Should I Lease or Should I Buy?

Your personality, driving habits, career, and lifestyle all factor into whether you should lease or buy a vehicle. Do you like to have a new vehicle every few years, or do you prefer to find the car that speaks to you and keep it for a long time? Are road trips part of your hobbies or do you prefer not to drive too far? Families from Naperville may want to buy their vehicles outright while Chicagoans may want to lease theirs. The decision to buy or lease a vehicle is a matter of personal preference. There isn’t a right or wrong decision but to make one, simply ask yourself, “What kind of driver am I?”

Sometimes you find the car that fits you perfectly, and you would like to keep it for a long time. Or maybe you like to customize cars so they stand out. Buying makes sense if you have a long commute, enjoy road trips, or get attached easily. While you may have to spend more money up front due to a higher down payment and monthly payments, you’ll save more money in the long run due to possible resale value as a trade-in or, if you own it long enough, years of no monthly payments. Leases have numerous restrictions regarding miles, wear and tear, and modifications, but when you buy, you own the vehicle outright. That means you can customize it any way you want and put as many miles on it as you want.
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