You're more likely to buy
When you lease a car, you are typically capped at 15,000 miles a year. Additional mileage can cost you up to 35 cents per mile. And that can really add up.
If you like to personalize a car, this investment can be lost on a leased car.
If you like the idea of ownership, you are less likely to be happy with the lease option.
If you like the feeling of accomplishment that paying off a large purchase brings and should consider that when you lease a car, the payment ends only when you return the car.
If the car you presently own is over 3 years old you are more likely a buyer. While not always true, you can usually drive for less if you're willing to buy and drive for at least 3 years.
If you don't mind doing your own car repairs, you probably don't mind driving a car after the warranty expires.
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You're more likely to lease
Lease arrangements usually involve a 15,000 miles-per-year cap and charge for extra miles. If you drive very little, you may be a candidate for a luxury lease.
When you negotiate a 24 or 36-month lease, you can be sure you'll always be driving a new vehicle.
Although you need to maintain and repair your leased vehicle just as you would an owned vehicle, because you typically lease for 2 to 3 years, the car is normally under warranty.
Many people prefer to drive a vehicle that is priced above their means and leasing provides the solution.
If you don't mind not owning the car, you are free to enjoy the benefits of leasing like low monthly payments and a low down payment.
If you own the company, and you use your car for business, check with your tax advisor. You may be able to deduct your auto expenses, including your monthly lease payment. And if the company you work for gives you a monthly car allowance, you may want to lease since you'll be able to drive a nicer car for a lower monthly payment.
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Your
Greater Hastings and Lincoln Nebraska area Cadillac, GMC
and Used Vehicle Dealer.
GMC Acadia, Sierra 1500, Sierra 1500 Hybrid, Sierra 2500, Sierra 3500, Savana Cargo Van, a Yukon XL, Yukon Hybrid, Yukon Denali or the all new GMC Terrain. Cadillac CTS, CTS Wagon, CTS V, DTS, Escalade, Escalade ESV, Escalade EXT, Escalade Hybrid, SRX, STS, STS V or XLR. We are located in Hastings Nebraska and have served clients in the surrounding communities including Grand Island Nebraska, Lincoln Nebraska, Kearney, North Platte, Columbus Nebraska, Norfolk Nebraska, York Nebraska and Omaha. We also carry one of the areas largest selection of quality pre-owned or used vehicles including almost all makes and models of cars, trucks and SUV's.
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