Should I Buy or Lease a Car?

Car-buying paperwork
 

If you’re about to get your very own car for the first time, you’re more than likely asking, “Should I buy or lease a car?” It can be a difficult decision to make, but we at Bergey's VW of Wilkes-Barre have highlighted the differences between leasing vs. buying below so you can make an informed decision. Find out whether leasing or buying is the best option for you, then explore our new and pre-owned inventory to find your ideal ride in Larksville!

 

 

Leasing vs. Buying – Which is Right for Me?

Benefits of Leasing

First, let’s discuss leasing. Instead of having total ownership of the vehicle, you are essentially renting it for a designated period of time. This means that you only have to pay for the depreciation that occurs during the leasing period. You also don’t have to worry about selling the vehicle when you’re ready for an upgrade.

If you’re looking for the most flexible option, leasing a vehicle is the way to go. Benefits of leasing a vehicle include lower down payments, lower monthly payments, and less sales tax. Once your lease term ends, you can either swap it out, renew it, or end it. If you grew to love the vehicle while leasing it and decide you want to call it your own, our experts can help you finance the remaining value of your lease.

Keep in mind that leases often have mileage restrictions. You may also be charged if you don’t keep the vehicle in the condition it left the showroom in.

Benefits of Financing

Moving on to financing, this is a great option for those who wish to maintain control over all aspects of their car. As opposed to leasing, you will need to take out a loan on the full value of the vehicle. This will result in a larger down payment, bigger monthly payments, and more sales tax.

However, you will have the ability to customize your vehicle however you see fit and sell it at any time. Financing is a greater commitment, but it is typically the more cost-effective option over the long term.

Learn More About Leasing vs. Buying with Our Finance Experts

Still wondering, “Should I buy or lease a car?” That’s okay! Our friendly and knowledgeable finance experts will be happy to walk you through your options in greater detail. Contact us today or visit us in Larksville. We’re just a short distance from Lehighton and Stroudsburg. In the meantime, feel free to explore more of our car buying tips.

 

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