Buy Vs Lease
BUYING VS. LEASING
To Lease Or Not To Lease
More and more, people are discovering the advantages of leasing compared to buying. From lower monthly payments to having the opportunity to drive a new vehicle every few years, it's easy to understand where this newfound interest is coming from. Many drivers are exploring the possibility of leasing their next car, truck or SUV from Morristown Chevrolet, and the information laid out below may help explain why.
WHAT IS LEASING?
Leasing is a financing option that allows the customer to pay for what they actually use. The payment being made is based on the estimated depreciation of the vehicle and a small cost of borrowing.
BENEFITS OF LEASING
LESS MONEY UP FRONT
A lease typically requires less money up front than traditional auto loans.
PROTECTION FROM POTENTIAL NEGATIVE EQUITY
Avoid the risk of your vehicle's value declining beyond its projected residential value.
VIRTUALLY WORRY-FREE DRIVING EXPERIENCE
Most lease terms are within the factory warranty period. This helps you avoid costly repair bills for the entirety of your lease.
AFFORDABLE PAYMENTS WITH SHORTER TERMS
This means you get more bang for your buck. Go ahead, check out the newer model with enhanced features, it just may be a whole lot more affordable than you initially thought.
PROTECTION FROM UNEXPECTED DEPRECIATION
Avoid problems during trade as a result of:
- Technology Depreciation
- Fuel Price Increase
- Negative Publicity/Major Recalls
- Model Changes
If you'd like to learn more about buying and leasing options at Morristown Chevrolet, stop by and see us at 5320 W Andrew Johnson Hwy, Morristown, TN, 37814. We love helping our customers from the greater Knoxville, TN, area.
Price does not include dealer installed options or cost of optional equipment chosen by the purchaser.