Buy vs Lease near Lombard, IL
There’s more than one way to acquire a new vehicle from the Al Piemonte Buick GMC dealership. While a conventional way is simply to purchase it, there is another avenue that you’re able to explore before heading out into the Lombard region in a factory-fresh model. Read this article to find out more.
Buying a New Car
The most common method of getting a new Buick or GMC from us is through buying it. Although a lump sum payout is okay, it’s more practical for shoppers to utilize the finance option instead. What the route does is split the retail price of the car you want into several installments. That way, you won’t shell out so much money at once. The time it takes to ultimately pay off the balance of the vehicle depends on your contract. To receive a finance agreement, you’ll have to qualify for an auto loan by completing a Finance Application. Once your request has been confirmed and accepted, you can find a lender that will cut a check to us on your behalf. After the funds are cleared, you’ll be ready to traverse West and East North Avenue.
Leasing a New Car
If you like the idea of driving the latest models every two to four years, then a lease may be suitable for your vehicular endeavors. When you’re eligible for this arrangement, you won’t have to worry about paying for the full cost of the car. Instead, the monthly contributions are based on the depreciated value of the vehicle. Additionally, this means your installments will generally be less expensive than buying a new model through financing. Another benefit of leasing is that you can decide to switch to a different car as the contract is about to expire. The old lease will simply return to the servicer managing your contract. Or, you’re able to go in another direction like pursuing a used car. Whichever decision you make, our Finance Center will help find a solution so you’re able to cruise on North Columbia Avenue with confidence.
Which Is Better?
It’s challenging to determine which route is better because every situation varies for shoppers. If you like the idea of having an asset, then buying a new GMC or Buick is the way to go. While the payments are usually more expensive than a lease, you’ll be the sole owner of the vehicle after the contract is paid off. Leasing gives less responsibility and doesn’t demand as much money per month. Plus, you’ll only drive the car for up to four years. You do have several options on whether to keep the leased vehicle, switch it for another, or simply walk away. When you visit our dealership, speak to one of our staff members to get comprehensive details about buying and leasing.
