Buying vs Leasing: Which Option is Right for You?

At Bill DeLuca Chevrolet, we understand that choosing between buying and leasing a vehicle can be a tough decision. Both options offer unique benefits, so it's important to weigh your priorities and financial situation before making a choice. We are here to help our Andover, Methuen, Lawrence and Lowell area customers explore the advantages of each in order to make an informed decision that suits your needs.

 BENEFITS OF BUYING A CHEVROLET 

Choosing to buy a Chevrolet comes with a range of benefits. These benefits include: 

• Not being limited by mileage. When you buy a vehicle you can drive as many miles as you want without penalty.

• You can use your vehicle as a trade-in on your next purchase.

• Over time, the vehicle will be paid off and there will be no monthly note.

• You are not bound to time-dependent contracts. You are free to sell your vehicle at any time for any reason.

Benefits of Leasing a Chevrolet

Though there are many benefits to purchasing your next car, this may not be the best option for you. When weighing the pros and cons of leasing vs. buying a car, you must consider the leasing benefits. Some benefits of leasing a car include:

• Depreciation of the vehicle does not negatively affect you.

• At the end of your lease, you have the option of paying any fees and walking away without having to find someone to purchase the car from you before seeking your next vehicle.

• Typically, a lease has a lower down payment and lower monthly payments for more day to day affordability.

• When leasing, you are not as limited by your credit.

Make the Right Choice at Bill DeLuca Chevrolet! 

When deciding between buying and leasing, consider your budget, driving habits, and long-term goals. If you prefer lower monthly payments and enjoy driving a new car every few years, leasing may be the right choice for you! On the other hand, if you value ownership and want to invest in a vehicle, buying may be the better option. Whatever you decide, the team at Bill DeLuca Chevrolet is here to help you find the perfect Chevrolet to fit your lifestyle! Visit us today at  339 N Main St Andover, MA 01810, to explore our extensive Chevrolet inventory and learn more about our financing options.You can also reach our sales team at (978) 475-6200 for any questions you may have!