Leasing Vs. Buying a New Chevrolet
Leasing versus buying can be confusing. Below are some guidelines to make it simple to understand the differences. Deciding whether to buy or lease a new Chevrolet often comes down to personal choice. For some, who like to drive a brand new car every few years, leasing might be the better choice. Davidson-Gebhardt Chevrolet offers competitive lease and finance programs. We will always provide the right information so that you make the best decision for you or your family.
Good candidates for leasing a New Chevrolet
- On average drive 10,000-15,000 miles per year or less
- Like a brand new vehicle every few years
Good candidates for buying a new Chevrolet
Like to drive a vehicle for as long as it will run well
Drives 15,000+ miles per year
Pros of Leasing
- Lower down payment
- Lower monthly payment
- Lower repair costs because most warranties are longer than the average lease term
- No need to worry about trade-in value
- Sales tax paid as a percentage of your monthly payment
Pros of Buying
You own your vehicle after you have purchased or financed
Car buying is more economical in the long run if you keep your car for several years
No penalties for excess mileage or wear and tear on the vehicle
You can sell your vehicle whenever you want