It's that time again -to start looking for a new car in the Atlanta, Roswell, and Alpharetta areas.
First you'll want to figure out the want and needs you have in mind for a new car and that will overall help you decide what's the best option for you and your budget. Don't worry; Jackson Acura has listed a few things you'll want to keep in mind.
Lease
- Monthly payments will be lower as you are not paying interest rates
- Less money down needed for the deposit
- Length of leases are typically for 24, 36, 48, or 60 months
- Responsible for routine maintenance services such as oil change and etc.
- Yearly mileage limitations
- Car technology is greatly advancing and leasing will allow you to upgrade to the latest tech every 2 to 3 years
- Either turn the car in at the end of the lease term or purchase for the depreciated value
Buy
- You actually own the vehicle
- Monthly payments are higher since you are paying interest
- Larger down deposit is necessary
- Responsible for all service costs not covered by warranty
- Once car loan is paid off, vehicle can be modified to your liking
- Can keep or sell the car at any time since it's yours
- Resale value will depend on upkeep of vehicle