Leasing VS Buying
Leasing Advantages: Please keep in mind, leasing is for everyone. Not just for business owners or large corporations.
- Low out of Pocket cash.
- Low monthly payments. Because you only pay for the portion of the car or truck that you actually use, your monthly payments are 30%-60% lower than for a purchase loan for the same car and same term.
- Sales Tax is only paid on the monthly payment. (vs. total sales tax paid in full on a purchase*)
- No trade-in hassle. (no negative equity on a lease since our leases are closed-end)
- You can purchase the vehicle at the end of the lease if you so desire.
- Ideal if you drive less than 25,000 miles per year.
- Leasing a vehicle allows you to have a new vehicle every 3 - 4 years!
- More Car, More Often. Since your monthly payments are lower, you get more car for the same money and drive a new vehicle every two to four years, depending on the term length of your leases.
- Fewer Maintenance Headaches. Most people like to lease for a term that coincides with the length of the manufacturer's warranty coverage so that if something goes wrong with the car, the repairs are always covered.
- No Used-Car Hassles. With leasing, the headaches of selling a used car are eliminated. When your lease ends, you simply turn it back to the leasing company and walk away, unless you decide to buy it or trade it.
- Gap Coverage Included. Most leases automatically include free "gap" protection in case your vehicle is totaled in an accident or stolen, and you still owe more than the vehicle is worth. Loans do not generally come with gap protection.
When you buy a car, you can be locked for five to six years in a long contract. Leasing with Best Buy Auto Leasing LLC grants you the luxury of changing cars sooner than if you buy a car. You can be driving what you want, when you want rather than being stuck in a car you're sick of driving.
- For those who drive over 25,000 miles per year
- For those who keep their vehicle for over 5 years
- Vehicle manufacturer may have special financing available...which may equal the same low monthly payment as a lease or less over a longer term.
Cash Buyers Advantages:
- Great for fixed income or if you are retired
- No monthly payments!