Leasing vs. Buying

January 22nd, 2019 by

Deciding that you want to get a new car is a big decision that requires a lot of thought. Both buying or leasing a car have their pros and cons, and it is up to you to ultimately make the decision on what is best for your current situation. The decision is especially rough for those who want to have a car with the newest technology and updated safety features as opposed to buying a used car.

If you are looking to either get a car lease in Plainfield or a new car, here are some factors to consider when making your decision.

Total Monthly Cost

Leasing a car will result in the lowest monthly payment for you, as they are based on the car’s depreciation period as opposed to the car’s purchase price. Lower monthly payments are a great way to make your vehicle more affordable, but purchasing a car is nice because you know that your monthly payments will eventually stop when the car is paid off.

Insurance Considerations

Car leases in Plainfield may cost more in terms of car insurance, as leasing companies have standards that must be met. Insurance company standards typically include both comprehensive and collision coverage. Compare rates before deciding on what company is best for you.

The Option for Flexibility

If you are a car junkie, you might not like the idea of being tied to one car. This is where leasing is ideal, as you are able to switch out your car more often than if you were to buy one. Consider how often you’ll want to buy a new car when deciding whether to lease or buy.

Whether you want a new car or you want a car lease in Plainfield, our team at Hawk Volkswagen has plenty of options for you! Contact us today to get started.  

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