What’s the difference between a lease and a purchase?

We’ve found that a lot of people are skeptical or just don’t know too much about leasing a new vehicle. Of course, leasing isn’t for everybody, but it is something that could be beneficial to some.

Whether you lease or finance a vehicle, you will be making payments. In a lease, you only pay for a portion of the vehicle (plus taxes & fees), whereas, in a purchase, you are making payments for the entire price of the vehicle. At the end of the lease, you don’t have to worry about depreciation, negative equity, or trying to trade or sell your vehicle… You just give it back! And then you can just pick out a new vehicle.

Other advantages of leasing are:

  • You can select the lease term and mileage that meets your needs.
  • Boost your credit score.
  • Lower cost of ownership.
  • Always driving a vehicle with the most up-to-date technology.
  • Eliminates the risk of decreased value in case you get into an accident.

If you’re still not sure whether leasing a car, truck, SUV or crossover is right for you, we invite you come by and learn more about our Chevy SmartLease programs. We’ll help you compare the benefits of leasing to those of buying so that you can make the best possible decision to fulfill your vehicle needs.  Leasing isn’t for everyone, and we understand that.  But the more you know about leasing, the more you may decide that it’s time to lease your next new Chevrolet.

Call for more information or schedule your test drive at 888-261-0090 or visit us at JeffGordonChevrolet.net.

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