Buy vs. Lease Your New Vehicle | Greenville, NC | Near New Bern, Washington, Wilson & Rocky Mount

Buying VS Leasing
Buy vs Lease

Buying vs. Leasing Your New Vehicle in Greenville, NC

If you're looking for a new vehicle, you've probably put some thought into what make and model you want. Have you decided if you'd rather lease or buy? That choice can be a difficult one, and we want to help you weigh your options. Check out our list of the advantages of buying and leasing.

WHY LEASE A VEHICLE?

Freedom of Choice

One of the biggest perks of leasing a vehicle is greater freedom of choice. You can choose to drive a new vehicle every few years, and you're able to postpone the purchase decision without having to sell or trade the car.

Flexibility

Leasing terms normally last between 24 and 60 months. With shorter terms, you can make more affordable payments and can choose your mileage when leasing. While you're typically given 12,000 or 15,000 miles per year, you have the option to purchase more miles at signing if you need a higher mileage limit.

Lower Payments

Because you're only driving the vehicle for a limited time, your monthly payments and your financial responsibility may be substantially less. Not ready to put down a large down payment? There are leasing options that require $0 down.

Hazard-Free Driving

Most leases last for two to three years, so your vehicle is generally covered with warranty protection for as long as you have it.

True Convenience

When your lease ends, you can simply return the vehicle and pay any remaining fees (such as for excess mileage or wear and tear) and taxes. Or, you can buy the car at a predetermined price. Whatever you decide, you don't need to sell or trade the car unless it benefits you.

WHY BUY A VEHICLE?

Ownership

Ownership is the main perk of choosing to buy. Purchasing is a better option if you intend to keep your vehicle for a longer period of time. When you choose to buy, you can also customize your car to match your lifestyle.

No Mileage Limitation

With a lease, you must calculate in advance how many miles you'll drive each year and pay fees if you go over the mileage limit. Ownership gives you the freedom to drive as much as you want without collecting fees.

Payment Flexibility

There are two options if you decide to purchase your vehicle: finance it or buy it outright with cash. If you buy with cash, you become the owner right away and don't have to deal with monthly payments. If you finance, you have an extended period of time with a loan to pay off the vehicle. When financing, we advise getting the most affordable, reliable and competitive rates possible, like what we offer here at Joe Pecheles Volkswagen.

True Freedom

It typically takes four to six years to finish your payment schedule. From that point on, you own the vehicle and can keep driving for as long as you desire, or sell or trade it at any time. With no more monthly payments, you could potentially place those same funds toward your savings.

If you happen to have any questions or would like to get to know us more, come visit us at 3021 Evans St. Greenville, NC 27858. We look forward to serving customers from New Bern, Washington, Wilson and Rocky Mount.