Buying vs Leasing

When you’re setting out to find the next Chevrolet that’s going to get you around the streets of Livonia, Redford, and Wayne, you’ve got a lot to consider. While you can explore the various makes and models, you’ll also want to think about buying vs. leasing and the benefits of each option.

At Feldman Chevrolet of Livonia, we’re here to help drivers get a sense of buying and leasing a Chevy so they can determine which option is best suited for their lifestyle. Keep reading to learn if you’ll buy or lease your next Chevrolet!

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The Benefits of Buying

When you own a car, it’s yours and you can do whatever you want with it. You can install some accessories, get a fresh paint job, or even embark on that long cross-country road trip you’ve been thinking about. Of course, when you buy a car, there’s a few responsibilities attached that you’ll want to keep up with.

Buying a car requires a down payment that’s roughly 15-20% of the car’s overall value. You’ll also need to keep up with service in order for it to remain in good condition. There are some fairly significant services that your vehicle will need later in its life when its mileage is higher.

Benefits of Leasing a Car

Leasing is a great option for Chevrolet drivers who aren’t ready to commit to a vehicle purchase. It gives you the option to find a car that you want and have it for a set of years to help you get around. There’s no significant down payment, the monthly payments can be generally lower than if you’d have purchased the car, and most maintenance is covered under warranty for a duration of your lease term.

While leasing is a great option for drivers who are looking to get behind the wheel of a reliable vehicle for the next few years, there are some guidelines that need to be followed. Most leases include a mileage restriction, so you’ll want to be mindful of how often/far you drive on a daily basis as well as any trips you’re planning. Lastly, the vehicle must be returned in the condition it was originally leased as, and any scratches, dents, or stains will need to be paid for.

Buying vs Leasing: Weighing Your Options

While both buying vs. leasing a Chevrolet gets you behind the wheel of a car you want, they do differ, and it all depends on the option that’s best suited for you. If you’re ready to become a car owner and know exactly what you want, buying a car can be a great option. However, if you’re still unsure of the vehicle you want to own, leasing can be a great opportunity because it’s like an extended test drive and allows you to get around to your destinations.

Are you ready to get started? Do you have more questions? Do you want to review your options? Contact us at Feldman Chevrolet of Livonia or simply schedule a test drive! We’re here to assist drivers throughout Livonia, Redford, and Wayne when it comes to finding the right car!