Are you looking to purchase a new car in Okarche, OK? If so, you likely have a budget to work with. But paying for a new vehicle upfront is not possible for most people. At Carter Chevrolet, many customers opt to finance or lease their new car instead.
However, you might wonder about the differences between financing and leasing. You may want to know whether buying or leasing your next car is the better option. To answer your questions, let’s take a look at the qualities of both vehicle payment methods.
Some customers prefer to finance their vehicles when they visit our dealership. This payment method has various benefits, including:
By financing your car, each monthly payment contributes towards building equity. After the payment period is over, which is usually 36, 48, or 60 months, you will own the car outright.
When you own a car, you have the freedom to customize it to your liking. You can give it a custom paint job, install a high-quality sound system, or upgrade it to make it more unique to your sense of style. You wouldn't have the option to make modifications to a leased vehicle since the dealer retains ownership.
Another payment option available is leasing a vehicle. When you lease a Chevrolet vehicle, you essentially borrow the car for a specified duration. You have the choice to purchase or return it after the lease term ends. Here are some advantages of leasing a Chevy car:
Generally, leases have lower down payments and monthly payments than financing plans. This means you can drive a higher-end car for a lower price. You can also keep more funds in your account throughout the lease.
Lease terms are usually shorter than financing plans, typically 24 or 36 months. This means that when your lease is up, you can trade the car in for a new one with the latest technology, design, and performance features.
If you're currently in the market for a new vehicle, you might be pondering whether to buy or lease. At Carter Chevrolet in Okarche, OK, you’re welcome to explore your payment options. Our knowledgeable finance staff is also available to answer your questions regarding car financing and trade-in processes. Feel free to contact us to learn more. You can also visit our Chevrolet dealership in Okarche to discuss your options, test drive your choice of Chevrolet vehicles, and take the next steps toward driving away in your dream car.