Leasing Vs Buying Your Next Vehicle in Columbus, OH

September 1st, 2024

When it comes to deciding whether you should lease or purchase your next vehicle, you have a lot to consider. You probably already know the model you are interested in, but other aspects, such as budget, family needs, and desired safety and performance features will undoubtedly play a role in your final decision. When you buy a car, you can either pay full price up front, or choose a financing option with an auto loan, which is what many people opt to do. Likewise, you can choose to lease your vehicle, which allows for a set lease term as well as possible upgrades at a later date. At Byers Imports in Columbus, Ohio, our experienced sales team is here to assist you in this important decision-making process. Whether buying or leasing, it's going to be a huge investment, so you want to be sure you are making the right decision. Let us guide you through the process and get you behind the wheel of your dream vehicle sooner rather than later.

Pros and Cons of Buying vs Leasing

To help you get an idea of whether you should buy or lease your next vehicle with Byers Imports, we've put together this informative guide to provide you with an up-close look at the advantages of both options. First, let's consider the pros and cons of buying over leasing. When you own your own vehicle, the investment is fully yours. Taking good care of your vehicle through regular maintenance and service checkups means that it will take care of you for potentially years to come. You can add as much mileage as you want on your own vehicle, and later on, you could sell it if you wanted to. When it's your own vehicle, you can also accessorize and customize to your heart's content.

Now let's consider the advantages of leasing over purchasing your dream vehicle. When you choose to lease, you are first and foremost avoiding the often large down payment that comes with purchasing a vehicle. Leasing is less expensive overall than purchasing, as you are only paying a relatively small part of the entire price of the model. You can also upgrade to a newer model when your lease term is up should you so desire. On the flip side, your leased vehicle is not your own; it still belongs to the organization from which you leased it. You cannot customize or accessorize it, and you have to be careful not to add too many miles, other wear-and-tear, etc. to the vehicle during the term of your lease.

To put it simply, whether you'll be leasing or buying your next vehicle is entirely up to your own individual circumstances and needs. At Byers Imports in Columbus, OH, we are ready to help you make the best decision for you and to provide you with a custom estimate either way. Come and see us today at 401 North Hamilton Road in Columbus, and leave behind the wheel of your luxury dream vehicle. Or, browse our extensive inventory online, and also check out our useful online payment calculator. This advantageous tool allows you to calculate your potential monthly payment on a new lease or purchase, factoring in loan duration, trade-in value, interest rates, and down payment options. We look forward to meeting and assisting you.