During the car-buying process, you will be faced with a lot of decisions. From the make and model you want to the color of your new car, these choices might seem endless - and how you want to finance your new vehicle might be the biggest decision of all. That's why we've put together a list of pros and cons of buying and leasing a car to help you make an informed choice.
Leasing
When you buy a vehicle, you're responsible for the entire purchase price - that isn't the case when you lease, though. Instead, you pay only for the difference in the price and the car's expected value at the end of the lease term (typically two or three years). This means that both your down payment and your monthly payments will be significantly less than they would be if you purchased the vehicle. You also will always have a vehicle that is covered by a warranty, since you will only drive it for two or three years.  

Along with these pros, leasing a vehicle also has some cons. For instance, there is typically a mileage restriction built into the contract. This typically means you can drive from 9,000 to 15,000 miles per year before you are charged a hefty fee. You also must return the car in nearly its original condition with no excess wear or damage - and no customizations that can't be easily removed. If you don't do so, you will be charged fees when you go to return your vehicle.
Buying
One of the biggest positive points of buying a new car is that the vehicle will be yours as soon as you finish off paying the loan. This means you can do whatever you want, whenever you want to your vehicle. Whether that means customizing it or driving it for however far you need without worry, the options are yours.  

Despite this big positive, though, buying also does have a downside. Initially, you will have to pay more than you do when you lease a vehicle. This means a higher monthly payment and a higher down payment. You might also experience repairs when the vehicle's warranty has run out, which means you will have to pay out-of-pocket.

Whether you choose to lease or buy in the end, our sales associates at Bill Crispin Chevrolet will make sure you get the best possible deal on the car you really want.