Leasing vs. Purchasing

The decision to Lease or Purchase can be confusing. There are advantages to both methods of payment. The right plan for you will depend primarily on how your vehicle requirements match up with your financial situation. We took the time to outline some advantages to both options below. Don’t hesitate to contact our Internet Sales Office to get further information on which plan will benefit you greater. You can contact the Internet Sales office at 803-309-6698.

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Leasing

The benefits of leasing include:

• Monthly payments are usually lower.
• The need for a cash down payment is reduced.
• Upgrading to a more expensive model is easier.
• No obligations/liabilities when returning the vehicle at lease-end, assuming there is no excessive wear and tear or excessive mileage charges.
• Buying the vehicle at a fixed price at lease end is an option.
• Less hassle at trade-in time.

Retail Financing (Purchasing)

Some potential advantages to financing (purchasing) the vehicle:

• Vehicle ownership upon final payment.
• No mileage limitation.
• No penalties for excessive wear and tear.
• No limitations to vehicle modifications.
• Insurance rates may be slightly lower.
  
  If you'd like additional information, please visit the Federal Reserve Board's website, http://www.federalreserve.gov/pubs/leasing/, their website includes informative consumer guides on both leasing and purchasing. Please note, that since pricing may vary, the benefits of leasing vs. purchasing may also vary.