Benefits of Leasing a Vehicle

If driving the newest model from GMC or Buick is your goal, leasing is the best way to achieve it. You will get to swap out for a new vehicle routinely and will not have to worry about depreciating value, long-term maintenance needs, or eventual repairs. You can take advantage of the great Buick lease specials here at Coulter Camelback Buick GMC. In most cases, monthly lease payments are quite a bit lower than the monthly payments for buying a vehicle.

It is a good choice if you are not a long-distance driver, or you work from home and do not worry about a commute. You will rarely have to worry about the manufacturer's warranty terms ending before the lease wraps up, which gives you peace of mind if repairs are needed. It is also easy to afford a more luxurious model with the savings offered by the lower monthly payments.

Drawbacks of Leasing a Vehicle

You may spend a little more on insurance for a leased vehicle, although the late model year can also save you money on insurance thanks to cutting-edge safety features. Do not forget to factor in the costs to start the lease. Most dealerships will charge a deposit, tax, and title costs, and other fees. Renewing a lease by swapping to a new car may or may not incur these costs again.

The biggest drawback to leasing is that you do not own the vehicle after making the monthly payments. However, that can become a plus if you will not need a car in a few years or plan to move away. You may end up paying more than you expect at the end of the lease if you do not take good care of the interior and exterior. Dealerships have to charge you for deep cleaning work or repairs to deal with scuffs, scratches, and tears in the upholstery.

Benefits of Buying a Vehicle

Buying a vehicle means you eventually own it outright after paying off your loan. If you have enough cash, you can purchase the car in full from the beginning. This allows you to resell it at the highest possible value to recoup what you spend if you want. You will also get to drive as many miles as you want and will not have to pay for repairs or deep cleaning, which are common costs at the end of a lease. If you want to give the vehicle to a friend or family member after paying it off, you will need to purchase it rather than choose a lease.

Drawbacks of Buying a Vehicle

Financing agreements often cost more per month than the best lease specials Phoenix has to offer you here at Coulter Camelback Buick and GMC. You will also pay that same payment for years to come, which can become difficult if your financial condition changes. Leasing terms are often flexible enough to end early if necessary. If you choose to buy a car, the warranty will only cover the first few months or thousands of miles of use. After that, you will have to pay for maintenance and repairs out of pocket.