Buy vs Lease near Cold Lake, AB
When it comes time to introduce a new set of wheels to your driving roster, it’s important to determine whether you’d like to finance or lease your prospective vehicle. Each path boasts its own respective benefits, and neither option is better than the other. Your choice essentially boils down to what works best for you! To help you proceed with confidence, we at Meadow Lake CDJR are here to provide you with a crash course on each type of contract. When you’re ready to take the plunge, visit our Finance Department to iron out the details of your agreement.
Inventory
Before you even consider buying or leasing, it’s essential to find a vehicle that adheres to your daily driving requirements. Fortunately, you can begin your preliminary search in a pressure-free environment by tapping into New Inventory or Used Inventory dropdowns to pick your preferred make or category. Bear in mind, if you spring for a pre-owned model, you won’t be able to opt for leasing. Once you make your decision, you’ll be redirected to a screen where you can peruse at your leisure to find a few options that abide by your refined tastes. We include filters for the mileage, fuel type, seating capacity, and price point, so you’ll be able to input your list of must-haves in a matter of seconds. If you still can’t decide between two options, use the Compare tool to see how they stack up against each other in a head-to-head matchup.
Buy
Chances are that you or someone you know has previously purchased a vehicle for its full cost. This path is the more traditional route toward automotive acquisition, and it allows you to achieve full ownership once you’ve made your final payment. This is accomplished by splitting up the sticker price over a period of time that spans between four and seven years. This way, you’ll be able to slowly chip away without breaking the bank or falling behind on your installments. Before you visit our location for your consultation, use the Get Pre-Approved form to receive the green light for your prospective loan. This form can be completed in three simple steps, doesn’t require your Social Insurance Number, and will not impact your credit score.
Leasing
On the other side of the fence, leasing has risen to the forefront of popularity, thanks to its short-term and flexible nature. Instead of keeping the model, you’ll simply be borrowing it from us for a timeframe that lasts between two and four years. This will allow you to stay on the cutting edge of driving advancements, because you’ll have the opportunity to upgrade to a factory-fresh ride when your term expires. As if that wasn’t already enough to convince you, your monthly payments will be based on your vehicle’s expected depreciation while it’s in your care, which is a fraction of the cost of buying. And, since this dollar figure depends on your annual mileage, the amount you pay per month is completely customizable. Many drivers also use these contracts as trial runs, because you can finance the remaining balance toward ownership if you want to keep the model for good.
Once you decide whether you’d like to buy vs lease near Cold Lake, AB, drop by our location at Meadow Lake CDJR. In the meantime, contact us to have your questions answered.