Lease vs Buy

When it comes to purchasing a vehicle, you’ll have plenty of decisions to make. After picking out your model, the color, your preferred amenities, and features, there’s one more choice to consider: Will you be leasing or buying?

Both options come with their own advantages, and the answer ultimately will come down to your needs and preferences. Below, our team at LaFontaine Volkswagen Livonia has taken a look at both sides of the lease vs. buy question to help drivers in Livonia and Dearborn, MI, make the right choice for their needs!

Advantages of Buying

Advantages of Leasing

Do you like being able to drive a new model every few years? Do you like to keep up with the latest available features and technology? Are you interested in possibly lower monthly payments? If so, then leasing may be the option you’ll want to pursue.

When you lease a vehicle, unlike buying, you don’t own the vehicle you drive. It’s closer to a long-term rental agreement. Usually, you will agree to a lease term of a certain amount of time, typically between two and four years, after which you’ll return the car to our dealership. This doesn’t mean the end of the road, however.

Upon returning your lease, you’ll have a few options open to explore. If you enjoyed driving your leased vehicle, you may choose to extend your current lease or possibly even buy it outright! Want to upgrade to a newer model or change models altogether? You can do that as well. Or, you can simply return the lease and walk away.

Advantages of Buying

Advantages of Buying

Do you like the familiarity that comes with driving the same vehicle for many years? Do you have a longer commute or like to drive often? Do you plan to customize your new set of wheels? If so, then buying may be the right choice for you.

The main advantage of buying a car is that you own it. Since you don’t have to return it after a few years, you’re free to modify and drive it the way you want.

When the time comes to move on, you’ll also have more of a say in what happens to your beloved vehicle. You can sell it privately or to a dealer, trade it in for a newer vehicle, or even hand it down to a member of the family.

The Choice Is Yours

Will you be driving your new vehicle for an extended period of time or would you rather have a new model every few years? Do you plan on modifying your vehicle in any way? When it comes to the question of lease vs. buy, there are plenty of factors to consider.

Luckily, our team at LaFontaine Volkswagen Livonia is here to help you navigate these questions and more so you can be confident in choosing the option that works for you. If you have any questions or if you want to set up a test drive near Livonia and Dearborn, Michigan, in one of our models, contact our team today!

Contact Us

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.
  • This field is for validation purposes and should be left unchanged.
LaFontaine Volkswagen of Livonia 42.367472, -83.383208.