One of the first decisions Henrico drivers will need to make when shopping for their next vehicle is to choose between leasing vs. buying. If it’s been a while since you’ve dealt with this conundrum, or you’re a first-timer, take a moment to review the difference between leasing and financing. Then, fill out a pre-approval and contact the financiers at Rick Hendrick Chevrolet Buick GMC Richmond!
When you lease a vehicle near Glen Allen, you’re basically renting a car for a temporary amount of time and only paying for the depreciation that occurs over the length of your lease term. When you buy, you’re taking out a loan on the full value of the vehicle. While these are the two fundamental differences between leasing and buying, both strategies have a number of other unique pros and cons. Let’s take a look:
So, if you came here wondering, “Should I buy or lease?”, the most important thing to consider is whether you are looking to go easy on your monthly budget or make a long-term investment.
If you’re still left wondering, “Should I buy or lease?” after reading our guide, just give Rick Hendrick Chevrolet Buick GMC Richmond a call at 844-415-1110. Our financiers can review your finances and needs, and help you navigate this tricky decision as you shop for a deal in greater %%target_ciy_3%%. If you have other car buying questions, take a moment to explore our finance and insurance guides for other helpful guides, like our overview of how to sell your car to a dealership.
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