Leasing vs. Buying: What Latrobe, PA, Drivers Need to Know
The Differences Between Leasing and Buying
When you lease a new vehicle, you make monthly payments to our dealership so you can drive it. A lease agreement usually lasts 36 months, but longer or shorter leases are sometimes available. At the end of the lease, you can return the vehicle, trade it in for a new model to lease, or buy the vehicle.
Customers who want to buy a new or used vehicle typically do so by financing. Financing lets you pay the full price for a car, truck, or SUV upfront by taking out a loan. You then pay off the loan over time with interest added. Once the loan is paid off, the vehicle belongs to you.
The Pros and Cons of Leasing and Financing
Leasing is a great option if you want to drive a new vehicle without having to take out a loan. Leasing also provides you with multiple end-of-lease options, so you have plenty of flexibility. However, you can't customize your vehicle, and you have to stay within mileage limits.
If you want to be able to customize your vehicle and don't want to have to worry about mileage limits, buying it might be the way to go. Many customers know they want to own their vehicles and want to get that path right away by financing. If you want to shop for a used vehicle, financing is an option, while leasing typically is not.
Learn More About Leasing and Buying a Vehicle Today
Are you ready to discover if leasing or financing a new or used vehicle at Latrobe Ford is right for you? Then contact our dealership's Finance Center today.
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Latrobe Ford Inc.
1595 Mission Road
Latrobe, PA 15650
- Sales: 724-987-7733
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