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If you are in the market for a new car you might be wondering about leasing versus buying. Many people wonder whether or not leasing is better than buying or if buying is better than leasing. The truth is there are several reasons as to why you should lease your new car. At the same time, there are just as many reasons as to why you should purchase your new car.
If you are confused about the best choice for you here is a quick look at the pros and cons of leasing and buying.
If you are considering leasing your car believe us there are plenty of reasons as to why you should. One of the biggest benefits to leasing a car is having the ability to upgrade to the newest model at the end of your lease so you always have the newest car with the best technology. With a lease, you also have a lower monthly payment than you do when you purchase a car. Leasing provides you with a warranty for the duration of the lease. Some leases will also cover basic maintenance. On the other hand, leasing means you have to be careful of how often you drive, you can get penalized if you go over a specific number of miles. The other problem with leasing is you don’t own the car, so you cannot make any kind of improvements or modifications to it.
Perhaps the best thing about buying a car is once you have paid it off you will no longer have any monthly payments. The other great thing about buying the car is you own it so you can make any modifications or improvements that you like. Although buying a car, in the beginning, is more expensive than leasing a car you don’t have to worry about over mileage fees or excessive wear fees. When you buy a car you never know how it will depreciate and sometimes you will need to come up with a large down payment. On the upside, you don’t have to have excellent credit to qualify for a car loan.
For those of you that live near Aliso Viejo, CA and are interested in leasing or buying new cars in Irvine head on over to Irvine Auto Center today. We look forward to helping you handle all of your car needs.
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Please verify all pricing information with a customer service representative.
This is easily done by calling us or visiting us at the dealership.