Buying vs. Leasing Your Car

 A dealer giving car keys to two happy customers

  

Getting a new car is exciting for first-time buyers and seasoned drivers alike, and depending on your needs and circumstances, the best car-buying decision for you may not be the most obvious. After you've taken a look at the new vehicle inventory and decided which model to purchase at our Chevy dealership in Grayslake, IL, you'll need to choose between buying vs. leasing. Let the Rock Chevy team help you come to a decision so you can be happy with your choice for miles to come. To learn more about whether financing or leasing a Chevy car, truck, or SUV is right for you, continue reading our research.

Be sure to check out new vehicle incentives at our Chevy dealership in Grayslake, IL for car, truck, and SUV finance and lease deals.

Buying

Are you wondering whether buying your next vehicle is the best route? We've listed some of the important pros and cons of car buying and financing.

Pros

  • Once you submit your final payment, the vehicle is yours to keep, which means you gain equity and have the ability to sell it at anytime.
  • There is no mileage restriction, so drive as often as you like, whenever you'd like.
  • Customize your vehicle as much as you'd like.

Cons

  • The vehicle will depreciate in value and it will affect you the most when you sell or trade it in.
  • Prepare to have a sizable down payment for financing and smaller monthly payments.
  • Once the vehicle warranty is up, you will be responsible for any and all repairs.
A red 2018 Chevy Tahoe parked with its trunk open
   
 

Leasing

Have you considered leasing in the past? Let our team help you understand the benefits and drawbacks that come with leasing a Chevy car, truck, or SUV.

Pros

  • Your lease payments are based on the depreciation that occurs during your lease, so monthly payments are typically less expensive than an auto loan payment.
  • When the lease is up, all you need to do is hand over the keys to the dealership. You can also purchase the vehicle for its remaining value.
  • Your leased vehicle will be under warranty for the entirety of the lease so major repairs will be covered at no extra cost to you.

Cons

  • You are limited to how many miles you can drive. If you exceed the agreed-upon mileage at signing, it will cost extra.
  • Excessive wear and tear will cost you when you turn your vehicle in at the end of the lease.
  • You don't own the vehicle, so you cannot customize it as you wish.
 

Are you ready to get started with financing or leasing a vehicle at our Chevy dealership in Grayslake, IL? Check out current finance and lease deals to see if you can save on your next vehicle purchase or lease at Rock Chevy. Should you need more information regarding buying vs. leasing at our dealership, contact our team by using the online form or calling (866) 927-2290.

 

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