It comes with perks like the latest features and that great new car smell. However there can be challenges as well. Car shoppers have to make a choice in vehicle style, brand, colour, and features. Shoppers also have to factor in whether they are going to finance the vehicle to buy it, or would rather lease it for a limited time. When comparing lease vs finance opportunities near Winnipeg MB, there are multiple factors to consider. To make it easy on you, we at Craig Dunn Motor City are going to look at a few of them. Some highlights are in the chart below. The video to the right also covers many important and useful lease vs finance details comparing.
How to decide
Budget and personal preference are often the deciding factors when it comes to leasing or financing. Financing generally requires larger monthly payments and a larger down payment because new car purchasers are paying for the entire cost of the vehicle, including taxes on the full car purchase. When leasing, however, the costs are much smaller. New car drivers are effectively paying for the cost of depreciation and a lease fee. Even taxes are usually just for the portion of time you are leasing the vehicle, and you may not have to pay them all upfront. If you lease you also don't have to worry about being stuck with a vehicle you don't enjoy for a long time. Instead, you can trade it in hassle-free at the end of the term and sign a new lease for your next new vehicle.
Lease
VS
Finance
Smaller payments cover rent and depreciation
Monthly PaymentsÂ
Larger payments pay total cost of vehicle
Limited. Drivers pay if they go over a set limit
Mileage
Unlimited driving
Automatic return of vehicle at the end of term
Vehicle Returns
Reselling or trading is all owner's responsibility
Must be removed at end of term
Modifications
Any modification is allowed
Is leasing or buying right for you?
When considering whether to lease or finance near Winnipeg MB, it's important to consider what you want out of a vehicle. If you like a car, truck, or SUV that you can add accessories to and drive until the wheels fall off, then leasing is probably not for you. Because financing ends in ownership, you can immediately begin making any changes and modifications that you would like without penalty. However, if you are a driver who likes to switch out the family commuting car every few years without any hassle, it makes a lot of sense to lease. You can make lower payments for the same quality new vehicle and return it at the end of the term. Leasing can remove the headache of trying to sell or trade a used vehicle.Here at Craig Dunn Motor City we know that every customer is different. We want families and individuals who come to us in Portage La Prairie near Winnipeg MB to be able to leave with a new Chevrolet, Buick or GMC vehicle that will suit them and their needs. We are happy to work with you and our financial contacts to find the best leasing and financing options for you, your family, and your budget. Contact us today or fill out the form on this page to find out what kind of lease or finance options we have available to you.
