Buying Vs. Leasing

Buying vs selling

If you’re in the market for a new vehicle, then Wilson Auto Group has the perfect selection to match the needs of any driver. Beyond our many options, our car dealer also has an expertly trained staff to provide Jackson auto shoppers with the answers to important questions about buying or leasing a car. We know that this decision can seem overwhelming, so our team has broken down the options to help you make an informed choice that best fits your needs.

Pros of Buying

  • You can alter the vehicle as you see fit
  • You own the car
  • No mileage restrictions
  • You can keep it as long as you want
  • Gain equity

Cons of Buying

  • Requires a larger down payment
  • Typically includes higher monthly payments
  • Less likely to frequently upgrade to a newer vehicle with new technology
  • Can be difficult to sell
  • Interest adds to total price if you stretch the loan

Pros of Leasing

  • Monthly payments are usually less than owning
  • Typically low-to-no down payment
  • Have the chance to drive a new car more often
  • Repairs are usually covered by the warranty
  • Easy to return after lease ends

Cons of Leasing

  • Difficult to find a lease without a good credit score
  • Have to decide if you want to lease or purchase every time you return a lease
  • Can incur fees if you exceed the mileage limit
  • Don’t build equity
  • Need to be cautious about wear and tear to avoid damage fees upon return of the car

Whether you want to buy or lease your next car, our finance team is happy to assist you in your decision. Our team has a legacy of helping customers through every difficult choice during the sales process, and that includes working with all of our Jackson area drivers to ensure an optimal car financing experience. Whether you have excellent credit or you could use one of our competitive auto loan or lease rates, they’ll work with you to secure a plan that will make the buying or leasing process easy.

To learn more about the great lease and finance options available at Wilson Auto Group, contact us today!