Should I Buy or Lease?

Woman reading a car purchase contract

When you’re looking to take home a new car, truck, or SUV near Georgetown, you might be wondering, “should I buy or lease?” Because everyone’s needs are different, the best option for you may not work for someone else. Because of this, it’s important to understand the benefits of buying and leasing, what your needs are, and what you can afford. Take a look at the benefits offered by buying and leasing so you’re ready for your visit to Nyle Maxwell CDJR of Taylor!

Benefits of Buying

  • Total Ownership: Buying a vehicle means it’s yours completely. This means you are free to do with the vehicle what you please. There are no restrictions on how it’s modified, decorated, etc.
  • Financing Options: While leasing isn’t convoluted by any means, the car financing process is more straightforward. This is especially true to those who have had trouble with their credit score in the past. When buying, you can also refinance your loan to lower your interest rate and monthly payments.
  • No Mileage Restrictions: If you plan on driving throughout the College Station area and beyond, you may want to consider buying. Leased vehicles often have a strict mileage restriction attached to your contract.
  • Customization: Want to make your new vehicle stand out among the crowd? Buying rather than leasing allows you to modify your car in any way you’d like.
  • Ability to Sell: Since you’re not locked into a lease agreement with our dealership, selling your vehicle is far more simple.
  • Less Cost Over Time: Though buying a new car is a more substantial initial investment, it will actually cost you less in the long run. As time moves on, your payments will go down.

Benefits of Leasing

  • Lower Payments: The initial cost of entry is much lower when you lease your car, truck, or SUV from Nyle Maxwell CDJR of Taylor.
  • Less Sales Tax: In most states, leasing a vehicle lowers overall sales tax expenditure substantially. In some cases, you only have to pay tax on your down payment and monthly payments – not the full price of the car.
  • Trade-Ins: When your lease agreement is over, the process of getting your next leased vehicle is simple. Head to your local Taylor dealership, pay any remaining fees, and drive away in your next vehicle of choice.
  • Great Coverage: Warranty coverage and maintenance is a breeze when leasing, as long as you don’t go over the mileage limit and it’s covered under warranty.
  • Options: Leasing allows you to stay in the latest models with the most cutting-edge technology. This way you’ll have tons of options and will be able to find the perfect model and features for you.
  • High Approval Rate: While you may be denied for a car loan, it is much easier to get approved for a lease, as even those with poor or no credit can be approved.

Explore Leasing and Financing Options at Nyle Maxwell CDJR of Taylor

Whatever you choose, you should always remember that the decision is based entirely on your personal needs and financial situation. Be sure to peruse all of our Chrysler, Dodge, Jeep, Ram new vehicle specials, and head over to our dealership near Cameron to find your next vehicle. If you have any questions about buying or leasing, or even refinancing an auto loan, don’t hesitate to contact us today!

 

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