Leasing vs. Buying

Leasing VS. Buying from Stanley Auto Group

Starting your search for your next vehicle is a fun and exciting experience. However, before you start deciding on which color, type, and body style of vehicle you want, you’ll need to figure out if leasing or purchasing a vehicle is right for you. Both of these options have their perks, you just need to figure out which of these perks will be the most beneficial to you. You’ll need to take into consideration your lifestyle, future goals, and budget. 
If you live in or around Texas, you’ll be relieved to know that you’ll have a wide variety of vehicles to choose from at any of our Stanley Auto Group locations throughout the state. We make it easy to lease or buy one of our high-quality vehicles through straightforward financing and options that fit every budget. 

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What Are the Benefits of Leasing a Vehicle?

If you choose to lease a vehicle, you’ll be agreeing to have the vehicle for a certain amount of time. To sum it up, leasing a vehicle refers to renting it for however long is stated in your contract and paying monthly in addition to an upfront payment. If you decide to lease, you’ll want to take into consideration the possible mile restrictions and the fact that you’ll need to return the vehicle in good condition. So, what are the benefits of leasing?

• Getting approved is easier: Many drivers find it easier to get approved for a lease than it is to get approved for a loan on a new vehicle. 
• You’ll find lower monthly payments: If you’re trying to stick to a monthly budget, and buying a car will exceed your monthly limit, you may find that leasing is the best fit for you since the payments will be lower. 
• Warranties and coverage: Many leasing contracts offer coverage and warranty options to help the driver keep the vehicle in good condition. 

What Are the Benefits of Buying a Vehicle?

When you buy a vehicle, it’ll be yours to keep, and you won’t have to return it if you make all the necessary payments. Buying a vehicle will come with higher monthly payments than if you were to lease the same model, but you’ll be able to keep the vehicle if you buy. Other benefits of buying a vehicle include:

• Fewer restrictions: The freedom that comes with purchasing a vehicle is a huge perk for many drivers. You won’t have to worry about mileage restrictions, and you’ll be able to customize your vehicle however you wish. 
• You can choose a new or used model: If you choose to buy a vehicle, you’ll have many options that range from used, certified pre-owned, and new vehicles. 
• Sell or trade in your vehicle on your terms: You’ll have the freedom to decide what to do with your vehicle if you buy. You’ll be able to upgrade your ride by trading in or selling your vehicle at any time.