Leasing vs. Buying: Which Type of Chevy Financing is Right for You?
While there are only two types of financing, it still takes consideration of your budget and lifestyle before moving forward to finance the new Chevy Cruze. At Champion Chevrolet, serving Bristol, we help Tennessee customers weigh the leasing and buying benefits to see which best aligns with your needs. Once decided, you'll be closer to getting keys to your new Chevy Equinox in Johnson City.
Advantages of Leasing
If you have the qualities of a lessee, you're not a fan of long-time ownership. Instead, you'd prefer to switch it up and drive the market's newest models. Advantages of the lessee lifestyle include:
- Get Lower Payments - Since you don't have the ambition of vehicle ownership, you'll only drive the car for a portion of its lifespan. Therefore, you'll have lower monthly lease payments.
- Enjoy Latest Amenities - When you switch to a newer car after your lease ends, you'll continue experiencing the newest Chevy features that cover the areas of design, tech, performance, and safety.
Advantages of Buying
Do you like the idea of owning the newest Chevy Silverado 1500 and driving it for years near Elizabethton? Then you may fit the profile of a car buyer. Check out the benefits of this financing route:
- Get Long-Term Savings - While your monthly payments are higher, once you pay off the loan, the payments stop, and you become a Chevy Malibu owner and start building equity.
- Personalize Your Car - Leasing creates limits to mileage, damage, and customization. However, when you're an owner, you have the freedom to make vehicle changes without worry.
Champion Chevrolet Finance Team is Here to Help You
If you need further assistance to decide on financing, our finance team will assist by reading between the lines of your budget and Tennessee lifestyle to recommend which financing type makes better sense. If you've already test driven and decided on a Chevy truck, SUV or car, reserve time to talk with our finance team at Champion Chevrolet, serving Jonesborough, TN, today.