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Should I Buy or Lease?

Have you ever asked yourself, “Should I buy or lease?” This common question has no easy answer, as it’s important to choose the option that fits your personal financial situation. However, if you’re comparing lease vs. buying options in the staten island area, you should know that there are certain benefits to each path. The Hillside Auto Outlet has broken each of them down for your convenience.

Why Should I Buy Instead of Leasing?

  • No Mileage Restrictions: Drivers who buy can go wherever and whenever they want! If you’re often making longer trips, the mileage restrictions on a lease will feel burdensome.
  • Customize As You See Fit: If you’re not the sole owner of your vehicle, you may be prevented from making modifications or adding accessories. Those who buy can start making changes, even before they’ve paid off their loans.
  • Build Equity and Lower Payments Over Time: Drivers who choose to finance their purchase will earn equity as they pay off their loan, and eventually, they won’t have to make any monthly payments on their vehicle at all.
    • Sell Or Upgrade On Your Schedule: When you have a leasing contract, you’re locked in until that contract expires. When you buy, you’ll have the option to do as you see fit.
  • Financing Options: Although financing a vehicle can be complex, you’ll usually have lots of packages and options to choose from. If you lease, you may not have as many choices.

Why Should I Lease Instead of Buying?

  • Pay Less Month-to-Month: Since you’re not purchasing the vehicle, your monthly payments will be smaller with a lease. You’ll also pay less in sales tax, since you’ll only be taxed on the depreciation.
  • Upgrading is Easy: Although you’ll be locked into a contract, upgrading at the end of that contract truly couldn’t be easier. You’ll just drive in, pick out a new vehicle, and drive home to brooklyn or bronx.
  • Count on Being Covered: The lessor is still the ultimate owner of the vehicle, and they’ll want it to be taken care of! Most leasing contracts make it easy and affordable to get the necessary maintenance you require.
  • Enjoy the Latest Features: A driver who buys their vehicle might be stuck with the same features for a decade or longer. When you lease, you’ll be able to trade up with a new vehicle every few years.
  • Approval is More Likely: There’s less risk involved in a lease. For this reason, even drivers with low or no credit can find a way to get approved.

The Bottom Line: Should I Buy or Lease?

The Hillside Auto Outlet is a used car dealership near queens. Although it may be possible to find a lease on one of our certified pre-owned vehicles, the truth is that used car leases are far from common, no matter where you look. However, financing a pre-owned vehicle is often even easier than getting a lease! You’ll also enjoy lower monthly payments than you would with any new car lease.

Hoping to maximize your savings? Check out our pre-owned vehicle specials or find a used car priced under $10K!

Find Your Next Ride at the Hillside Auto Outlet!

Now that you have a better idea of whether you should buy or lease, it’s time to take the next steps. Contact us today to learn more about what sets us apart, or just stop in for a test drive. It’s easy to get pre-qualified.

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718-301-6858

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161-10 Hillside Avenue • Jamaica, NY 11432

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Open Today! Sales: 10am-8pm

Hillside Auto Outlet

161-10 Hillside Avenue Jamaica, NY

Phone: 718-301-6858

http://maps.google.com/?q=161-10%20HILLSIDE%20AVENUE%2C%2C%20Jamaica%2C%20NY%2011432

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Phone: 718-301-6858

161-10 Hillside Avenue Jamaica, NY
40.714130 -73.777510
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Hillside Auto Outlet
Hillside Auto Outlet
161-10 Hillside Avenue
Jamaica, NY, 11432 US
718-301-6858
https://www.hillsideautooutlet.com/wp-content/themes/DealerInspireDealerTheme/images/logo.png
Hillside Auto Outlet 40.714130, -73.777510.