Auto Lease vs Buying a Car Puyallup, WA
When it comes to buying or leasing a car the options can be confusing. To help you make an informed decision we have provided the information below. We hope you find it informative and useful. When you buy the new or used car you pay for the entire cost of the vehicle. When you lease the new or used car at Bill Korum's Puyallup Nissan, you pay for only a portion of the vehicle’s cost, which is the part you use during the time you are driving it.
Buying or Leasing a Car
People ask a lot of questions as to whether to buy (finance) or lease a car. How do I get the best deal? Is leasing a car cheaper than buying? How much do you pay to lease a car? Thankfully, we’ve got your questions answered, Tacoma drivers. Leasing a car is generally less expensive than buying, but there are some restrictions you should be aware of. Regardless of if you buy or lease a car, the team at Bill Korum's Puyallup Nissan is ready to answer your questions. We’re close by to Bonney Lake in NW Puyallup, meaning we’re not far from where you live.
Total Costs of Ownership
If you’re looking for total costs of owning a car, you’ll want to know that leasing a car is cheaper than buying. You’ll pay a lower down payment, get lower monthly payments, and your term will be shorter which means less money leaves your pocket overall.
However, there’s a few things to consider when you think about your options. If you lease your car, you don’t own the vehicle outright. It’s still the property of the dealership unless you decide to buy out your lease at the end of its term. Once your lease term, typically 36 months, is up, you’ll return the vehicle to the dealership if you opt against buying out your lease. In addition, you’re subject to restrictions on the vehicle you own. You’ll have to adhere to mileage restrictions, typically 10,000 miles a year, and you’ll be limited in your customization options because the vehicle doesn’t belong to you.
Your Vehicle Awaits, Federal Way
You’ve gotten the basic facts as to whether it’s easier to buy or lease a car. Now, we think you should come over to Bill Korum's Puyallup Nissan in NW Puyallup to try out one of our new vehicles for yourself. We’ve also got a used vehicle selection we think you’ll love. Ready to start? Get in touch with us today to get the process going.