Leasing vs. Buying | Plainfield IN
The two ways of paying for your car typically boil down to either leasing or buying, and we understand it can be confusing discerning between the two. That’s why we’re here to break down the differences and get you on the path toward the right Chevy lease or other buying options.
For even more personalized information about financing, come into Andy Mohr Chevrolet but in the meantime, let’s elaborate on the two big options.
Leasing
Signing a lease is kind of like borrowing a car. There’s a fixed amount of time you’ll be using that car, and you make monthly payments corresponding to that timeline. We even have a Chevy payment calculator so you know exactly how much you’ll owe every month. After using the car for, let’s say, three years, you return it to the dealership.The main benefits of leasing a car include:
- Lower monthly payments
- No commitment to the car if you don’t like it
- You won’t have to worry about depreciation in value
Leases may include some mileage restrictions and you likely won’t be able to customize the vehicle while you’re using it, but leasing is an excellent option for people who do not want the long-term commitment of paying for and owning a car.
Buying
Fully purchasing a new Chevy is perfect for those looking to have the car for the long haul. Monthly payments are typically higher, but once you’ve paid off the car, you never have to make one of those payments again! You’ll also have the freedom to customize the vehicle in any way you’d like, and there’s much less pressure to keep it in pristine condition.If you already own a vehicle, Andy Mohr Chevrolet offers a value your trade option where you can trade in your existing car and put the value toward the down payment on your new car.
Once you decide on the perfect new Chevy car that suits your lifestyle, Andy Mohr Chevrolet will help you with financing whether you decide to buy or lease. We want nothing more than to see you behind the wheel of the car of your dreams, so come in today because we’re eager to help!