Buying vs. Leasing A Vehicle – Compare Auto Ownership Options

It is a big decision to get a new vehicle. Now there are more options than just purchasing a new car, truck, SUV or crossover. Drivers have the ability to lease a vehicle for a contracted amount of time. How do you know which option is best for you? At Graff Chevrolet Mt. Pleasant we will help you discover on whether buying or leasing a new vehicle is right for you. Our team of sales professionals strives to make the buying and leasing process as comfortable as possible. That is why we want you to be just as informed as we are.

Our team of experts at Graff Chevrolet Mt. Pleasant want to help you decide which option will best fit your lifestyle. Our knowledgeable staff is here to answer any and all of your questions. While you begin to think about choosing between buying and leasing a car, here are a few things to consider that may help your decision process:

  • What are your driving habits?
  • What is the daily commute you make?
  • What could be the potential vehicle maintenance costs?
  • What type of vehicle are you interested in?
  • What is your monthly budget?

Along with these listed questions, you will want to think about the advantages and disadvantages of buying and leasing a vehicle. We have built a guide that will help you compare and contrast your car options between buying and leasing. As you look at each option keep in mind how it will fit your current and future lifestyle. Each person is unique, and our team at Graff Chevrolet Mt. Pleasant will work with each person to match them up with their perfect vehicle. If you have more questions about buying or leasing a vehicle you can look to the left hand side of this page and check out our How to Buy and How to Lease pages. You can also contact our sales team at (989) 773-3937.

Which is the Best Option for You? Buying or Leasing

Buying vs. Leasing a Vehicle
Buying vs. Leasing a Vehicle
  • Maintenance must be covered by owner or warranty
  • Monthly payments vary depending on down payment
  • Pay for the full cost of the vehicle
  • Buying builds buyer’s equity
  • You drive only 1 vehicle for 60+ months
  • No limit on number of miles driven
  • You can trade-in or sell your vehicle anytime
How To Buy A Car
  • Monthly payments vary depending on down payment
  • Lease periods range from 24-72 months
  • Lease price is based on percentage of vehicle cost & length of lease
  • You can drive up to 2.5 vehicles over 60 months
  • Specific mileage allowance per year
  • Minimal maintenance required
How To Lease A Car
Buying vs. Leasing a Vehicle
  • The vehicle is yours after loan is paid off making it more cost effective in the long run
  • No mileage restrictions
  • Ability to customize or modify vehicle
  • No monthly car payments once the loan is paid off
View Inventory
  • You’ll always have the latest, updated vehicle
  • Maintenance costs may be included in lease
  • You can drive a new car every 2 years
  • Lower up-front costs
  • Potential for lower monthly payments
View New Inventory
Buying vs. Leasing a Vehicle
  • Monthly payments are typically higher
  • Potential hassle to sell the vehicle later on
  • Down payment may be more expensive
  • Maintenance costs are your responsibility
  • Vehicle value depreciates quickly
Ask A Buying Question
  • Early lease termination can be expensive
  • Restriction on miles you can put on the car
  • You don’t own the vehicle
  • You’re responsible for damages, wear and tear
Ask A Leasing Question

Contact Graff Chevrolet Mt. Pleasant About Buying and Leasing Information

If you believe you know which choice is best for you, visit our How to Buy and How to Lease pages on the left hand side for more details in the buying and leasing processes. You can also start your vehicle search right from home! Our Inventory page is up to date on every car, truck, SUV, or crossover we have available. If you are looking for something more specific try out Find Me A Vehicle page and one of our sales team members will contact you about a specific model.

Our team at Graff Chevrolet Mt. Pleasant work hard at making the vehicle buying or leasing decision as easy as possible. We understand a new vehicle is a serious decision and we want you to be comfortable with your choice in the end. So whether you buy or lease your next car, truck, SUV, or crossover, we want to be the team to help. Visit our dealership at 4580 E Pickard Rd. in Mt. Pleasant, MI. We are conveniently located right off of US-127 and proudly serve the Mt. Pleasant area along with Clare, Alma, Big Rapids, and Midland. Our expert staff will provide you will all of the buying and leasing information you will need, so give us a call at (989) 773-3937 today.