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Buying Vs. Leasing At DeVoe Buick GMC

2019 GMC Terrain

Which Option is Right for You?

As you can see, there are two great options when considering a new car. Leasing allows for lower monthly payments, but your miles will be limited. Buying a new car gives you the freedom to do whatever you want, but will be more expensive monthly. If you are wondering which option is best for you, we invite you to get in touch with our finance department. They will thoroughly explain the benefits and costs of each option.
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    BUYING VS. LEASING AT

    If you're in the market for a new car, we're sure that you're considering whether to buy or lease. The idea of getting a new car every few years is definitely appealing, but the idea of being able to customize your new car is as equally appealing. Here at we want to help you make an informed choice and ultimately the right choice for you! There are several pros and cons when it comes to buying or leasing your new car. You just have to decide what is most important given your lifestyle and financial situation.
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        Pros of Buying a New Car

        When you opt to purchase a new car, it's yours and you can do whatever you want with it. If you want to take it on several cross-country road trips, you can! When you buy a new car, you aren't held to mileage restrictions like you would be in a lease. If you drive your car for a few years and decide that you want a different one, you have the freedom to sell at any time. If you're someone who likes to do your own modifications, buying is definitely something to consider. When you own a new car, you can modify and upgrade as many things as you would like without running it by the dealership or original equipment manufacturer (OEM) first.

          Cons of Buying a New Car

          As you can see, there are many pros to buying a new car, but there are also some other things to consider. When you buy a new car, you may be required to put down more money up front. It's also likely that your monthly payment will be higher than it would be if you were to lease. If you're someone who likes to have the latest and greatest technologies and options, buying may not be the best option. If you want to have the latest, you will have to sell your vehicle or trade it in and the depreciation that goes along with that can be a little unsettling.

            Pros of Leasing a New Car

            If you choose to lease, you get to drive a brand new car every few years. When you choose leasing and have a brand new car, you don't have to worry about repair or maintenance bills which could save you significant amounts of money over time. If your car is leased, it is still covered by factory warranty which means any repairs or maintenance that comes up will be at no cost to you. Most leases require little or no down payment up front and have lower monthly payments. The new car that you thought was out of your league may be cheaper to drive than you think! With lower monthly payments, you can opt for a higher trim level for more luxury and comforts.

              Cons of Leasing a New Car

              Leasing is definitely a viable option, but you should also be informed of the cons that come along with the lease contract. When you lease, you don't actually own the car. Any upgrades or modifications that you make, you will have to run by the dealership or OEM. You can also expect your miles to be limited to 10,000-12,000 per year. Driving over your allocated miles will cost you. You should also consider how often you plan on getting a new car because ending a lease term can be very expensive. It's important to consider how much you drive and how often you want to get a new car before you sign a contract to lease.