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Buying vs. Leasing: Which is Right for You?

Smiling Couple Buying a New Car From a Salesman

You are ready to get behind the wheel of a new car, but do you know whether you will buy or lease that vehicle? To help you determine, our auto financing experts here at Irvine Auto Center will go over both the pros and cons for leasing a car as well as the pros and cons for buying a car. In the end, you will know which avenue is right for you near Lake Forest, CA.

Leasing a Car in Irvine, CA

When you lease a vehicle, you receive a lower monthly payment compared to what you will pay to buy it. You also get to trade it in after a few years for a newer model. While you drive this car, you receive complete protection with the warranty and don’t have to worry about selling it later.

Unfortunately, to lease a vehicle, you must have a stable income and agree to only drive a set number of miles. You must also make sure that the vehicle is properly maintained at all times.

Buying a Car in Irvine, CA

When you purchase a vehicle, you own it and can drive as much as you like. You can also make customizations to it to further increase the resale value. Unlike with the lease, you won’t have to pay lease-end charges, but you will have a higher monthly payment.

There might also be repair costs that you will need to cover once your warranty ends. If you want to get a new vehicle, you will be responsible for trading this one in or selling it to a private party near Fountain Valley, CA.

Buying or Leasing a New Vehicle at Irvine Auto Center

What’s best for you? It depends on what your goals are. We suggest that you look at the new and used vehicles for sale in Orange County here at Irvine Auto Center. Then, you can talk to a specialist about expert auto financing in Southern California.  At Irvine Auto Center, we are ready to find the vehicle and terms that suit your lifestyle. Check out why our customers enjoy our services here at Irvine Auto Center by scrolling through our testimonial page. We’ve got a variety of dealerships and models to choose from. All you have to do is come on down and see us for yourself.

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While great effort is made to ensure the accuracy of the information on this site, errors can occur.
Please verify all pricing information with a customer service representative.
This is easily done by calling us or visiting us at the dealership.