Should I Buy or Lease?

When the time comes to get a new vehicle for your Los Angeles commutes, the first step is to decide if you should buy or lease. What works best for you in terms of leasing vs. buying? Learn more about the benefits of leasing and buying with the Jaguar Anaheim Hills Certified Pre-Owned & Service finance team before you get the process started on your favorite model from us at Jaguar Anaheim Hills Certified Pre-Owned & Service in Anaheim.

Benefits of Buying

• No Mileage Restrictions: If you tend to drive long distances more often than not, you may want to consider buying. Leasing a vehicle means there are mileage limits. This is better for drivers who stay close to home.

• Total Ownership: When you buy a vehicle that means it’s yours to do with as you please. There are no restrictions on how it’s modified, decorated, etc.

• Customization: Buying rather than leasing allows you to make cosmetic and mechanical changes as you see fit.

• Ability to Sell: Since you’re not locked into a lease agreement, you can opt to sell your vehicle whenever you choose.

• Financing Options: While leasing isn’t a massive headache, the car financing process is more straightforward, and generally open to those without perfect, or great, credit scores. When buying, you can also refinance your loan to lower your interest rate and monthly payments.

• Less Cost Over Time: Though buying a new car is more expensive in the initial period, it is less troublesome in terms of cost over time as you work towards paying off your loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.

Benefits of Leasing

• Lower Payments: Whether it’s monthly payments or down payments, when you lease a vehicle those costs will be much lower than buying.

• Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax. In some areas, you only have to pay tax on the amount you put forth in the down payment and for the monthly payments.

• Trade-Ins: When your lease agreement is over, the process of getting your next leased vehicle is simple. Head to your local Orange County dealership, pay any remaining fees, and drive away in your next vehicle of choice.

• Great Coverage: Warranty coverage and maintenance is a breeze when leasing, as any issue that pops up under your warranty, as long as you don’t go over the mileage limit on your Chino Hills drives, is covered.

• Options: Leasing allows you to stay in the newest models with the most up-to-date tech every time you lease a new vehicle. You’ll have tons of options and will be able to find the perfect model and features for you.

Explore Leasing and Financing Options at Jaguar Anaheim Hills Certified Pre-Owned & Service

After comparing a lease vs. buying, hopefully you’ll have an easier time choosing the option that’s best for you and your finances. If you still have questions or are ready to get the process started, contact our team! We also have an online payment calculator to help you estimate future payments and an online financing application to help you get pre-approved.