Questions to Ask to Figure out Whether You Should Buy or Lease your Next Vehicle

April 5th, 2022 by

Chevy lease

Picking out the right car isn’t the only important decision to make when you’re shopping here at Moritz Chevrolet. You also have to make sure that you’re picking the best way to get behind the wheel of your new car. Is a Chevy lease or a financing agreement best for you?

If you’re not exactly sure which arrangement will work better, ask yourself the following questions. The answers can make it easy to decide.

How Long Do I Want to Keep my Next Car?

If you like to keep cars for a short time and then upgrade to something new, a Chevy lease might be your best option. You can easily upgrade to a new vehicle every few years without worrying about the depreciation of a vehicle, trying to sell your current car, or anything else like that.

If you want to keep your car until the wheels fall off, a Chevy financing arrangement might work better for you. Once your car loan is paid off, cost of ownership can drop significantly. You just have to worry about costs like insurance, maintenance, and fueling.

How Much Do I Drive?

Take a serious look at your driving habits. Do you have a long commute? Do you love to take a lot of road trips? Then you might end up running afoul of a mileage limit set by a lease.

Leases often limit you to driving 12,000 miles or 15,000 miles per year. Go over and you’ll pay extra. If you think that this limitation will be an issue, buying a car might be the smarter move.

Do I Like to Use Custom Accessories and Performance Parts?

Leased vehicles aren’t technically owned by their drivers. This means that upgrading with accessories and performance parts is not allowed. You’ll have to buy a vehicle if you like to tinker with your cars.

If you want to learn more about your options, contact our team of Chevy dealers and financing experts in Fort Worth, TX. We look forward to assisting you!

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