Should I Buy or Lease?

Young Couple Looking Over Paperwork

That’s a big question when it comes to your new car in Fort Worth. The answer depends on your car and financial priorities. There are perks and downsides to both options. We’ll explain the basic differences between buying and leasing a new car at Autobahn Land Rover Fort Worth to get you started. If you have more questions or have decided which works best for you, get in touch and we’ll help you move closer to acquiring your new car.

Perks of Purchasing

  • The car belongs to you for as long as you like. You don’t have to return the car to the dealership.
  • There are no mileage limits when you own your car. Drive around DFW all you want without worrying about overages.
  • Buying gives you more customization options. Make this car your own.
  • Sell your car if you’d like. It belongs to you, and you’ll get the cash if you sell.
  • Financing for purchasing a car is more straightforward than leasing. You can even apply for financing online. 
  • Over time, because you will likely keep a car you own longer than one you lease, you will save money.

Leasing Benefits

  • Expect a lower down payment and monthly payments when you lease. Your sales taxes in Dallas-Fort Worth will also be lower since you don’t own the car outright.
  • Once you’ve leased your first vehicle, it’s relatively simple to trade it for your next lease. Just pay any remaining fees on your old car and choose your next lease.
  • You aren’t stuck with the negotiating involved in trading or selling your old leased vehicle. Just return it to the dealership when the lease ends. As long as you haven’t exceeded the mileage and wear and tear limits, you’re good to go.
  • Stay up-to-date with new models when you lease. Most leases last a couple of years, making it easy to upgrade often.
  • As long as you’re under your mileage limit, your warranty coverage will protect your car.
  • It’s easier to get approved for a lease than it is for a car loan. Even if your credit has taken a hit, you can still drive a reliable new car.
Red 2020 Land Rover Discovery Sport on Hill

Still Debating Leasing vs. Buying? Autobahn Land Rover Fort Worth Can Help!

Now that you know the basics, visit Autobahn Land Rover Fort Worth and we can answer your questions about buying vs. leasing. Our Finance Department is here to help walk you through every step of automotive financing and leasing!

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