When it comes to getting behind the wheel of a new vehicle, one of the biggest decisions is whether to lease or finance. The right choice depends on your individual needs and preferences. At Scranton Cadillac of Vernon, our knowledgeable team is here to help you understand the differences and determine the best path forward.
Leasing vs Financing
When you lease, you're essentially renting the vehicle for a set period of time, typically two or three years. You make regular monthly payments and return the vehicle at the end of the lease term. Financing a vehicle means taking out a loan to purchase it. Financing gives you complete ownership of the vehicle without mileage limits, but usually involves a higher down payment and monthly payment than leasing.
Some other factors to consider include:
- How long you plan to keep the vehicle
- How many miles you drive annually
- Whether you want to customize the vehicle
- If you prefer driving the latest models
Contact Us to Learn More
Still not sure whether leasing or financing is right for you? Our friendly, experienced team at Scranton Cadillac of Vernon is standing by to discuss your options in more detail. We'll take the time to understand your needs and help you make an informed decision.
