The decision to finance or lease an automobile represents a major decision. If you are deliberating whether or not you should purchase a car with a loan or lease one, you need to consider the positive elements of each course.
When it comes to financing the purchase of an automobile, one of the main benefits is that you end up owning the vehicle after the loan is paid off. Another positive element of financing a car is that you build your credit. Finally, when you elect to finance the purchase of a car, you typically get to select from different lenders.
On the other hand, a benefit of leasing is that you usually end up with lower monthly payments. In addition, the term of the warranty is usually the same as the term of the lease agreement. Finally, a benefit of leasing is you oftentimes can move up to a higher level car sooner.
If you want more information on your leasing and financing options, stop by the dealership at Bill Gaddis Chrysler and visit with a member of our staff.