Leasing Vs Buying
To lease or to buy – that’s the question on most people’s minds when deciding on a new vehicle from Giant Cadillac. As with any other decision in life, both options have their benefits and drawbacks to consider. We’re here to help you make the best choice when it comes to enjoying your brand-new Cadillac.
Leasing Benefits
Leasing is an attractive option if you frequently upgrade vehicles or simply want a hassle-free ownership experience. Most leases run from 24 months to 36 or even 48 months long, depending on the fine print. These leases also limit the number of miles driven each year, with most offering only 10,000 to 15,000 miles per year.
Here’s a shortlist of benefits for leasing a new Cadillac sedan or SUV:
• Lower Monthly Payments – With a lease, you’re only paying for the vehicle’s depreciation throughout the term. The end result is a monthly payment that costs less than what you’d pay when financing a vehicle.
• More Car for the Money – Since you’re only paying for the vehicle’s depreciation, you also have more opportunities to get more cars for the money. You can step up to a higher-tier model or add a few extra features that you couldn’t otherwise if you were buying.
• Fewer Ownership Hassles – Leasing a Cadillac is genuinely a worry-free experience. Our certified service experts at Giant Cadillac will handle your routine maintenance at little to no cost. Major repairs are also covered under warranty at no cost to you. At the end of your lease, you can turn in your Cadillac and walk away with zero worries.
• Enjoy the Latest and Greatest – Leasing also makes it easier to stay up-to-date with the latest automotive trends. At the end of your 24 or 36-month lease, you can slide behind the wheel of a newer Cadillac and enjoy the latest in creature comforts, technology, and performance.
Keep in mind that the limited mileage also limits how often you can commute in your new Cadillac. Keeping your car pristine is also important, as cosmetic flaws like scuffs, scrapes, and scratches can take away from the vehicle’s value. At the end of the lease, you could end up paying for any scratches, dents, and any other cosmetic flaws found during lease turn-in.
Buying Benefits
It’s not unusual for Cadillac owners to love their vehicles so much that they want to keep them for as long as possible. That’s one of the reasons why some shoppers prefer to buy instead of lease. Consider these benefits that come with purchasing your Cadillac via financing:
• Flexible Financing Options – Purchasing a new Cadillac gives you plenty of financing options. You can go with in-house financing or obtain outside financing from your local bank, credit union, or lending house.
• Complete Ownership – Once you’ve made your last car loan payment, your Cadillac is officially yours. For many people, there’s no better feeling than the satisfaction that comes from truly owning your vehicle. You can even choose to buy your Cadillac outright and enjoy complete ownership from the start.
• Zero Restrictions – Unlike a lease, a car loan doesn’t come with any restrictions on mileage. That means you can drive anywhere you want and rack up the mileage without worrying about mileage penalties. No restrictions on cosmetic appearance also mean you can customize your Cadillac to your heart’s content.
• Building Equity – Financing your Cadillac also means building up equity you can use later on. This comes in handy if you want to sell or trade your Cadillac in for a newer model, as you’ll recoup part of the costs of your previous vehicle.
Buying also comes with its own set of downsides with the biggest one being depreciation. There’s no getting away from losing over 10 percent of your vehicle’s value no sooner than you drive away from the showroom in your brand-new ride. There are ways you can mitigate the depreciation hit, which include taking a closer look at our certified pre-owned offerings at Giant Cadillac.
Buying also comes with higher monthly payments for those who finance. There are also the higher down payments and fees that often come with buying, although special financing options and incentives can help offset these extra costs.
Which Works Best for You?
Whichever option you go with, whether it’s buying or leasing a new Cadillac, depends on your own preferences. Go with the option that best fits your lifestyle as well as your budget. Either way, you’ll always have our specialists in your corner to help you make becoming a Cadillac owner a seamless and hassle-free process.
Leasing is an attractive option if you frequently upgrade vehicles or simply want a hassle-free ownership experience. Most leases run from 24 months to 36 or even 48 months long, depending on the fine print. These leases also limit the number of miles driven each year, with most offering only 10,000 to 15,000 miles per year.
Here’s a shortlist of benefits for leasing a new Cadillac sedan or SUV:
• Lower Monthly Payments – With a lease, you’re only paying for the vehicle’s depreciation throughout the term. The end result is a monthly payment that costs less than what you’d pay when financing a vehicle.
• More Car for the Money – Since you’re only paying for the vehicle’s depreciation, you also have more opportunities to get more cars for the money. You can step up to a higher-tier model or add a few extra features that you couldn’t otherwise if you were buying.
• Fewer Ownership Hassles – Leasing a Cadillac is genuinely a worry-free experience. Our certified service experts at Giant Cadillac will handle your routine maintenance at little to no cost. Major repairs are also covered under warranty at no cost to you. At the end of your lease, you can turn in your Cadillac and walk away with zero worries.
• Enjoy the Latest and Greatest – Leasing also makes it easier to stay up-to-date with the latest automotive trends. At the end of your 24 or 36-month lease, you can slide behind the wheel of a newer Cadillac and enjoy the latest in creature comforts, technology, and performance.
Keep in mind that the limited mileage also limits how often you can commute in your new Cadillac. Keeping your car pristine is also important, as cosmetic flaws like scuffs, scrapes, and scratches can take away from the vehicle’s value. At the end of the lease, you could end up paying for any scratches, dents, and any other cosmetic flaws found during lease turn-in.
Buying Benefits
It’s not unusual for Cadillac owners to love their vehicles so much that they want to keep them for as long as possible. That’s one of the reasons why some shoppers prefer to buy instead of lease. Consider these benefits that come with purchasing your Cadillac via financing:
• Flexible Financing Options – Purchasing a new Cadillac gives you plenty of financing options. You can go with in-house financing or obtain outside financing from your local bank, credit union, or lending house.
• Complete Ownership – Once you’ve made your last car loan payment, your Cadillac is officially yours. For many people, there’s no better feeling than the satisfaction that comes from truly owning your vehicle. You can even choose to buy your Cadillac outright and enjoy complete ownership from the start.
• Zero Restrictions – Unlike a lease, a car loan doesn’t come with any restrictions on mileage. That means you can drive anywhere you want and rack up the mileage without worrying about mileage penalties. No restrictions on cosmetic appearance also mean you can customize your Cadillac to your heart’s content.
• Building Equity – Financing your Cadillac also means building up equity you can use later on. This comes in handy if you want to sell or trade your Cadillac in for a newer model, as you’ll recoup part of the costs of your previous vehicle.
Buying also comes with its own set of downsides with the biggest one being depreciation. There’s no getting away from losing over 10 percent of your vehicle’s value no sooner than you drive away from the showroom in your brand-new ride. There are ways you can mitigate the depreciation hit, which include taking a closer look at our certified pre-owned offerings at Giant Cadillac.
Buying also comes with higher monthly payments for those who finance. There are also the higher down payments and fees that often come with buying, although special financing options and incentives can help offset these extra costs.
Which Works Best for You?
Whichever option you go with, whether it’s buying or leasing a new Cadillac, depends on your own preferences. Go with the option that best fits your lifestyle as well as your budget. Either way, you’ll always have our specialists in your corner to help you make becoming a Cadillac owner a seamless and hassle-free process.