Should I Lease or Buy a New Car in Western PA?

If you're looking for a new car in Western PA, you might be wondering if you should buy or lease. There's no real right answer; each one has their pros and cons. Buying or leasing really depends on your lifestyle, how long you want to own the car, and how much you intend to use it.

Leasing

  • Cheaper; only pay the difference between the vehicle's current value and its expected value when your lease is finished
  • Lease is almost entirely within the vehicle's warranty
  • Can purchase when the lease is up
  • Lower monthly payments for new models
  • Mileage limitations

Buying

  • Car is completely yours once it is paid off
  • No mileage limitations; can drive as much as you want
  • Lower insurance costs

Buying or leasing each have their upsides and downsides. It really depends on what is best for you. If you're not sure which option is best, we have a helpful chart comparing the two options. For more help, just give us a call at (888) 299-1527, or come visit us here in Canfield, OH. We are happy to go over buying vs leasing with you, and to help you decide which option is best for your lifestyle.

Categories: Finance

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