufacturer’s warranty for the duration of the lease.
- Leasing is great if you want the newest technology since you’re always driving a newer model.
- Try it before you buy it: you can trade-in at lease-end or purchase the vehicle if you’ve fallen in love with it.