Buy vs. Lease Your New Vehicle | Hendersonville NC | Serving Asheville, Canton & Greenville

Buying vs. Leasing Your New Vehicle

When you decide it's time to start driving something new, there are a lot of considerations that have to be made. What type of car do you want? What will you be using it for? Additionally, you'll want to determine whether you'd prefer to lease or buy.

Nobody's lifestyles or situations are identical, which is why there's no easy solution. That's why, here at Hunter Volvo, we've compiled a few perks for both of these options. That way you can look at them and decide which is right for you.

WHY LEASE A VEHICLE?

Freedom of Choice

Freedom and flexibility are the main perks of leasing a vehicle. When leasing, you have the option to drive a new vehicle every few years if you choose, and can postpone the purchase decision without the inconvenience of having to sell or trade the vehicle.

Flexibility

Leasing terms typically last around 24 and 60 months. With shorter terms, you can make more manageable payments. You're also able to choose your mileage. Lessees are normally given 12,000 or 15,000 miles per year, but if you need a higher mileage limit, you're given the choice to purchase more miles at signing

Lower Payments

Since you're simply purchasing the right to drive a vehicle for a specific period of time, your financial responsibility and monthly payments may be greatly reduced. Also, if you're not ready to put down a large down payment, then leasing may be better for you, as there are leasing options that require $0 down.

Hazard-Free Driving

Because most leases last for two to three years, your vehicle is generally covered with warranty protection for as long as you have it.

True Convenience

When your lease ends, you can simply return the vehicle and pay any remaining fees (such as for excess mileage or wear and tear) and taxes or purchase it at a predetermined price. There's no need for you to sell it or trade it in unless it benefits you.

WHY BUY A VEHICLE?

Ownership

Ownership is the most obvious benefit of buying instead of leasing your next vehicle. If you are looking to keep your vehicle for a longer time, then buying is the better option for you. Plus, choosing to buy rather than lease provides you with the option to customize your vehicle to match your lifestyle.

No Mileage Limitation

If you finance your vehicle, you're responsible for the miles you travel and don't have to worry about any mileage restriction. Leasing requires that you calculate in advance how many miles you'll drive each year. Ownership gives you the freedom to drive as much and as far as you desire without collecting fees.

Payment Flexibility

If you choose to purchase your vehicle, you can finance it or buy it outright with cash. If you buy with cash, you become the owner of the vehicle right away and don't have to worry about monthly payments. If you choose to finance, you have an extended period of time with a loan to pay off the vehicle. For the best outcome when financing, we strongly recommend that you acquire the most affordable, dependable and competitive rates possible, like what we offer here at Hunter Volvo.

True Freedom

When you complete your payment schedule, typically in around four to six years, you own your vehicle. You can keep driving for as long as you desire without any more payments, or sell or trade it at any time. Once you own the vehicle, you are no longer making monthly payments, which means you could potentially place those same funds toward your savings

If you happen to have any questions or would like to get to know us more, come visit us at 2520 Asheville Hwy, Hendersonville, NC 28791. We look forward to serving customers from Asheville, Canton and Greenville.

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