Buying vs. Leasing A Vehicle: Which Is Right For You?


Buy or Lease A New Car in Greeneville, TN

Once you start shopping for a vehicle, you might find yourself overwhelmed with the number of options you have. Sedan or SUV? Do you want a hybrid? How about interior material? And those are just to name a few. There is one specific set of options that can trip some people up, especially if they don't have a lot of knowledge on them; buying or leasing. Let's explore the benefits of each when you shop at Gateway Ford.

Buying vs. Leasing

The glaring difference between the two options is that when you lease, you do not own your vehicle. If you buy, you do own your vehicle. Paying at the dealership or setting up a finance plan equals complete ownership, while signing a lease agreement just means you can drive the vehicle for a set period of time. A few other important elements differ as well:

  • After a lease is up, all you would need to do is return it to the dealership. There's no selling process involved.
  • Leasing for short periods of time means you are able to receive a new model more frequently, which means you can experience the newest features with each lease.
  • Buying a car with a financing plan and making those payments on time builds credit and builds your credit score.
  • Lease payments tend to be lower than auto loan payments.

Now that you know some key differences, is there one that sounds more appealing to you? It's clear that both have their upsides.

Save When you Buy or Lease at Gateway Ford

No matter which option you end up going with, there's a vehicle calling your name at Gateway Ford. Our team is ready to answer any of your questions, and happy to help you throughout the entire process. People are different, and that's why when you visit our dealership we'll take you for a test drive or two and make sure you find the perfect plan for your needs. Check out our stellar inventory and specials online and then come visit us at your earliest convenience. We can't wait to watch you drive off in your dream ride!