Monthly Payments
Leasing
One of the most attractive aspects of leasing is a lower monthly payment. Unlike financing a vehicle with a car loan, when you make your monthly lease payment, your payment is not going toward the principal of the loan. You are paying the difference between the value of your car and its expected value once the lease contract ends. There are finance options as well, but often the monthly payment will be lower. Sometimes you may have potential tax benefits when you lease.
Buying
One benefit of buying a car is that it can be less expensive in the long term. With proper maintenance, your vehicle will last long after you pay off your loan and provide extra value to you.Vehicle Wear Over Time & Mileage Factors
Vehicle Wear Over Time & Mileage Factors
Leasing
There are mileage limitations to consider when leasing, including fees for going over mileage allowance in your leasing contract. You can also be responsible for any wear or tear on your vehicle when it's time to return your vehicle.
Buying
There aren't any mileage limitations when you own your vehicle, and you won't be penalized for the wear and tear that vehicles commonly receive while on the road. You will want to make sure your vehicle receives recommended routine maintenance, however, hopefully at the Advantage Chevrolet of Bridgeview service department.
Additional Costs & Fees
Leasing
Terminating a lease early can lead to incurring additional fees. This is exacerbated if your reason for getting out of the lease agreement is the inability to make the payments. You are responsible for tire and other parts replacements at that time, as well.
Buying
Your payments can be lower when buying a new vehicle, and there are no penalty fees for switching to a less expensive vehicle. Finance agreements do not penalize the buyer for trading your car in before the loan is satisfied.
Choose Advantage Chevrolet of Bridgeview To Lease Or Finance Your Vehicle
You can depend on our finance team whether you choose to buy or lease. We can also help you decide which option works best for your situation. Visit our showroom at 8200 S HARLEM AVE in Bridgeview, Illinois or give us a call at 708-734-2292 to learn more.
