Leasing vs Buying Used
Leasing and buying are two main options for buying your next used car. Both financing options offer unique benefits, so it's important to decide which suits your needs.
If you'd like to learn if leasing or buying is the better option for you in the New Holland, Lancaster, and Lititz, Pennsylvania, areas, keep reading our guide by New Holland Auto Group.
Can I Lease a Used Car?
Many drivers don't know they can lease a used car, but you can in many cases. If a used car is only a few years old, it's often possible for you to lease the vehicle. Often, these cars are certified pre-owned, so you can feel confident knowing a manufacturer's warranty covers your car.
Leasing a used car can often be a great option, as not only do you enjoy the great benefits offered by leasing, but you'll also enjoy the perks that used cars offer. If you'd like to learn more about leasing a used car, contact a member of our sales team today!
The Benefits of Leasing
One of the most popular car financing options is leasing, and there's a good reason for that. When compared to buying a car, leasing often lets drivers get a car with a lower monthly payment. That's because you only drive your car for a few years before returning it to the dealership.
Another benefit of lease deals is that you have options when your lease expires. You can purchase the vehicle at that time or return it to the dealership and start the process over, taking out a new lease on a new or pre-owned model.
However, leasing may not always be a great option for some drivers, as it often has mileage restrictions. Leased cars need to be kept in great condition, so if you're the driver who takes long road trips, you may not have a lifestyle that's a great fit for leasing.
The Benefits of Buying
For many drivers, buying is the go-to option for securing a vehicle. This financing option is straightforward: You speak with a financier, obtain a loan, and pay off the full value of your vehicle over time. This option is great because you'll own your car and can drive it as much as you want and customize it as you see fit.
When buying, you should be aware that you're paying for the car's full value. This means you'll typically have a larger down payment than if you were leasing your car. If you'd like to potentially save some money on your next commuter car, you may want to consider leasing instead.
Also, considering that leasing often offers lower monthly payments, drivers who lease multiple times may pay more long-term than those who buy and keep a vehicle, according to Kelley Blue Book.
Leasing vs Buying a Used Car: Our Selection
As you decide whether to lease or buy a used car, you also want to take time to get to know the vehicles we offer. You know what you want in a vehicle regarding performance and features. Our wide selection allows you to find something reliable and delivers on everything you desire.
Our used car selection includes a variety of makes and models and features many styles of vehicles, including sedans, SUVs, and trucks. You can learn about these options and work with our expert team to get more information about these vehicles. In our process, we ensure you have the information you need and get vehicle history reports, full specifications, and more to decide which vehicle makes the most sense for you.
Our inventory of used cars is also available online, with most of the same information readily available. This allows you to search for a ride, do your research on used car models, and narrow down your options from the comfort of your home. Then, you can visit our dealership to take a closer look at the vehicles on our lot and take a test drive to get behind the wheel and experience it for yourself.
Work with Our Finance Team
Whether you decide to buy a used car or get a lease deal, you want to work with a team that you know has your back and provides the customer service and support you need. Our experts are here to help you through this process.
We start by getting to know your needs in a deal. We use this information to build the foundation of your deal and present you with your options in an easy-to-understand way. We can also answer any questions you have to build your confidence in a deal.
Our website has resources that can help in this process. You could get pre-approved for an auto loan by filling out the online finance application. You can also get an estimated value on a potential trade-in with the Value My Trade tool.
Should I Lease or Buy My Next Used Car
Great financing is key to finding your next car. Buying your car may be better if you rely on it for adventures and long-distance trips. However, if you're a commuter looking for more technology, consider leasing a used car. If you'd like to buy or lease a used car near New Holland, Lancaster, and Lititz, PA, contact us at New Holland Auto Group.
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