YOUR FINANCING AND LEASING QUESTIONS ANSWERED BY SHEPHERD’S CHEVROLET BUICK

If you’ve been checking into vehicle leasing and auto loans, and you still have questions, you’re not alone. One of the most common concerns we’re asked to address at Shepherd’s Chevrolet Buick is the difference between buying and leasing.

Buying Versus Leasing: Which Option Is Right for Your Situation?

We’ve taken a little time to compile some of the benefits of each to help you make an informed decision. Regardless of the option you choose, Shepherd’s Chevrolet Buick will ensure that you get a great deal on your new vehicle. 
 
What Are the Major Differences Between Buying and Leasing? 
It’s easiest to look at vehicle lending in terms of buying or leasing a property. When you finance a vehicle, it’s yours to keep until you sell it. You can sell a purchased vehicle to anyone, or you can use it for a trade-in to get a new car. When you lease, the vehicle is used by you and you care for it, but it’s returned to the dealership at the end of the lease term.
 
Which Option is Best Suited for Credit Concerns? 
While you may find some leases that allow minor credit issues, well-qualified customers are the best candidates for leasing. Buying your vehicle and financing it is the way to go if you’ve had past credit challenges. You’ll find a variety of lenders competing for your business, and nearly everyone goes home happy.
How Long are the Terms for a Lease and an Auto Loan? 
Leasing is optimal for those who like to get a new vehicle every two to three years, and it works out cheaper for these customers, as well. Most leases are offered for two to five years, and the lengthier the term, the lower the monthly payments. However, more is paid in interest, and this holds for auto loans as well. Auto loans offer a broader range of terms with most lasting between three and seven years. 

Find the Perfect Auto Loan or Lease at Shepherd’s Chevrolet Buick in Rochester, IN 
We’re ready to get you approved to drive home in a new leased or purchased vehicle from Shepherd’s Chevrolet Buick, serving Logansport. Be sure to check out our online financing tools, then get in touch with us for your test drive today. 
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