NEW GMC FINANCING VS. LEASING IN LANSING, MI
What to Know About Buying vs. Leasing Your Next Vehicle at Crippen GMC in Lansing, MI
Shopping for a vehicle comes with a huge array of decisions to make. You need to choose a model that's the size and body style you need for your daily life. Then, you have the fun of deciding on a color and the features you require. While it can all be rather exciting, it can also start to feel kind of overwhelming. Finally, once you've determined your perfect vehicle, you have another decision to make. If you're financing your new ride, you'll need to decide whether to buy or lease.
Our team understands car shopping can sometimes lead to decision fatigue and overwhelm, but we're here to help. Not only do we have a team of helpful and knowledgeable sales professionals who can assist you in finding your ideal vehicle, our finance team is excellent when it comes to providing an overview of your financing options and the pros and cons of each. We want to ensure you have an anxiety-free experience when you trust us with your automotive needs. Here's a short primer on buying vs. leasing to better prepare you for your visit to our dealership near Potterville, MI.
Benefits of Buying
First, it's important to understand that both buying and leasing offer their own set of advantages. Which is right for you depends on factors like your budget, preferences and goals.
Let's start with reasons consumers may want to opt for conventional financing. An auto loan allows you to pay for your purchase over a certain pre-determined amount of time. When the final payment is made, you then own your vehicle free and clear. In the meantime, you have a number of privileges that buying offers. You can make modifications to your vehicle, even if they're permanent. You're free to drive unlimited miles through Holt, MI and beyond, and there's no penalty if you decide to sell or trade your model early. In addition, you'll be gaining equity as you continue to make payments, and this gain can be used toward your next vehicle purchase.
Leasing Perks
A growing number of drivers are leaning toward leasing these days. Perhaps the top advantage they cite is the affordability this financing method allows. The monthly payment on a lease is usually quite a bit less than that on a comparable model loan. Your costs are less because you won't be responsible for paying the entire retail balance of your vehicle. You aren't buying it. You're merely covering the cost of depreciation that occurs while the vehicle is in your possession. Most lease terms are only for about two years, so you're also likely to save on maintenance costs. A pro for many is that they are able to afford a vehicle with the features and amenities they most desire, then get a newer one at the end of the lease. The flexibility is appealing.
Apply for Finance Online
Hopefully, this overview has provided you with enough information to help you feel more confident in your finance options. Whether you want to buy or lease your next vehicle, or even if you're still unsure, you can apply online for finance right here on our website from the comfort of your DeWitt, MI couch. Submitting an online application is a convenient and straightforward method to get the ball rolling.
Once we receive your application, our finance department will begin working to find the best deals for you. If you'd prefer to apply in person, that's also fine. Come by our dealership near Grand Ledge, MI where you can view our entire inventory and test drive your top picks. We're here to accommodate your needs and provide you with a hassle-free shopping experience.
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Crippen GMC
8300 W SAGINAW HWY
8300 W SAGINAW HWY
LANSING, MI 48917
- Sales: (517) 680-4433
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