Deciding to get a new vehicle is always a little exciting. It may feel like a chore to find the right dealership, and then to find the perfect car, but there is a small element of excitement involved no matter how long the process may be. One way to make getting a new car less of a chore is to decide early on what type of ownership option is best for you. Figuring out whether it’s a better choice to lease or to buy can be difficult, especially if you aren’t familiar with the process. Here are a few differences between leasing and buying your new Chevy in Naperville, to help make the decision a bit easier.
The most important thing to keep in mind when deciding if buying new or leasing is right for you is the amount of mileage you will likely put on the vehicle. Drivers who tend to travel far, and who drive over 12,000 miles per year may want to consider ownership. The terms of most leases restrict the number of miles you can drive per year, with expensive penalties imposed for going over. If you find that you mostly travel within the area, and don’t often take long road trips, you may find leasing to be a better alternative.
Consumers who use their vehicles primarily for business related purposes, for short trips throughout the area, may find leasing to be a more attractive option. Drivers who tend to use their vehicles primarily for personal purposes, or for a healthy combination of business and personal, may find ownership to be a more attractive option. Ownership gives you the freedom to make customizations to the vehicle, and to make your own repairs. The terms of most leases specify when and where the vehicle can be repaired, and often don’t allow for any customization.
If you’re the type of person who enjoys watching your monthly payments decrease, or who looks forward to having those monthly payments pay off in terms of ownership, buying new may be ideal for you. Leasing a vehicle does give you many perks, but at the end of the term you will not own the car. For those whose ultimate goal is ownership, buying new may be for you.
For more information about the differences between leasing and buying a new Chevy in Naperville, contact Hawk Chevrolet Cadillac at www.hawkchevycadillac.com.