Chevrolet Buy vs. Lease in Lexington, SC, Serving Columbia, Irmo, & Batesburg-Leesville

Chevrolet Buy vs. Lease in Lexington, SC, Serving Columbia, Irmo, & Batesburg-Leesville

The decision to buy or lease your new Chevrolet from Herndon Chevrolet in Lexington, SC ‐ serving Columbia, Irmo, & Batesburg-Leesville ‐ has many advantages to consider. We’ve compiled a list of both options for you.

Leasing

If you enjoy getting a new car every couple of years, like lower payments, and don’t accrue excessive mileage on your vehicles, leasing your new Chevrolet is a good option for you. Most leases last around 36 months and have mileage limits that average between 10,000 and 15,000 miles per year. Because you’re paying only for the time you’ll be driving the vehicle, your payments should be lower than a loan payment. You also won’t require a huge down payment. Since the payments are lower, you can most likely afford a higher-end trim package that has the fun features you want. Better yet, the new car warranty will typically last through the end of the lease, meaning you don’t have to worry about shelling out money for mechanical issues. When you reach the end of your lease, you can return it to Herndon Chevrolet and lease a new auto, or simply walk away.

Buying

If you prefer to eventually own your new Chevrolet and intend to drive it well past its payoff, an auto loan is the choice for you. With ownership, you don’t have to worry about mileage limits, and you can customize your ride to make it a true reflection of your personality. While the down payment and monthly payments will most likely be more than a lease contract, when the vehicle is paid off, you’ll be the sole owner and can continue driving it or use it as a trade-in for a new vehicle.

To see your personalized finance options on leasing or buying a new Chevrolet, feel free to call us or visit the dealership at 5617 Sunset Boulevard.