Buy vs Lease near Orlando, FL
Shopping at Don Mealey Chevrolet puts you in the driver’s seat when it comes to acquiring a vehicle. Your pursuit doesn’t have to involve purchasing a Chevrolet Equinox or Malibu. There’s an option to lease a car, SUV, or pickup truck from our dealership. If you’re curious to know the difference between buying and leasing, we recommend that you read this guide for answer.
Buying
As you know, buying a Chevrolet Traverse or Trax will allow you to own the vehicle. While it’s okay to use a lump sum of cash to purchase a car, it’s not as practical as financing. This means you’ll be able to utilize an auto loan to buy a model you desire. Our dealership has many affiliate lenders that can assist you with funding. After undergoing the terms and conditions, a check will be issued to us, and you’ll be able to drive off the lot and onto paths like Highway 441. Instead of paying us, your earnings will go toward monthly payments to the company that has your finance contract. When you’ve covered all the installments, you’ll be the owner of the Chevrolet.
Leasing
If a shopper wants to show off a Chevrolet Corvette Stingray or Bolt every few years, we encourage a leasing contract. This is a route that allows you to borrow a vehicle for a short period. This duration could be between two and four years. During this agreement, your installments will be less expensive than a finance program. That’s because the payments are based on the depreciation of the model rather than the actual retail price. You’ll receive powertrain and vehicle warranties as well, which means your vehicle is covered if a manufacturer error malfunctions while cruising through Orlando or any other city. At the end of your lease, you’ll have a choice to keep the Chevrolet by switching to financing. If you like the idea of leasing, simply allow the vehicle to return to us and select another model to borrow. Our Finance Center has more answers, so be sure to speak to the sales representatives upon arrival.
Which Is Better?
Driving the latest Chevrolet Tahoe or Silverado 1500 to Dubsdread Golf Course after a period of time will make you the topic of discussion within friend groups. Most of all, you’ll be able to reduce the cost of significant repairs when you get a lease. Permanent ownership lets you keep the vehicle for a lifetime. Although leasing costs less per month, it does come with mileage stipulations that you must accept in order to receive the keys. Purchasing a Chevrolet is free from restrictions with the exception of routine maintenance. Both routes must go through these procedures to keep warranties valid. We understand you have more questions, so stop by our dealership at your earliest convenience and speak to our team members.
