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Should I Buy or Lease?

Tiny car with coins and finance paperwork

If you’re searching for a used vehicle for sale near Nashville, you might be trying to figure out what’s the best financial choice to make. Ultimately, you’ll want to decide whether leasing vs. buying works best for you in terms of your budget and driving needs. Music City Autoplex will walk you through the benefits of both as we answer the frequently asked question, “should I buy or lease?”

Benefits of Buying

  • No Mileage Restrictions: If you intend on driving your vehicle inside and around Hendersonville, you may want to consider buying, since leased vehicles have mileage limits.
  • Complete Ownership of Vehicle: When you buy a vehicle, you’ll have total ownership. This means you can do whatever you’d like to with the vehicle, such as modifications.
  • Customization: Buying as opposed to leasing allows you to make any cosmetic and mechanical changes to your car as you’d like.
  • Ability to Sell: Because you aren’t obligated to abide by a lease agreement, you have the ability to sell your vehicle whenever you choose.
  • Financing Options: Even though leasing isn’t too complicated of a process, car financing can be more straightforward and is typically open to shoppers without perfect or great credit scores.
  • Spend Less Over Time: While purchasing a car near Clarksville can be more expensive initially, this price becomes less daunting as you gradually work toward paying off your loan. Once you own the vehicle, it becomes less expensive the longer you have it.

Benefits of Leasing

  • Lower Payments: From your down payment to monthly payments, leasing a vehicle means these costs will be much lower.
  • Less Sales Tax: In many states, leased vehicles have lower sales tax. Or, you may only have to pay tax on your down payment and monthly payments.
  • Easy Trade-In Process: Once your lease agreement is over, it’s a simple process to get the next one. Simply visit your local Madison dealership, pay any remaining fees, and leave with your vehicle of choice.
  • Great Coverage: If any issues occur under your warranty, as long as you haven’t gone over the mileage limit, they’ll be covered.
  • More Options: If you’re someone who likes to have quick and easy access to the newest automobiles on the market, leasing allows you to stay in the most up-to-date models.

Start Your Financing or Leasing with Music City Autoplex Today

Whatever you decide in the leasing vs. buying decision, remember that it all comes down to what’s best for your financial situation and driving desires. Learn more about used car leasing, and if you have any additional questions about which financial option is best for you, reach out to our finance experts who will gladly help you decide whether leasing or buying is best for you.

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