Buick Financing 101: Lease vs. Finance
The Buick financing process may seem confusing to some drivers, but it's easier than you may think. One challenge is choosing between leasing a vehicle or buying it outright with financing. Both options have merit in certain situations, but it can be difficult to determine which is best for you. To help you figure this out, here are some pointers:
Leasing
Your first option is to lease a Buick or GMC vehicle. Leasing is a great way for drivers to drive the car they want without breaking the bank, as vehicles that may otherwise be out of the price range are much more affordable when leased. Plus, after your lease term is over, you get to trade your vehicle in for the brand-new model of your choice.
By leasing you're allowed to drive the vehicle, but not customize it or make it truly your own. At the end of the leasing period, you must return it to us and either sign a new lease, buy it outright, or walk away. If you're looking to assume less financial risk in this transaction, leasing is the option for you.
Financing
On the other hand, financing your vehicle paves the way for a long-term commitment. By choosing this option, you're ready and willing to assume the financial risk of a loan and are prepared for the slightly higher monthly payments than if you were to lease the same vehicle.
Financing a vehicle has a more involved application process, as the lender must ensure that you can pay off the loan before providing one. Take your time and assemble every possible document or piece of paperwork before applying to give yourself an advantage, and our finance pros will do the rest.
Plus, when you finance to own your vehicle, you can customize it as you see fit, so be sure to really make the vehicle your own!
After considering which option works best for you, it's time to get behind the wheel. Make your way down to Nick Abraham Buick GMC today to check out the selection of vehicles available for leasing or financing.
Leasing
Your first option is to lease a Buick or GMC vehicle. Leasing is a great way for drivers to drive the car they want without breaking the bank, as vehicles that may otherwise be out of the price range are much more affordable when leased. Plus, after your lease term is over, you get to trade your vehicle in for the brand-new model of your choice.
By leasing you're allowed to drive the vehicle, but not customize it or make it truly your own. At the end of the leasing period, you must return it to us and either sign a new lease, buy it outright, or walk away. If you're looking to assume less financial risk in this transaction, leasing is the option for you.
Financing
On the other hand, financing your vehicle paves the way for a long-term commitment. By choosing this option, you're ready and willing to assume the financial risk of a loan and are prepared for the slightly higher monthly payments than if you were to lease the same vehicle.
Financing a vehicle has a more involved application process, as the lender must ensure that you can pay off the loan before providing one. Take your time and assemble every possible document or piece of paperwork before applying to give yourself an advantage, and our finance pros will do the rest.
Plus, when you finance to own your vehicle, you can customize it as you see fit, so be sure to really make the vehicle your own!
After considering which option works best for you, it's time to get behind the wheel. Make your way down to Nick Abraham Buick GMC today to check out the selection of vehicles available for leasing or financing.
