Differences between Buying vs. Leasing a Car in Union Grove, WI

Are you prepared to purchase a new car, truck, or SUV, but are unsure if you should buy or lease? The experts at Martin's Garage in Union Grove, WI have detailed the advantages and disadvantages of both leasing and buying to help you make an informed decision. Continue reading below to find out more about the key aspects of your car buying options, and then visit our incentives page for auto lease and finance specials.

Buying vs. Leasing Review in Union Grove, WI

Leasing Advantages

  • Monthly payments are typically lower because you only pay for the value of the vehicle during the time you are driving it.
  • You have the option to upgrade to a new model at the end of your lease agreement, which is typically 2-to-4 years.
  • Down payments are often smaller or cost nothing at all.
  • Maintenance costs are usually lower since your vehicle is under manufacturer warranty for the life of the lease

Leasing Disadvantages

  • There are yearly mileage restrictions of around 12,000 miles or less that can become costly if exceeded.
  • You will not be able to add any upgrades or make changes to your vehicle because you do not own it.
  • It is important to keep your vehicle pristine because the dealership owns it. If excessive damage or wear occurs, there can be fees incurred for necessary repairs.
  • Lease agreements are often short term and very strict, making it expensive to break the lease early for any reason.

Buying Advantages

  • You can freely customize and add upgrades to your vehicle because you own it.
  • There are no mileage restrictions allowing you to drive as much and as far as you would like.
  • You are not penalized for excessive wear and tear, and you can treat your vehicle however you'd like.
  • After your last monthly payment, you own it outright.
 
  

Buying Disadvantages

  • Higher monthly payments, taxes, and dealership fees are likely, and a down payment is necessary.
  • After the manufacturer's warranty has ended, you are responsible for all auto maintenance costs.
  • The up-front cost is more substantial, possibly causing you to compromise certain features to stay within your budget.
 

Why Buy or Lease at Martin's Garage in Union Grove, WI

The team at Martin's Garage is both knowledgeable and passionate about providing a great experience when you visit us, and we are prepared to guide you through the buying process. We value each of our customers and work hard to deliver a positive experience each time they visit our dealership. Our finance experts will help you get the vehicle you want while working with your budget to ensure you leave satisfied.

Apply for Financing

If you are ready to begin your journey to your next new Ford car, truck, or SUV, apply for financing through our online form, or call us at (888) 380-9176 to speak to a team member. We look forward to helping you along your car buying adventure!

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