Buy vs Lease

At Finley GMC, once you've found that vehicle you want in our new vehicle inventory, it's time to decide which option you're looking to go with when it comes to financing. Would you like to buy your car through an auto loan, or would you prefer to lease it? Which option is right for you? How does each option work?

All of these are questions we'll gladly answer for those in Beloit, WI, and beyond. The truth is that there's no one-size-fits-all solution, and that there are different options to serve different needs But, with the help of our dedicated finance department, we'll go over all of your options with you in order to help you find the best terms for your needs.

So how do you know which option is best for you? Let's take a look:

Buying a New Vehicle with an Auto Loan

With an auto loan, we'll work with you to negotiate a monthly payment through either manufacturer-offered financing or other established financial institutions at the dealership. Once we factor in your down payment and other processes, we'll be able to find a monthly payment that works for you. You pay the insurance, taxes, and a deposit on the first monthly payment.

Each month you pay the monthly payment, and once those payments are made, officialy own your new vehicle!
There aren't any mileage restrictions through an auto loan, making this a good option for those who plan to travel frequently.
We cover you at our certified service center through your warranties, and you won't be charged fees on any wear and tear guidelines that you might get with a lease.

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Leasing a New Vehicle

When leasing, you're essentially paying a portion of the vehicle's value over time to have access to the vehicle. There are terms and conditions, but there are available options once the lease is up. To get started, you pay the first payment, insurance, a security deposit, and government or lessor charges, and continue to do so where appropriate throughout the lease term.

Each month, you pay a monthly payment toward paying off the lease agreement terms.
In a lease, you have mileage restrictions, which you agree to on signing. If you go over these restrictions, you're generally charged additional fees.
You can also be charged if your vehicle's lease has wear and tear not covered by us, so again, make sure you visit our service center regularly.
A lease offers flexibility. You can buy out the lease at the end of the terms at the vehicle's residual value, you can enter a new one, or simply walk away from the lease in favor of another option. If you like to upgrade your ride every few years, leasing is a great way to do so.

If you'd like to learn more about vehicle leasing and car loan options, don't hesitate to contact us today at Finley Buick GMC in Beloit, WI. We'd be happy to answer any questions and arrange test drives at your convenience.

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