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Leasing vs. Buying

Should I lease my next car, or should I buy it? This is an age-old question that has been stumping philosophers since the time of Socrates. It’s right up there with, “What is the purpose of life?” and “Do we truly have free will?” Perhaps one day, they’ll be able to crack the code and find the answer. Until then, we’ll focus on answering the first question.
We believe that at the end of the day, both options can be fantastic choices for drivers around the Manhattan, Junction City, and Wamego, KS, areas. Yet, it’s still a tough choice to make. That's why our team at Murdock Manhattan Chevrolet Cadillac created this helpful comparison piece to go over the best parts of leasing vs. buying!

Leasing vs. Buying

The Advantages of Buying

Buying your own vehicle can be a sound investment for your future. By taking great care of your vehicle, you could drive it for years and years, or perhaps eventually sell it or trade it in when you have the desire to drive a new car. Additionally, with buying, you have the freedom to drive the vehicle as much as you want since there are no restrictions.
On top of this, you can customize your vehicle to your wildest dreams. This perk makes buying a wonderful option for those looking to personalize their driving experience!

The Advantages of Buying

    The Advantages of Leasing 

    Perhaps the best aspect of leasing is that it is less costly than buying it outright. When you lease, you're only paying a percentage of the total price of the vehicle. When you’re done with it, you can simply return it to the dealer, ensuring it does not become a sinking cost in your life.
    Additionally, if you’re determined to stay on top of the latest car trends, leasing might be the move for you as you can drive a new vehicle whenever your lease is up (typically in two to five years). Leasing makes it easier to experience the wide range of driving options!

    The Advantages of Leasing

      The Financial Side of Buying

      When you get to the point of financing your vehicle, you'll need to provide an initial down payment with your bank or lender, which is calculated through a few different factors and is typically higher than a lease. This is essentially a car loan that you pay off to the bank or lender. A big benefit of buying, however, is that you can opt to trade in your old vehicle, using the value of it as your down payment for your new vehicle! 
      The Financial Side of Buying

        The Financial Side of Leasing 

        The lower upfront cost of leasing is often more desirable to some drivers. Down payments aren’t typically required when you lease. Usually, the first month’s payment, a security deposit, and a few other fees (similar to renting an apartment) are required. This is why leasing tends to cost lower than buying.
        The Financial Side of Leasing

          Car Service 

          No matter which path you choose, leasing or buying, we want you to know you have a place here at our stellar service center. Our talented team of certified service professionals does not care whether you bought or leased. They do not judge. They see beyond these superficial identities. It is part of their training.
          They will work on your vehicle to the utmost of their abilities every time. They will make your car roar like the thunder rolling across the great plains of the Sunflower State!

          Car Service

            Leasing vs. Buying: A Conclusion 

            When it comes down to it, both are very viable options for drivers around the Manhattan, Junction City, and Wamego, Kansas, areas. It truly depends on the individual’s situation, though.
            Any drivers who are having trouble deciding can feel free to talk to our helpful team at Murdock Manhattan Chevrolet Cadillac. They can’t tell you the purpose of life, but they will certainly help when it comes to figuring out leasing vs. buying!

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