Buy Vs. Lease

by | Sep 2, 2016 | Automotive

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If you are considering getting a new car you really have two choices when it comes to acquisition; buy the car or lease it. It is hard to say which approach is best because there are many variables and trade-offs. By taking a hard look at your needs, your finances and your lifestyle it can help you decide whether you should buy your new Chevy in Bolingbrook or lease it.

If you are involved in business you may find it useful to have a luxurious car when you entertain clients; in situations like this leasing may be the answer as you can get more car for less money and, you can look forward to a good tax write-off. If, on the other hand, your job is such that you don’t need a luxurious vehicle and you want to keep your costs as low as possible you might be money ahead to buy a quality new or used Chevy in Bolingbrook and keep it for a good number of years.

Bothe buying and leasing have their pros and cons, not all of which are based on nothing more than dollars and cents, often your tastes and priorities play a bigger role in deciding the best choice for you.

Pros and cons of both:

Bear in mind, even though there are pros and cons, there is often not a perfect answer to whether buying or leasing a new Chevy in Bolingbrook is the total solution. The following are the primary advantages and disadvantages.

   * Leasing advantage: Low down payment, lower monthly payments, better car for less money.

   * Leasing disadvantage: Limit on the number of miles driven and you own nothing when the lease period is over.

   * Buying advantage: More economical over the long run and you can put as many miles on it as you wish.

   * Buying disadvantage: Higher down payment, higher monthly payments, a lot of cash invested in an ever depreciating asset.

Leasing will definitely get you more car for less money while buying the car allows you to do with it what you wish. The beauty of options is the consumer can decide what is best for them. If you have decided on a new Chevy in Bolingbrook, you are given the choice of either leasing or buying the vehicle from Hawk Chevy Cadillac. New Chevys are available for less than $200 a month.

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