Buy vs. Lease


buy or lease a vehicle in greenfield
 

Should I Buy or Lease My New Car?

Buy a new car, lease a new car, wait for finance car specials, opt for lease specials-there are a number of advantages to all of these options. While the following information may help customers decide which option is right for them, our dedicated Dellen Chevrolet GMC finance team near New Castle is equipped to discuss every unique situation-and whether leasing, buying, or purchasing benefits you more. 

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Benefits of Buying a New Car

Buying a new car usually entails financing it: taking out a loan to make the purchase, then paying it back, along with traditional loan fees and interest, over time-all the while with the car in your possession and under your name. 

  • Upon purchasing in full or paying off your car's loan, the vehicle is yours to keep.
  • There's no penalty for exceeding mileage limits, as is the case with a lease agreement. You can drive an unlimited amount of miles each year. 
  • You can modify your vehicle in any way you'd like.
  • You can capitalize on the benefits of selling your vehicle privately, selling it to us, or later trading it in to purchase a new or certified pre-owned vehicle in the future.

Benefits of Leasing a New Car

When you lease a car, you make monthly payments to drive it during a set term-often 12-24 months. These payments typically cost less than a monthly payment for financing the vehicle, and most people who lease return whatever they're driving before the lease term ends. 

  • Leasing a vehicle provides you with the chance to transition from vehicles more frequently and for less money. 
  • At the end of your lease, you'll have the option to start a new lease or purchase your vehicle.
  • Depending on your lease term, you'll likely be covered by a manufacturer warranty for the duration of your lease. 

Shop New Cars, Trucks, and SUVs in Greenfield, IN 

If you're interested in hearing more about reaping the benefits of buying or leasing a new or used vehicle, our new inventory, or you would like to test drive a model that you've got your eye on, contact us online or visit us personally at our conveniently located Dellen Chevrolet GMC dealership servicing all customers in Greenfield, Indiana and near New Castle. 

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