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Should I Buy or Lease?

Finance Paperwork with Glasses

So, should I buy or lease? When you’re looking for a reliable new vehicle for your Beverly Hills commutes, you might be wondering what the best financial path to take is. The answer is finding out what works best for you in terms of entering a lease vs. buying. There are benefits to buying and leasing, but it is important to consider what your needs are, what you can afford, and what you want. Let’s take a look at the benefits that come along with financing and leasing, so you know which is right for you when you come and visit the team at Jaguar Los Angeles and ask “should I buy or lease?” Explore our lease vs. buying guide below!

Benefits of Buying

  • No Mileage Restrictions: If you’re driving your vehicle inside and outside of Bel Air, you may want to consider buying. Without the mileage limits you get on a leased vehicle, you’re free to drive as frequently as you want.
  • Total Ownership: Buying a vehicle means you own it. This means you are free to do with the vehicle what you please and there are no restrictions on how it’s modified, decorated, etc.
  • Customization: Want to make your new vehicle stand out on Los Angeles roads? Buying rather than leasing allows you to make cosmetic and mechanical changes.
  • Ability to Sell: Since you’re not locked into a lease agreement, you can choose to sell your vehicle whenever you choose.
  • Financing Options: The car financing process is more straightforward, and generally open to those without perfect credit scores. When buying, you can also refinance your loan to lower your interest rate.
  • Less Cost Over Time: With vehicle ownership, the car becomes less expensive to own the longer you have it.

Benefits of Leasing

  • Lower Payments: When you lease a vehicle those costs will be much lower than buying.
  • Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax. In some areas, you only have to pay tax on the amount you put forth in the lease.
  • Trade-Ins: When your lease agreement is over, the process of getting your next vehicle is simple. Head to your local Los Angeles dealership, pay any remaining fees, and drive away in your next vehicle.
  • Great Coverage: Warranty coverage and maintenance is a breeze when leasing, if any issue arises that’s still under your warranty, and you didn’t go over on mileage, it’s covered.
  • Options: Leasing allows you to stay in the newest models with the most up-to-date features. You’ll have plenty of options and will be able to find the perfect model for you.

Explore Leasing and Financing Options at Jaguar Los Angeles

Whatever you choose in the lease vs. buying debate, remember the decision is based entirely on your personal needs. Explore all of our Jaguar leasing and financing deals, and head over to our dealership to find your next vehicle. If you have any questions, feel free to contact us today!

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