Buying vs Leasing
To Buy or Lease From Ray Chevrolet:
Let Our Finance and Leasing Experts Help You Decide in Abbeville, LA
Choosing a new Chevy model is a smart decision, but from there, you'll have two paths to take: buying or leasing. Our Abbeville, LA Chevy dealer is the place to choose which new car, truck, or SUV you'll want to buy or lease, with our experts ready to learn about your budget, preferences, and other factors, all with an aim to help you make the best decision. Let's look at the advantages that come from both leasing and buying your next new Chevy. Or, if you already know what makes more sense for you, get going with our easy online prequalification process right now.
Lease or Buy Comparison
Overview
Lease
Leasing a new Chevy is a great way to go if you plan on switching things up every few years. You'll typically pay less up front and monthly compared to buying the same model and edition and we'll arrange a lease term that sets caps for mileage and usage. At the end of your lease term, you'll have plenty of options for updating to a new edition of the same model, a different vehicle, or go in an entirely different direction.
Buy
While buying – likely with the aid of a new car loan from a trusted lender – may put you on the hook for more money down and higher monthly payments, it's a great way to enjoy the utmost freedom with any Chevy Silverado 1500, Tahoe, or Malibu. Our finance team can arrange an auto loan structure that works for any budget, and you can customize or sell your vehicle at your pleasure. Eventually, you'll pay off your loan and own your Chevy completely, with service and upkeep as your only future expenditures.
Ownership
Lease
You won't fully own the new Chevy you lease, but with the typical two- or three-year term, you'll have easy options for upgrading to a new edition or a different model without being locked in long-term.
Buy
After paying off your Chevy – or even during the term of your loan, with some financial considerations to make – you'll own it completely, giving you the freedom to sell or trade it in whenever you please.
Payments
Lease
Leasing essentially means you pay for a vehicle's depreciation. Even when factoring in applicable sales taxes and fees, you're still going to pay less than the typical purchase price for the same Chevy model and edition. These savings help you fit a higher trim level with more features into your budget.
Buy
When structuring your deal and arranging the term of your auto loan, we'll provide a clear schedule of when payments will be made, what you owe monthly, and what your financing term is like. You'll have flexibility to pay however much you're comfortable with monthly, with factors like your down payment, trade-in value, and more taken into consideration.
Mileage
Lease
We'll factor in how much you typically drive when arranging your next new Chevy lease deal in Abbeville. If you go over your annual mileage limit, you'll pay overage fees at the time of your lease return.
Buy
When buying, you're free to tack on as many miles as you please, without needing to keep an annual cap on usage.
Wear and Use
Lease
Along with mileage overage fees, there are also wear and tear expenses with a leased Chevy model. During the lease return process, our service team will look over cracks, scratches, dents, tears, stains, and other types of wear and tear and determine any excesses that you'll owe when you return your vehicle.
Buy
Though wear and tear impacts the eventual resale value of your Chevy, you don't have to take special consideration for the damage a vehicle typically incurs over time.
Flexibility
Lease
At the end of your lease, you'll have several options. Return it and start a new lease term in an updated version of the same vehicle or you can choose a different Chevy model to lease. You can also buy out your leased Chevy at a predetermined price, which we factor by using your expected mileage and the depreciation rate of your model. You can also return your lease, pay off any overage fees, and go in an entirely different direction around Abbeville.
Buy
Owning a vehicle, even if it takes a few years to pay off its loan, is a great way to enjoy the utmost level of flexibility. You'll have the freedom to sell or trade it in whenever you please, and you can customize your car, truck, or SUV without violating any lease terms.
Additional Chevy Leasing Benefits
While financing and buying your Chevy for eventual total ownership is pretty straightforward, there are additional benefits to consider when leasing a new model from our Abbeville dealership:
- No negative equity at the end of your lease term
- Lower monthly payments
- Shorter terms
- Guaranteed lease-end options
- Available high-mileage allowances
- Taxes and dealer fees factored into your lease structure
Special Offers
Take Your Next Steps Toward Buying or Leasing at Ray Chevrolet in Abbeville
Still unsure whether to buy or lease? At Ray Chevrolet, our team is ready to go over your options, answer your questions, and find the right path for you to take. Contact us today or simply visit us at 716 W Summers Dr, Abbeville, LA to get started.
How Can We Help?
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Ray Chevrolet
716 W SUMMERS DR
ABBEVILLE, LA 70510
- Sales: (337) 422-4481
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