Should I Buy or Lease?
Should you buy or lease?
So you’re in the market for a new car… congratulations! Here at Genesis of Cumming, we know that it’s so exciting to smell the new car smell and experience all of the most up-to-date features new cars have to offer, especially Genesis models. There’s no question that you’re ready for a luxurious driving experience, but did you know that you can either buy or lease your next model? There are distinct advantages to both options, and depending on your unique lifestyle, one might be a better fit than the other. Read on to discover whether you should buy or lease your next new Genesis.
Why Lease a Vehicle?
Minimal Upfront Cost
Because you'll be driving the vehicle for a limited amount of time, your financial responsibility and monthly payments may be significantly reduced. In addition, if you'd rather not make a hefty down payment, then leasing may be the best option for you since some leases require nothing to be paid up front. Since you’re essentially renting the vehicle, your responsibility financially may be lower.
Lifestyle Flexibility
Most of the time, lease terms range from 24 to 60 months, allowing you to have the flexibility you desire with your payments and not having to own a vehicle. Choosing the mileage you need is also a huge perk of leasing. Only pay for what you think you’ll use, and if you think you’ll need more, you can negotiate that in the contract.
Warranty Protection
The wonderful thing about leasing is that your vehicle will most likely be protected under its new vehicle warranty for the entire duration of your lease. You won’t have to worry about many potentially costly maintenance visits or repairs since those will be covered, and we’d be happy to help you with all of your service needs here at Genesis of Cumming.
Why Purchase a Vehicle?
True Freedom
The best perk of buying instead of leasing your next vehicle is ownership. If you'd like to drive your vehicle for many years, then buying is the best possible option for you so that you don’t have to go through the hassle of returning a vehicle you love every few years. In addition, choosing to buy will allow you to customize your vehicle to match your lifestyle.
Financial Flexibility
With ownership comes true financial flexibility. You can choose to pay with cash or finance your vehicle, unlike with the restrictions of leasing. If you buy your vehicle in cash up front, you won’t have to make any more payments for the vehicle. When you finance, you'll have a certain period of time to pay off the vehicle. For best results when financing, we strongly recommend that you find the most dependable and competitive rates possible. At Genesis of Cumming, we can help you navigate your finance decisions with confidence.
No Mileage Restrictions
You won't be affected by mileage limitations when you purchase your Genesis. Leasing requires that you calculate in advance how many miles you plan on driving each year, while ownership lets you drive as much as you want without collecting fees. You’re in the driver’s seat when you own, and you can make the decisions you want for your vehicle.
If you’re ready to be the proud owner or lessee of one of our new models, or are interested in learning more about your lease-end options, feel free to contact us online or visit us at 750 Peachtree Parkway, Cumming, GA 30041. We look forward to serving customers from Alpharetta, Johns Creek and Atlanta.