Buy vs. Lease

 

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

If you have more questions about what decision is best for you, please reach out to our sales staff here at Jackson Acura and we will happily help you come to a decision!