When it comes to getting new cars, the choice between buying and leasing is often a tough call. Most people would say that buying is the way to go, but leasing can also be quite attractive because it’s a less expensive option. There are a lot of factors to consider, including your lifestyle as a potential owner and how you prefer to pay for things.

What Can You Expect From Leasing a Car?

If you have a limited budget or you’re the type who likes to drive new cars every three years or so, leasing is the better option. Because you’re paying only for the vehicle’s depreciation, it involves low to no down payment followed by lower monthly installments. The downside is that you won’t own the car. You have to return it at the end of the lease unless you decide to purchase it. This means you don’t have the right to customize the vehicle. With a lease, you must stick to a mileage restriction and have to pay an excess mileage penalty. You could also be charged for excessive wear and tear.

What Can You Expect From Buying a Car?

Buying is for those who have the habit of keeping their vehicle for a long time. You will own the car outright once the loan is paid off, which means you can modify the car as you please and keep it as long as you want. You can also sell the vehicle or trade it in for the next car you buy. Another advantage of buying is the absence of a mileage restriction. The drawback is that it requires a more significant amount of money for the downpayment and monthly dues. You will also be responsible for repair costs once the warranty expires.

There’s no right choice between buying and leasing — it’s all about making the right decision for yourself. Crescent Ford in High Point, NC, can help you find your dream car through a payment option that will work for you. They have an extensive inventory of brand-new cars, pre-owned cars, as well as Ford® trucks. They also offer reliable auto repair services. Call (336) 869-2181 or visit their website to learn more about them.