Should I Buy or Lease My Next Vehicle?

Should I buy or lease? Now that is the question when deciding on your next vehicle. Both purchase options offer unique benefits, but whether leasing vs. buying is a better fit for you will depend on your financial situation and your driving needs. At Hendrick Dodge Cary, we help you figure out which of the two will work best for you! Will leasing vs. buying benefit your current situation? Let’s find out. Contact us if you have any questions.

Perks of Leasing a Car

If you have never leased a vehicle before in Chapel Hill, it is worth looking at the perks of leasing before ruling it out:

• Expect a lower down payment.
• Expect lower monthly payments.
• The sales tax is lower in most states when leasing a vehicle. Typically, you only have to pay tax on the down payment and monthly payments.
• Get a new vehicle when your lease agreement is over in two or three years.
• No-hassle warranty coverage for service and maintenance.

Benefits of Buying a Car

Buying a vehicle has not lost its perks for Carrboro drivers. Instead, there are plenty of benefits as to why you should buy your next car, truck, or SUV:

• No mileage limits to consider
• Total ownership of the vehicle
• You can make cosmetic changes to the exterior and interior of your vehicle
• You can sell your vehicle any time you see fit
• You can refinance your loan for lower monthly payments
• The vehicle is less expensive in the long run
• You can trade in your vehicle at our dealership. Check your trade-in value online.

Should I buy or lease a vehicle? It may be easier to answer now that you know the benefits of both. You can buy a new car outright or set up monthly payments based on your credit history. You have options when it comes to your next car, truck, or SUV, and we have plenty of options readily available for financing and leasing. Our team is ready to work with you!

Buy or Lease with Hendrick Dodge Cary!

Whether you choose to buy vs. leasing, you can do both with us, Apex drivers! Connect with our finance team to find out your buying or leasing options, learn how to take over a car lease, and take advantage of our new vehicle specials that will help you save on your next vehicle.