Buying vs Leasing at Alderson European Motors Lubbock

Buying vs LeasingLearn Which Approach is Best for You

Alderson European Motors Lubbock

1702 Texas Avenue
Directions Lubbock, TX 79401

  • Sales: (806) 763-8041
  • Service: (866) 756-7317
  • Parts: (888) 517-2415

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Hours

  • Monday 9:00am - 6:00pm
  • Tuesday 9:00am - 6:00pm
  • Wednesday 9:00am - 6:00pm
  • Thursday 9:00am - 6:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 6:00pm
  • Sunday Closed

Should I Buy or Should I Lease my Next Mercedes-Benz Car?

When you go shopping for your next car, the biggest decision you make might not be the model you drive home but, rather, how you pay for it. Finding the right financing for you and your situation can make a big difference in how comfortably a car fits into your life.

Unless you're fortunate enough to have the funds to pay for your vehicle completely out of pocket, you'll have to choose between buying with a car loan and using a lease agreement.

 

The Pros and Cons of a Loan

The biggest benefit of a loan is that the car is yours. You own it and you can do what you want with it. That includes selling it or trading it in when you're done with it. If you pay off the loan, you can likewise drive it around for years afterward without any car payment weighing down your monthly bills.

On the con side of things, however, a car loan can often have a more expensive monthly bill than a vehicle lease. You can pay a larger down payment to reduce that, but that obviously costs more too.

The Pros and Cons of Leasing

A lease agreement means that you're essentially renting a car for a period of several years. You don't own it and you have to return it when the lease runs its course. You also have to follow certain guidelines that are built into your lease. These can include annual mileage caps and general care requirements.

On the plus side, however, leasing tends to come with a lower monthly payment that can make higher-end models more affordable for drivers of more limited means. Leased cars also tend to come with thorough warranties that can help take care of many of the general maintenance issues that tend to crop up with any car.

Speak With Our Finance Center and Learn More

If you'd like to learn more about loans and leases and which might be best for you, consider getting in touch with the finance center at Alderson European Motors in Lubbock, TX. We serve customers in Plainview, TX, Levelland, Wolfforth, Amarillo, and more. We'd be happy to answer any questions you have.


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