812.514.7282

To Lease or to Buy.

The answer depends on your driving habits and needs. Leases and loans are two different methods of vehicle financing. One finances the use of the vehicle; the other finances the purchase of the vehicle. Each has its own benefits and shortcomings. It is not possible to simply say that one is usually better than the other because it depends on your own particular situation and preferences. You must not only look at the financial comparisons but also at your own personal priorities and driving habits.

BOTH ARE DIFFERENT. BOTH ARE PREFERENCE.

Choosing whether to lease or buy can be an important decision. Consider leasing, if you'd like to drive a new car every two or three years, prefer lower monthly payments, drive under (usually) 12,000 miles per year and want to avoid paying for any major repair work. However, you should consider buying your next vehicle if you like to keep your car for longer than three years and you’re unsure of how many miles you may put on that vehicle annually.

WHY DO LEASES COST LESS PER MONTH

If you lease a vehicle that costs $25,000 and will have an estimated value of $15,000 after two years, your paying for that $10,000 difference in depreciation, plus finance charges and fees. When you buy, you pay the entire $25,000 price tag, plus finance charges and fees. Thus, this is particularly why leasing offers significantly lower monthly payments than buying.

Contact us.

DORSETT AUTOMOTIVE
105 WEST MAYFAIR DR
TERRE HAUTE, IN 47802

812.514.7282

PREFERRED CONTACT METHOD:    Email     Phone/Text