Drive Smarter: Why Financing a Used Car Beats Leasing
Leasing may sound like a good idea, but trust us, it’s not always the smartest choice. As a car dealership, we’ve seen it all, and we’re here to give you the real tea on why financing a used car is the smarter option.
First of all, let’s talk about the obvious – cost. When you lease a car, you’re basically paying for the depreciation of the vehicle over a set period of time. Sure, the monthly payments may be lower, but you’re not building any equity in the car. And when the lease is up, you’re left with nothing to show for it. On the other hand, when you finance a used car, you’re making payments towards owning that vehicle. Once the loan is paid off, the car is all yours, and you can either continue driving it or sell it for some extra cash. Plus, used cars generally have a lower sticker price, which means lower monthly payments and less money spent overall.
But it’s not just about the cost – there are other benefits to financing a used car as well. For one, you have more flexibility in terms of customization. When you lease a car, you’re usually stuck with the options that the manufacturer offers. But when you finance a used car, you can make modifications to the vehicle as you see fit, giving you a car that truly fits your lifestyle.
Another benefit is that you’re not as limited in terms of mileage. When you lease a car, there are often restrictions on how many miles you can drive per year. If you exceed those limits, you’ll end up paying extra fees. But when you finance a used car, there are no such restrictions. You can drive as much or as little as you want without worrying about penalties.
And finally, financing a used car can actually be better for your credit score. When you make regular payments on a car loan, it shows lenders that you’re responsible with credit, which can boost your score. On the other hand, leasing a car doesn’t have the same impact on your credit.
So there you have it, folks – financing a used car is the smarter choice for a variety of reasons. Don’t be fooled by the allure of lower monthly payments with a lease – in the long run, owning a car will save you more money and give you more freedom. Come on down to our dealership and let us help you find the perfect used car to finance today!