Buy or Lease, is there a better option?
When thinking about getting into a new vehicle, our first instinct is to buy. "I'm going to buy a car!" we say, but what about leasing?
Many people think leasing a car is more restrictive, but it's actually quite flexible! You're basically test driving the vehicle for a couple years, and when those couple years are up, you can change vehicle. Family is getting bigger? Make your next lease a more spacious one! Long story short, leasing makes it easier if you want to change vehicle more often. "But what about the mileage limits?" we hear you say! If you know you're going to be on the road quite a bitt, your can buy extra mileage packages that are usually more profitable than the band-aid-ripping feeling of getting that extra mileage fee bill.
When your contract is up, you also get the option to buy it out if you fell in love with it and it could be advantageous for you. If the car is worth less than what you owe, the dealership will most often pay you the difference!
That being said, you also get better chances of approval! Why? Simply because the dealership has the guarantee you'll bring it back in 2-3 years at the end of your contract. If you are a first time buyer or if your credit score has had some hiccups even, leasing might just be the best option for you.
Not sure? Give us a call or write us a message and we'll answer all your questions! Direct2Wheels is here to help!