If you are shopping for a new vehicle near Livermore, you may be trying to decide whether you should lease or finance your next car. There are several differences between each option, and they offer a list of benefits. We want to highlight the differences so you can make the best choice for your unique lifestyle.

The Benefits of Leasing

Leasing is essentially renting a vehicle for an extended period, usually a timeframe of around two or three years. You can also explore short-term lease options. At the conclusion of the contract, you can choose to buy your vehicle or swap it out for the latest model.

Monthly payments for leases tend to be lower than financing payments, as you are paying for the vehicle's depreciation during the timeframe you drive it. Leasing plans may offer low or no down payments. Some contracts may also include regular maintenance for the car for the duration of the contract.

The Benefits of Financing

When you finance a vehicle, you pay for its total value. You can customize the car to your heart's content and drive it for unlimited miles. Once you pay off the balance of the auto loan, you won't have any further monthly car payments.

Financing allows you to keep the car for as long as you want. When you are ready for another vehicle, you can trade in your current car and apply its value to your next purchase. You can also choose to sell the vehicle and use the sale to pay off the auto loan if necessary.

Visit Jaguar Livermore to Learn More

Drivers around Pleasanton and Livermore can contact or stop by our dealership to dive deeper into the benefits and differences between leasing and financing your next vehicle. Our wonderful finance center can answer your questions and help you determine which option best suits your lifestyle and needs. Contact or visit Jaguar Livermore today.

Categories: Finance