What are the Differences Between Leasing and Financing?
Our team at Woody Buick GMC of Gurnee in Gurnee, IL, is dedicated to helping you through your entire vehicle purchase journey. If you’re looking to determine if you should lease or buy you’re next vehicle, check out this leasing vs. financing guide constructed by our experts at Woody Buick GMC of Gurnee.
Take advantage of our new specials and GMC lease offers after selecting your favorite model from our inventory. If you have any questions, please call our specialists at (847) 693-4799 and we will be happy to assist you soon.
Benefits of Leasing
If you’re wondering what the advantages are to leasing your next vehicle, consider the following factors that may influence the best decision for you:
- You will have a lower monthly payment and a low down payment, if any at all.
- Drive a better car for a less amount of money overall.
- The vehicle is under factory warranty, so you will have lower repair costs.
- You can transition into a new car every two or three years.
- There are no trade-in hassles to deal with.
- You will pay less on sales tax.
Benefits of Financing
Consider financing your new vehicle, another great option to pay for a car in smaller payments over time. View the benefits of financing in the list below.
- You can drive as much distance as you would like, as there is no mileage penalty.
- Buying your own vehicle can save you money in the long term.
- You will have flexibility because you can sell the car anytime you want.
- There is an ability to modify your vehicle as you please.
- You can use your car as a trade-in on the next car you buy.
What to do at the end of your Lease?
If you know you have a lease-end approaching, read through these helpful steps to determine what to do next:
Find a New Ride
If you’re ready to continue on your journey in a new GMC, return your current leased vehicle and choose the one that meets your liking.
Buy Your Lease
If you have fallen in love with the plush amenities and bold design of your leased GMC, you can make it your own by buying it anytime during your lease period. Talk to our Buick GMC finance experts for more information.
Return Your Vehicle
If you have reached the end of your lease and have decided not to lease another vehicle or purchase your current lease, you can return it to our Woody Buick GMC of Gurnee dealership. Schedule a complimentary pre-return inspection and call our team at (847) 693-4799 to arrange a return date.
Woody Buick GMC of Gurnee is located at:
5589 Northridge Dr • Gurnee, IL 60031
