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    Lease vs. Finance

    Can’t decide whether you should lease or finance a new car? The team at Auffenberg Dealer Group can help you decide.

    Leasing is ideal for drivers who want a temporary option or a lower monthly payment while financing offers the benefit of full ownership.

    Let’s delve into the details of leasing vs. financing before you visit us in Shiloh to browse our new inventory.

Frequently Asked Lease Questions

Woman from Shopping for New Car

Q: What if I don’t have a large down payment?

A: While a bank might require a large downpayment for a loan, a dealership has other options. A new car lease is a great way to access a more luxurious vehicle for less, including the latest tech with the option to upgrade to the newest model every few years. Additionally, monthly lease payments are generally lower than monthly car loan payments.

Q: What if I plan on driving my car for the long-term?

A: Lots of drivers like to drive their car until it’s ready to be put out to pasture, and we can sympathize. If you’re the type of driver who likes to see things through to the end, you may be better off financing your new car. You’ll eventually reach the point where you own your vehicle and will no longer have to make payments – then you can either trade in your vehicle or keep on driving it once you’ve gained equity.

Q: If I want the latest advanced tech and features, should I buy or lease?

A: If you’ve ever sold or traded a car, you know it’s not the most exciting experience; leases streamline things and let you easily return your vehicle and lease a new one. You can certainly buy a car and trade it back in toward a new vehicle when that new tech arrives, but if you like to be at the forefront of features, a lease is your best option.

Q: Can I customize my car when I lease?

A: Maybe. It depends on what you mean by “customize.” Some dealerships will allow you to choose your trim level or add on factory accessories. If you want to go beyond that and add on aftermarket parts, though, you’re out of luck on a lease. Folks who like performance cars or customization should finance to own.

Couple signing paperwork for their new  car
Working with a finance officer to purchase a new car

Q: What if I don’t want to deal with the maintenance and repairs?

A: Maintenance and repairs are a reality of driving, but if you lease, many repairs and maintenance needs are covered. That said, even if you finance, many new cars either include service plans or have them available so you can save on routine maintenance (like oil changes).

Q: If I drive a lot, should I buy or lease my next car?

A: Many modern leases have a wide range of mileage limits, but even then, it’s still a limit. If you want to pile on the miles, you should buy your next car. Leases are based on a certain level of depreciation, and if you drive too much, it’s possible you could rack up fees.

Rely On Auffenberg Dealer Group For Lease & Finance Assistance

When you’re ready to choose your next car, make the trip to Shiloh to see your top picks in person, including the award-winning vehicles we have in stock. Before stopping by, be sure to check out our current special offers and learn about financing with poor credit. If you have any more questions about how to buy or lease a new car, or would like to know about what liability insurance covers, please don’t hesitate to contact us at your convenience.

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