Should I Buy or Lease a Car?

There are many options available when finding the right car for your Marble Falls commutes. On top of finding the right features and performance, you also need to consider whether buying or leasing is the best option for your budget. At Jim Hoffpauir, Inc., we have all you need to know about new Chevrolet models as well as possible car leasing or financing options. Compare leasing vs. buying below and apply for financing to get started today.

Leasing vs. Buying: Benefits of Leasing

Leasing is a common option among Copperas Cove drivers as it lets them rent their car for years or months. Although leasing doesn’t allow ownership opportunities–such as building equity or the ability to sell the vehicle, leasing means you don’t have to worry about the cost of depreciation over the years or a high sales tax. This also allows for a smaller down payment and lower monthly payments. 

Consider the flexibility of leasing if you’re wondering, “Should I buy or lease a car?” At the end of your lease, you can renew your lease, swap it out for a newer model, end the lease completely, or finance the remaining value to take home the vehicle you’ve been driving. 

Leasing vs. Buying: Benefits of Buying

If you’re considering financing a vehicle, you are essentially taking out a loan on the full value of the vehicle with the intention of owning it. With financing, the equity is greater than the depreciation of the vehicle. That means it is also expected to come with a larger down payment, more sales tax, and bigger monthly payments. 

If you’re considering your flexibility with buying, you have the freedom to sell the car at any time. This allows you to recoup the money you’ve invested into the principal of your loan. While financing does have more upfront costs than leasing, it can be a cost-effective strategy for Llano drivers who are willing to make the commitment. 

Lease or Finance a Car with Jim Hoffpauir, Inc.!

So, should you buy or lease a car? Take a moment to browse our new vehicle specials to find a great deal on the model you love and discuss your financing options with the knowledgeable team in our finance center. At Jim Hoffpauir, Inc., we’re dedicated to taking the worry out of your trips around Llano with a model that fits your style and budget.