Leasing vs Buying a Car

The team at Fremont Motor Companies is dedicated to making sure drivers all over Scottsbluff, Nebraska; Powell, Sheridan, Casper, Riverton, Rock Springs, Lander, and Cody, Wyoming, have all the information they need to make well-balanced decisions when shopping for their next vehicle.

One of the decisions sure to come up is leasing vs. buying a car. To help you choose whether leasing or buying is better for you, our finance team has compiled the following information highlighting some of the benefits for each option.

Leasing	Buying
Generally lower payments	Credit score can be lower
Warranty coverage	Car is yours when paid off
The latest features	You’re free to make modifications

Browse New Inventory Contact Us

Top Reasons to Consider Leasing Your Next Car

One beneficial aspect of automotive leasing is that you’re not paying for the vehicle’s entire value. Instead, you’re only responsible for it during the time it’s in your possession. Not only does this generally make it possible for your down payment and monthly payments to be lower, but there’s also a chance you won’t have to make a down payment at all.

The car you’ll lease will be new and under warranty. As a result, you’ll likely not spend much time in the service department other than when it’s due to have usual maintenance tasks performed. Even if something out of the ordinary does occur, you won’t be financially responsible as long as it’s covered by the warranty.   

If you prefer to have access to advanced technology features for increased convenience, entertainment, and safety, leasing on a regular basis can be quite beneficial. That’s because leasing allows you to move on to the latest model with new gadgets every few years.

At the end of the lease, you won’t have to contend with trading in the vehicle at a reduced value as you would if you’d bought it. Instead, you’ll simply return it to the dealer and decide which car you’d like to lease next.

The Benefits of Buying

A key advantage to buying a car is that you won’t need as high a credit score as you will when leasing.

The car you buy is all yours once it’s paid off. It’s then completely up to you whether you trade it in or continue to rely on it as your on-road companion. Plus, you’re free to make any modifications to it that you’d like.

If you decide, for whatever reason, to terminate the lease early, you’ll most likely have to pay a penalty. You’ll also be unable to alter a leased vehicle in any way.

Learn More: Auto Financing FAQs

Leasing vs Buying a Car: Pick the Route That Works Best for You

We’re happy to answer any questions you might have about the information above. You’re welcome to reach out to a member of our team via email, phone, or by making an in-person visit, so they can help you.

Scottsbluff, NE; Cody, Powell, Riverton, Sheridan, Casper, Rock Springs, and Lander, WY, drivers who’ve already made their decision whether they’d prefer leasing vs. buying a car are welcome to contact the Fremont Motor Companies team for a test drive.