Buying Versus Leasing: Which One Is Right For You?

August 2nd, 2021 by

A man's hand holding a car key
When you visit us at Walt Massey Chevrolet Buick GMC, we make it as easy as can be to find the vehicle you’ve been searching for. With our diverse selection of new and pre-owned vehicles, you’ll have no trouble finding the car, SUV, or pickup truck that you need. Once you’ve found just what you’ve been looking for, you have another decision to make: should you buy or lease the vehicle you want to drive. The choice depends on the specifics of your situation, so let’s weigh the options to see whether buying or leasing is right for you.

The Big Picture

The most obvious difference between buying and leasing is where ownership of the vehicle belongs. When you purchase the vehicle, it becomes yours to enjoy for years to come, and you finance the vehicle through car payments until the financing plan is fulfilled and you own the investment outright. When you lease a vehicle instead, ownership remains with the dealership, and you eventually return it to the lot at the end of the lease term.

Details to Consider

When you take a closer look at each option, you’ll find some important details to factor into your decision. When you purchase a vehicle and make auto loan payments on time, you can improve your credit score. However, if you only want to drive a certain model for a relatively short period of time, you might prefer to lease it and take advantage of the lower monthly payment rates that typically accompany auto leases. Owning the vehicle allows you to customize it any way you prefer, but if you lease it, the vehicle should always be kept in the same condition as it was when you started your lease.

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Walt Massey Chevrolet Buick GMC

Whether you want to lease a vehicle for a while or buy it to own for years and miles ahead, we’re ready to make it happen here at Walt Massey Chevrolet Buick GMC. Come visit our dealership here in Lucedale to see what we can do for you. While you’re on the lot, feel free to explore our selection.

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