Buy vs Lease

The decision to buy or lease your next model is always an important part of the car-shopping process. Is one option better than the other? Not really. However, one option might be better for your lifestyle around East Stroudsburg, Stroudsburg, Easton, Brodheadsville, and Saylorsburg, PA.

To help, we've broken down the benefits of each choice in this buying vs. leasing comparison. Our hope is to provide some idea of why you might choose one over the other. Take a look below and keep in mind that our Ray Price Mazda team will be happy to answer additional questions for you.

We will also talk about the processes in more detail! Contact us online or come see us in person.

Why You Would Buy a Model

Buying a car is usually the right choice, if you want to own it outright, customize it, or keep it for a long time. The greatest advantage of buying is that once you complete your payment structure, you don't have to budget for a monthly bill anymore.

The customization part is important too. Buying a car can allow you to alter your vehicle to make it more capable off-road, more performance-oriented on the street, or just to switch up its style.

Finally, families thinking long term often prefer to buy their cars. The reasoning is that children will grow up and eventually earn their licenses. If you've bought your car, you can pass it down to them at some point. That way, you know your child has a reliable, safe vehicle to shuttle them around the community.

Why You Would Lease a Model

Leasing is a financing choice geared toward those who like driving new cars or whose ever-evolving lifestyles require different types of vehicles.

First, leasing is basically a rental of your preferred model that lasts for two or three years. When your rental ends, you'll bring the car back to the dealer to begin leasing a new model. If the thought of always driving a new car appeals to you, leasing makes it easy to do so.

Leasing is also extremely versatile. You always have options. You can trade in the car early to lease a new model, end the lease at any time, or buy the car once your lease is complete.

If you drive a sedan now but might need something larger, like an SUV, in a few years, leasing gives you the chance to switch. When you return your model at lease end, you can renew with any new model you want. It doesn't have to be the same model you just leased.

Helping You Put Your Plan in Place

The decision to either buy or lease your vehicle is an important one. It directly influences the type of interaction you'll have with the model. There isn't really a "right" choice when trying to pick between the two. Each one offers specific benefits, which can depend on your preferences and lifestyle.

No matter which way you go, however, there's still a finance agreement to be put in place. Our finance experts can certainly help this plan come together.

Leasing

If you want to lease your vehicle, you can first look through any models we have listed online. There, you'll find boilerplate lease agreements, which represent good value. However, they can also be used as a jumping-off point, if you want to create a specific lease arrangement.

So, the first steps in the creation of your lease merely require you to reach out to our staff, either online or in person. You can start talking with our team to see how the lease offer will fit into your lifestyle and which aspects of the agreement need to be tinkered with.

Our expert staff will remain by your side as time goes on too. So, if you want to trade in your model after a year, you can speak with our team, complete the trade-in application, and begin leasing a new model. If you reach the end of the lease and realize you want to buy the car, our staff will be happy to alter the agreement. It ends with you owning the model outright.

If you're reading through this overview and still have questions as to how the lease process works, our team will be happy to address these questions for you.

Buying

Just like leasing, if you want to buy a vehicle, our team will be here, waiting to put your plan in place. The monthly payment structure arrangements and your payment plan timeline are two prominent topics we'll help you decide on. There are a few other topics to go over as well.

For example, are you thinking about applying for a car loan? Our strong ties with nearby lenders have been forged through years of prior dealings. We can help you secure the best rates possible. We can also help you slowly but surely bring up your credit score, which can further improve the rates on your loan.

Also, are you thinking about trading in your current vehicle? The trade-in process is a great way to apply the value of your current model to the purchase of your next one. Whether buying or leasing, you can trade in your car.

The trade-in calculator, the pre-approval form, and the payment estimator are tools to help you begin the finance process on your own time before speaking with our team!

Buy vs Lease? It's All About What You Need

The decision to either buy or lease a car really comes down to you. Our team has helped many throughout East Stroudsburg, Stroudsburg, Easton, Brodheadsville, and Saylorsburg, Pennsylvania, make the right call.

So, if you have any questions about buying or leasing or are trying to choose your lease offer or payment structure, contact us at Ray Price Mazda today!