Buy vs Lease near Fishers, IN

When it comes time to invest in a new set of wheels, understanding what options you have available is a vital part of getting the best vehicle for the best price. Here at Eastgate CJDR, we want all our customers to be aware of what options are open to them, so read on to learn the differences between financing and leasing one of our models.

Financing a Vehicle

When you purchase a vehicle from our lot, you can look forward to enjoying it to your heart’s content with no restrictions. Because you’ll be the outright owner of the auto, you don’t have to worry about adhering to any contract requirements either. Your only concern will be meeting monthly installments, and even that is far from a negative. Getting your payments in on time will gradually increase your overall credit score, which is an excellent benefit that can help you acquire a new set of wheels in the distant future. And of course, when that time comes, you can trade in your vehicle to cut the cost of the down payment considerably.

Leasing a Vehicle

Leasing a is like borrowing it for your commutes across the Fishers area. You don’t have ownership of it in the literal sense, but it is yours to drive for however long your leasing contract lasts. However, one key point to keep in mind is that most lease agreements last two to four years, and include a mileage limit. This means you’ll only be able to drive the vehicle so many times to Hamilton Proper Park before you hit that threshold. Then, when it’s time to part ways with your leased model, you’ll have different options than what you’d get with a financed vehicle, as you can’t simply sell it off for the best offer.

Which Is the Best Choice?

Because financing and leasing both come with their own pros and cons, determining which is the better option will largely depend on your current financial situation. Do you need a reliable set of wheels that you can drive for the next several years without restrictions? If the answer is yes, then buying a car outright would likely be best. On the other hand, if you only go out every now and again for a cruise down Brooks School Road, then you may find yourself better suited to a leased auto, as the mileage limit won’t be as significant of a hindrance to you. Coming to a conclusion on which method to pursue is not always easy, so feel free to contact our Finance Department for more information.