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Tom Naquin Auto Family
2500 West Lexington Ave
Elkhart, IN 46514
Sales: (866) 216-5211
Service Scheduling Hotline: (574) 575-4319
Contact Tom Naquin
Buy vs. Lease
When you’re ready to replace your car or get one for the first time, one of the biggest factors to consider is whether to buy or lease. Buying and leasing both have their advantages and disadvantages, and which one you pick has a lot to do with you and your situation.
People who do a lot of driving and those looking for, say, heavy duty trucks for daily work driving will want to buy a vehicle so that they can put a lot of miles on it and work it hard without penalty from the dealer. In general, you have more freedom to do whatever you want with a car of you own, including alterations or adding on to it.
If you’re looking for a long term commitment where you’ll eventually pay off your loan and own the car outright, buying is a good choice. Buying a car is more expensive initially, but you’ll make up for it when you own the car. If you continually lease a car, you never stop paying for it.
On the other hand, leasing is great for drivers who don’t want a long commitment. If you like to switch vehicles often, test out the latest technology, and go the hassle-free way, leasing is right for you. You can also drive a better car for a lower cost, as monthly lease payments are a lot lower than monthly loans.
If you’re still not sure, ask us at Tom Naquin what we think is best for you!