Leasing vs. Buying: What Is Best for You?
Choosing to finance or lease your next vehicle purchase can sometimes be challenging due to several factors. However, with the help of our friendly associates at Big 4 Motors, you will have the support you need to choose the right option for your specific situation. Our dealership offers a wide variety of new models for you to explore from multiple brands such as Ram, Dodge, Jeep, and Chrysler, and you can speak to our Finance Centre to secure the best payment option for your dream vehicle.
Differences Between Financing & Leasing
Financing a vehicle means you will make periodic payments to lower the principal amount borrowed against the vehicle until you gain complete equity of the vehicle to own it. On the other hand, leasing a vehicle is more similar to renting a vehicle long-term, in which you will pay monthly payments against the vehicle's depreciation. Still, you will have the option to purchase the vehicle at the lease end if desired.
Advantages Of Financing
There are many advantages to financing a vehicle, including having complete freedom over modifying and maintaining your vehicle without worrying about penalties. Also, you will be building equity as you continue paying the vehicle off, allowing you to utilize the vehicle as a trade-in to lower the purchase price of your next vehicle once you are ready to upgrade again.
Advantages Of Leasing
Leasing allows you to get into a new vehicle every few years and usually lets you enjoy lower monthly payments than financing. Although leasing can bring you lots of flexibility and allows you to have a new vehicle with the latest offerings, leasing also provides you with complete peace of mind since your vehicle will always be covered under the factory warranty during your lease.
Finance With Us!
We offer outstanding lease and financing options for all; If you are interested, apply today for our online finance application.. We look forward to helping you get into your dream car today. Contact us at Big 4 Motors to answer any of your questions, or schedule a test drive. We look forward to hearing from you.