Connecticut Buick SUV Leasing and Financing Information
The Tom Brady of the car industry, the SUV segment, is pushing the limits of what we thought was possible to ask from a vehicle. Providing excellent comfort, power, towing abilities, cargo space, tons of safety and tech features, today's SUVs seem to have them all. They outshine the sedans, and they outsmart the trucks.
Buick is one of the country's best manufacturers when it comes to their SUV line-up, and that's why we stocked loads of them here at O'Neill's Chevrolet Buick. Made-up of the Envision, the Enclave, and the Encore, it's almost impossible not to find a perfect SUV to meet any and every buyer's needs in Buick’s line-up. From tons of tech features to plenty of engine choices and trim levels, unprecedented versatility is put to market between these three models.
Since there’s something for everyone in our stock, the only remaining problem is how buyers will decide to purchase their ideal vehicle. There's the up-front cash option, of course, but that's reserved for very few. The vast majority of customers choose between Leasing and Financing their brand-new Buick SUV, and since there’re plenty of differences between the two options, we think it’s a good idea to take a few minutes and explain them to you.
The fundamental difference between the two boils down to ownership. When you lease a vehicle, you're basically renting it from the dealership, you don't own it at the end of the lease. With financing it's the exact same opposite, you pay every month so you can own the SUV when the contract is due. So if that’s the case, why would people choose to pay money every month and have nothing to show for at the end?
There are advantages and disadvantages associated with both options, so let’s take them one by one. Starting with leasing, what you get that financing can’t offer are:
1. Smaller monthly payments. Since you’ll effectively be paying JUST for the depreciation of the vehicle as a result of you using it, and the dealer will have the car at the end of the lease to sell, your monthly payments will be smaller. This is great because...
2. You’ll be able to afford better versions for the same monthly fee. Higher trim levels and better engines will be fitted onto your vehicle.
3. A brand-new car every 2 to 3 years. When you finish the lease, you give the car back to the dealership, and ... they'll give you a brand new one to take home, provided you keep paying the monthly installments. That's great since you'll have the latest tech always at your fingertips and that fresh-out-the-factory smell in your nostrils.
It's not all positives though, so keep in mind that with a lease you don't own the cars, so if you want to use them, you'll have to pay a monthly fee forever. It's like renting a house, you just pay for the ability to use it, you don't own it, no matter how long you paid for, be it years or decades. Never-ending monthly payments that get you all the above-listed perks.
Financing is the absolute opposite as it will get you:
1. Full and complete ownership, with nothing owed to anyone at the end of the contract.
2. No mileage limits. A potential problem with leasing is that they have a cap of between 10 and 15.000 miles included yearly in the monthly payments you’ll be making. Anything above that will be charged extra on a pay-per-mile system. That’s because the more you drive the car, the less it will be worth at the end, so you’ll have to make up for more depreciated value. With financed cars, you can drive them as much as you want, there’ll be no extra fee.
3. Use it as you see fit. Put dents in it and don’t worry about being charged extra. Your car will show character and personality with a few minor scratches here and there, a true testament that it’s a partner in crime, not an accessory.
Sure, financing is more costly per month, but that’s for a limited period of time since you'll own the car once the payments stop. With leasing, you'll have to pay and own nothing at the end of it.
Financing is for those of you who need to drive around a lot and need to rely on your car on a daily basis. Those who want to build value day in and day out, own things at the end of the day.
Leasing is for people who value the moment more. Those of you who want the very best in terms of features and that enjoy the comforts of a brand-new car more than the piece of mind of owning a used vehicle.
It's a choice between living in the moment and building for the future, and there's no right or wrong, just individual preference here.
If you want to learn more and have a drive in one of Buick's spectacular SUVs, visit us at O'Neill's Chevrolet Buick. We're located in Avon CT. We love matching buyers with the perfect car, and we're experts at providing guidance on how to best go about getting that SUV home with you.