We Make Financing Easy In Lubbock, TX

After you have found a vehicle that is right for you, and after you have taken it around the block for a test drive, your next step is to explore financing options. Here at Alderson European Motors Lubbock, we understand that many drivers get stressed when discussing finances and car payments. That is why we have worked hard to make sure that our financing process is as smooth and efficient as possible.

Not only do we have a team of financing experts available to help you with all of your needs, but we also have a variety of online tools you can use. Whether you prefer to apply for financing online, or you would like to utilize our online payment calculator, you can access these tools at any time on our website. Furthermore, our team is always available to answer your questions and to provide clarity about the financing process.

Buying vs. Leasing: What's the Difference?

Depending on your personal preferences and needs, you can choose either to buy or lease the car you are interested in. Both of these financing options have a variety of benefits; however one may be more applicable to your needs and your finances than the other. So what are the differences between these options? And which one should you choose?

Leasing

Leasing has quickly become popular for drivers who are looking for a short-term investment option. A lot of drivers are not looking to buy a car, but still need one to get around and go about their daily lives. For these drivers, we recommend checking out leasing. When you lease a vehicle, you are essentially renting it for a number of years -- you pay a fixed monthly price for the course of your lease. This price is often lower per month than what you may pay when you buy a car. That's because your lease price is based on how much the car will depreciate while you have it, while buying a car is based on its sticker price.

However, leasing also comes with some restrictions. Since you do not own the vehicle, you have to keep the vehicle in good condition. You also will have to abide by mileage parameters. If you exceed your miles, you will have to pay a fee (usually a few pennies per mile).

Buying

Buying a car is still the predominant way drivers invest in vehicles. Doing so comes with a variety of benefits, the most obvious of which is that you will own the car you buy. Because of that, you won't have to abide by mileage parameters, and you will have complete control over how often you drive, where you go, and what condition your car is in.

However, as was mentioned before, buying a vehicle often results in larger monthly payments. That is because your monthly payment is derived from a few different factors -- the total loan amount, your APR, your down payment, and your loan's term. Furthermore, owning a vehicle is a long-term investment. Because of that, drivers who don't want to drive the same car for a number of years may not be interested in buying.

Ready To Learn More?

If you would like to learn more about our selection of vehicles, or if you have any questions about financing, stop by today! Our team at Alderson Europe Motors Lubbock, located in Lubbock, TX. Our team would be proud to help answer any questions you may have.

We look forward to assisting you with all of your vehicle-related needs.



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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
  1. Alderson European Motors Lubbock

    1702 Texas Avenue
    Lubbock, TX 79401

    • Sales: (806) 763-8041
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