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Benefits of Buying
There are a lot of benefits to buying a vehicle. After all, it’s entirely yours for as long as you want to keep it. You won’t get that with lease contracts unless you buy the car at the end of the lease term.
Consider that buying means you will:
- Only have a payment for a set period of time.
- Not have to return the car at the end of a lease period.
- No need to worry about a mileage limit.
- Have a trade-in for later.
- Have pride in ownership.
These aren’t the only benefits of buying a car, but some of the most significant.
Benefits of Leasing
Like buying a vehicle, leasing can have its benefits. Here’s what to consider when you’re looking into the benefits of leasing.
With a car lease, you will:
- Have a new car more frequently.
- Avoid maintenance & repair costs
- Eliminate concerns around car depreciation.
- Ability to purchase the car at the end of the lease
- Avoid a standard car loan.
- Have a lower monthly payment, in most cases (lease payments are usually smaller).
Leasing can have its advantages, but it’s generally best for people who want to get a new car every few years without worrying about repair costs.
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