Should I Buy or Lease a Car?

If you’re interested in making an automotive investment, chances are that you’ve been shopping around for a vehicle that fits your budget, needs, and style. You’ve also probably asked yourself, “Should I buy or lease a car?” The experts at Indy Car Financing can help you to understand the benefits of both buying and leasing a vehicle. Here is some important information to consider so you can make a more informed decision when it comes time to take home the car you deserve.

Do You Want to Own Your Vehicle?

Full vehicle ownership can be obtained if you choose to buy your vehicle through financing. By making monthly installments in a timely manner, you will receive your car title at the end of your financing term.

What Are Your Automotive Needs?

Drivers with vehicular needs that frequently change might want to consider leasing. Flexible terms allow you to get behind the wheel of a new model sooner, and monthly payments are usually less than finance payments when compared to similar term lengths. This is because you’re only paying for the expected depreciation of the vehicle.

How Often Do You Plan on Driving?

Financed vehicles can be driven any number of miles on a regular basis, but the cost of routine maintenance and excessive wear and tear is entirely your cost to bear. Leased vehicles typically restrict the amount of miles you can drive per year, but for drivers who only use their cars to commute, chances are that the mileage limitation won’t be exceeded. Routine maintenance is also cheaper with leased vehicles, since they’re covered by the manufacturer warranty for the duration of the lease term.

Do You Want to Customize Your Vehicle?

If you’re financing a vehicle, it is yours to do with as you please. You can add accessories or customize it as much as you want, but you must keep in mind that its value will be affected. You can also customize a leased vehicle, but most accessories require preapproval from the dealership.

Let Indy Car Financing Help with Your Next Vehicle Purchase

Whether you choose to lease or finance a vehicle, Indy Car Financing will help you obtain your next vehicle every step of the way! We offer convenient auto loans for customers, regardless of credit rating or financial history. To start your vehicle purchasing process, contact our experts today!