Audi

Wyoming Valley Audi

126 Narrows Road, Route 11
Directions Larksville, PA 18651

  • Sales: (877) 272-8614
  • Service: (570)288-7411
  • Parts: (888) 487-6675
Info

Buying vs Leasing

Drivers in the Dallas, Mountain Top, and Clarks Summit area know that when looking for a new car, one of the major questions is which purchase option is right for them. Today, you can either buy or lease.

No matter what you decide, each financing option has its own strengths and weaknesses. Below, we'll take a closer look at buying vs. leasing so you can see which one is the best fit for your personal budget and lifestyle.

Leasing a Vehicle

It wasn't long ago that most vehicle leases were used by traveling businessmen and women who had to relocate temporarily for work. However, a lot of people now consider leasing a vehicle thanks to the many benefits it provides.

Many people like to lease because it allows them to drive a nicer or more expensive vehicle that they otherwise couldn't afford. Plus, you'll enjoy lower monthly payments; financing the vehicle from a loan typically costs more than leasing a vehicle.

However, there are some limitations to leasing. A common drawback to leasing is the mileage limit. Your agreement will specify how many miles you can use during the term of your lease. If you go over, you'll be required to pay a fee. Then, at the end of your lease, you'll be required to return the vehicle to the dealer.

Why You Might Choose to Buy Your Next Car

Drivers who want to have the car or truck for many, many years should opt to buy or finance the vehicle. Instead of returning the vehicle back to the dealership like in a leasing agreement, drivers who buy the vehicle can keep the car for as long as they want or even sell it.

A downside to buying a car is the loss in value. When you decide to sell it or trade it in, it won't be worth as much as when you initially purchased it. It's not uncommon for shoppers to be required to put a down payment on the car to get approved for a loan. Your monthly payments will likely be higher than if you leased the same vehicle since you're paying for the whole vehicle.

What's Right for You?

Having read the information above, you'll be able to decide which option makes the most sense for your lifestyle. Make sure to look at your budget and see what you can afford. In a nutshell, leasing is great for having lower costs and being able to upgrade to a new car every few years. Buying a car is perfect for drivers who don't want mileage restrictions and may want to sell the vehicle later.

Leaving vs Buying at Wyoming Valley Audi

If you need help deciding whether you should buy vs. lease your next car, our team at Wyoming Valley Audi can help. Our large inventory of new and pre-owned models along with our professional finance team can make the process fun and easy.

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Wyoming Valley Audi

126 Narrows Road, Route 11
Directions Larksville, PA 18651

  • Sales: (877) 272-8614
  • Service: 888-584-2586

Hours

  • Monday 8:30am-8:00pm
  • Tuesday 8:30am-8:00pm
  • Wednesday 8:30am-8:00pm
  • Thursday 8:30am-8:00pm
  • Friday 8:30am-6:00pm
  • Saturday 8:30am-5:00pm
  • Sunday Closed