Buy vs Lease: What Should You Do?

 
When you’re in need of a new set of wheels to help you travel to and from work throughout the Fort Myers and Port Charlotte areas, you’ve got a few options to consider. However, just because you need a car doesn’t mean you have to buy one. Leasing is a popular option for drivers who don’t want to commit to a brand new vehicle purchase or feel that buying and financing a car just isn’t right for their lifestyle.

At Norm Reeves Volkswagen Superstore Port Charlotte, we’ll tackle the buy vs. lease debate to give drivers a better sense of these options so they can figure out the one that’s best suited for them!

Benefits of Buying Your Car

There are plenty of benefits to buying a car. You have a car to call your own, to do with as you please, and to drive as much as you want. You can even put a new coat of paint or add some fun accessories to personalize it and make it an extension of yourself.

But there is a bit of responsibility when it comes to owning a car. You’ll need to care for it in order to keep it in great shape and performing at its best. This means getting regular oil changes and tire rotations, as well as taking care of the more significant services and repairs later in the vehicle’s life. But once you’re ready to move on and find your next car, you can sell it, pass it down in the family, or trade it in as your down payment on your next car.

Leasing a Car

Leasing a car is a great option for people who aren’t ready to buy a car and take on the responsibilities of ownership. However, leasing a car has its own benefits, like generally lower monthly payments and even covered maintenance up to a certain mileage. You’ll have an up-to-date vehicle to help you get around town.

There are a few important factors with leasing that you’ll want to be aware of. When you lease, you’re only getting the vehicle for a few years, and when you return it, you’ll want to make sure that it’s in the condition you originally leased it. Any signs of damage will need to be paid out of pocket. There are also some mileage restrictions with leasing, so you may want to hold off on any extensive road trips.

Deciding Whether to Buy vs Lease

When you need a car, you’ll want to carefully consider both of these options. You’ve learned enough about the pros and cons of both leasing and buying, but in the end, it’s all what path is best for you and your lifestyle. Leasing allows you to utilize a relatively new car while buying one will let you have it for the years and miles.

If you’d like to learn more about buying vs. leasing, or you want to get started at perusing your options, you can always come and see us at Norm Reeves Volkswagen Superstore Port Charlotte. We’re here to help drivers in Fort Myers and Port Charlotte learn more about their options and the many ways that they can get behind the wheel!