Should You Buy or Lease Your Next GMC in Tustin?
There's no "one size fits all" answer to whether you should buy or lease your next GMC: it all comes down to what kind of ownership experience you value. If you've already decided which one is for you but are still mulling over buying or leasing, we've compiled this helpful guide to help you decide.
Why Should I Buy My Next GMC?
The main selling point for buying your next truck or SUV is that you outright own it after you pay off the loan. Unlike with a lease, you don't need to return the vehicle after a few years, so you can drive it as long as you want and won't need to worry about making monthly payments anymore. If you choose to sell it, you get to keep all the money you get from it.
When you own a vehicle, you're not limited by the lease terms, so you can freely customize it in any way, from adding a trailer hitch to a custom wrap. Additionally, if you put a lot of miles on your vehicle, ownership is probably the better option because you're not limited to how many miles you put on the vehicle in a year. Leases typically limit your driving to 12,000 to 15,000 miles each year of the lease.
Buying also gives drivers more flexibility when choosing insurance, since some insurers and plans don't cover leases. You can also choose to have longer loan terms when purchasing, so you can raise or lower monthly payments depending on how quickly you want to pay it off.
Why Should I Lease My Next GMC?
Leases are a great option for drivers who prefer to drive a new vehicle. Some of the many perks of driving a new truck or SUV include having the latest in driver assistance technology, always having a vehicle protected by a warranty, and carrying minimal risk of a breakdown.
Additionally, you don't have to go through the trouble of selling the truck or SUV after the lease ends; you bring it back to the dealership. On the other hand, if you love the vehicle, you can purchase it after the lease ends.
Drivers who choose to lease end up with a smaller payment down and lower monthly payments than those who buy, because when you lease, you're only paying for the depreciated value of the truck or SUV. If you're not looking to make a sizable down payment, a lease may be
Buy or Lease Your Next GMC at Tustin Buick GMC
There's an incredible selection of GMC vehicles like the Sierra 1500, Acadia, HUMMER EV, and Terrain to choose from at Tustin Buick GMC. Come in, or call us at (866) 362-9920.