Auto-Financing at Crown Motor Group Chevrolet Buick GMC

Buying vs. Leasing - Which Option is Best For You?

If you're in the market for a new vehicle in Mt. Pleasant, IA, it's important for you to weigh out your auto-financing options.  Here at Crown Motor Group Chevrolet Buick GMC, we work with drivers from across the state to help determine which financing options are best suited for them. Whether you choose to lease or buy your next car, both options have their unique advantages, and we're here to help you determine which one is right for you.

Benefits of Leasing

Leasing is ideal because it doesn't require a hefty down payment.  If you're looking to make low monthly payments on your next vehicle, consider signing a no-money-down lease and save each month on a newer and nicer car that you couldn't normally afford.

When you sign a lease deal in Ottumwa, you essentially agree to pay for the vehicle's depreciation as you drive it for the next couple of years.  Instead of paying for the vehicle upfront for what it's worth, leasing allows you to craft your own unique repayment plan that covers only the time you spend behind the wheel.

Additional benefits of leasing include:

  • Experience the latest automotive technology and intelligent features
  • Enjoy exclusive lessee warranty coverage
  • Ease of trade-in at the end of your lease term

Downside of Leasing

The most significant disadvantage of leasing a car from Crown Motor Group Chevrolet Buick GMC is that you can't claim ownership of it.  Unlike buying or financing a new car, signing a lease is more like renting than buying to own.  Because of this, you'll be forced to return the vehicle, might be restricted on mileage, and limited as to how far you can travel outside of Washington, IA, without being overcharged.  Leasing also ends up costing you more over time than if you were to buy.

Benefits of Buying

The perks of financing or buying a new car help you obtain the highly coveted status of being a certified car owner, which not only sounds official but comes with its own slew of unique advantages, including:

  • You own the vehicle once your initial loan is paid off
  • You're free to drive unrestricted by mileage or out-of-state travel laws
  • Freedom to sell your car on your own after repayment is completed
  • You can customize and upgrade your vehicle as you see fit
  • And more!

When it comes to finding a new car, buying offers the best of both worlds as it costs you less over time and grants you unprecedented access to a world of adventure and exploration. If your budget allows, consider the pros of buying and work with our dedicated finance team to get you behind the wheel of your favorite vehicle today!

Downside of Buying

The downsides of buying a new vehicle in Fairfield, IA, mainly include having to deal with paying more each month and more on taxes, depending on the car's sale price. Ultimately, buying or financing costs you more upfront and requires a hefty down payment (usually 10%) even to get started.

Which Option is Best Suited for You?

If you're struggling to determine which financing option is best suited for you, the experts at Crown Motor Group Chevrolet Buick GMC are here to help!  To help you understand what's best for your budget, please call or contact us online at our facility near Burlington, IA, to speak to a dedicated member of our finance team.  Discover which financing option makes the most sense for your financial situation and allow our team to guide you along your quest for financing or leasing a new car near your home in Fort Madison.  We look forward to meeting you!

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Contact

Crown Motor Group Chevrolet Buick GMC

2301 E WASHINGTON ST
Directions MOUNT PLEASANT, IA 52641

  • Contact: (319) 249-2291

Hours

  • Monday 9:00 am - 6:00 pm
  • Tuesday 9:00 am - 6:00 pm
  • Wednesday 9:00 am - 6:00 pm
  • Thursday 9:00 am - 6:00 pm
  • Friday 9:00 am - 6:00 pm
  • Saturday 9:00 am - 5:00 pm
  • Sunday Closed