Should I Buy or Lease?

Are you in the market for a new vehicle? You may be asking, “Should I buy or lease?” Choosing the right financial path really comes down to your driving needs and budget. What is best for one Los Angeles driver may not be as advantageous for another. At Alfa Romeo of Glendale, our finance experts are here to help you determine what option works best for you. Lease vs. buying? Alfa Romeo of Glendale has the details.

Benefits of Buying

• No Limits on Mileage: One of the main benefits of financing is that you don’t have to worry about mileage limits. You are free to drive as much as you want, and you don’t have to be concerned about charges for excess wear and tear.
• Total Ownership and the Ability to Customize: Buying a vehicle means it’s yours completely. If you want to modify the vehicle in any way, you are free to do so. Financing gives you the opportunity to create the vehicle of your dreams.
• Ability to Sell: Since you’re not locked into a lease agreement, you are able to sell your vehicle any time you want.
• Financing Options: The process of financing is simple and straightforward.
• Less Cost Over Time: While it may be more expensive to finance a vehicle initially, the cost of ownership decreases the longer you own the vehicle.

Benefits of Leasing

• Lower Payments: When you lease, you can enjoy a lower down payment and lower monthly payments.
• Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax. In some areas, it is possible that you only have to pay tax on the amount you put forth in the down payment and for the monthly payments.
• Trade-Ins: When it is time for something new, you do not have to worry about the hassle of trying to sell your vehicle. Simply bring it back to the dealership, wrap up the terms and conditions of the lease, and select a new vehicle.
• Warranty Coverage: As long as you do not go over the mileage limits set in your lease, your vehicle should be protected by a warranty for the complete duration of the lease.
• Up-to-Date Vehicles: If you like the idea of driving a new car with the latest bells and whistles every couple of years, leasing makes it easy to do so.

Learn More About Your Leasing and Financing Options at Alfa Romeo of Glendale

Lease vs. buying? Have you decided what option is best for you? We can help! If you have any questions, do not hesitate to ask the finance department at Alfa Romeo of Glendale. Be sure to also take a look at our new vehicle specials, so you can get an even better deal on the vehicle of your dreams.