Leasing vs Buying
You’ve narrowed down your choices and finally found your next dream car. Now there’s one decision left before you hit the road: financing. When choosing a financial plan, you’ll most likely be presented with two popular options: leasing vs. buying.
Each of these has its own advantages, and which one is best is usually up to personal preference. Below, our team at Porsche Westwood has provided a closer look at each option so you can better decide which is right for you and your lifestyle in the Westwood, Dedham, Needham, and Norwood, MA, areas.
Perks of Buying
If you know that the vehicle you’ve picked will be your go-to mode of transportation for the foreseeable future, then buying may be the best choice for you. When you buy a car, you own it outright, which means you’re free to make any modifications you like and drive it for as many miles as you wish.
Buying is ideal for those who like driving the same car for many years and who prefer to get comfortable with every feature offered. Plus, when the time comes to move on, you can choose to trade in your car for the next one, or you can even hand it down to another driver; the choice is 100 percent yours!
Perks of Leasing
Leasing is a more short-term form of financing and is more akin to a long-term rental than actually owning the vehicle. How it works is that you’ll agree to drive the car for a certain length of time, after which you’ll return the vehicle to the Center.
Since you don’t own the vehicle outright, you won’t be able to modify it at all, but leasing does come with its own kind of flexibility. Lease lengths usually last between two and four years and are agreed upon at the start of the lease. So, if you know exactly how long you’ll need the vehicle for, you can set your length accordingly.
There’s also flexibility at the end of your lease term. If you enjoyed your time with your lease and want to continue with it, you can decide to renew your current lease or even purchase it to own. Or if a newer model has caught your eye, you can also choose to begin a new lease instead.
Of course, there’s also the traditional option of simply returning your lease and walking away.
Meet Our Finance Team
Whether you choose to buy or lease, you can be confident you’re in good hands with the experts in our Finance Center. Here, our team will work one-on-one with you to help you discover and decide which plan is best for your needs and lifestyle.
You can even begin the process right here on our website! Our online finance application is a great help for saving time when you visit our Center. Or if you’re planning on buying, we also have a tool that can help you get a quick estimate on your current vehicle’s trade-in value.
Buy or Lease with Us!
Whether you plan to have your next car for a long time or prefer to try a new model every few years, our team at Porsche Westwood is here to help you along the way.
Drivers in and around Westwood, Dedham, Needham, and Norwood, Massachusetts, who want to learn more about leasing vs. buying can stop by or contact our team today. We can even schedule you for a test drive!