Buying vs Leasing

Buying vs. Leasing
a New Vehicle From Serra of Traverse City

If you're in the market for a new vehicle, chances are you've thought about whether you should buy or lease. Depending on your wants, needs, budget, and driving habits, one option may be better for you than the other, so it's important for you to weight the pros and cons of buying a vehicle vs. leasing a vehicle for your specific needs. Below you'll find some common buying vs. leasing facts to help you evaluate whether you should buy or lease your next vehicle from Serra Traverse City. Whether you're thinking about buying or leasing your next Subaru, Toyota, Nissan, VW, Audi, Cadillac, or Volvo, don't forget that our team of vehicle professionals is here to help you throughout this process.

Weighing Your Options - Should You Buy or Lease?

Many times guests will visit our Serra dealership with the full intention of purchasing a vehicle, without ever having considered the benefit leasing may provide. In certain situations, you can save money by leasing a vehicle rather than buying it, which is why we encourage our customers to compare their options before making a final decision. Leasing can often times save you money with a lower monthly payment since you're only paying for a portion of the vehicle's cost the period of time you own the vehicle. However, if you don't think your driving habits will allow you to remain below the number of miles allotted during your lease, then buying may be a better option for you.

 BUYING a Vehicle LEASING a Vehicle
  •  Higher monthly payment
  •  Lower monthly payment
  •  Drive only 1 vehicle over 60 months
  •  Drive 2.5 vehicles over 60 months
  •  60 month payment period
  •  36 month lease
  •  Zero $ Down
  •  Zero $ down
  •  3.99% financing
  •  15,000 mile allowance per year
  •  Oil & filter changes every 3,000 miles
  •  Minimal routine maintenance
  •  30,000 mile maintenance
  •  Up front dues - 1 month payment & taxes on incentives
  •  50,000 mile maintenance
  •  $2,000 cash or trade
  •  Replace tires every 40,000 miles
  •  Break service every 60,000 miles

Aside from these two points, there are many factors to consider when it comes to making a decision about buying or leasing your next Subaru, Toyota, Nissan, VW, Audi, Cadillac, or Volvo. If you have any questions at all about which option is best for you, please don't hesitate to reach out to our knowledgeable vehicle professionals at (231) 947-9000 or stop by our North Campus at 1301 S Garfield Ave, Traverse City, MI 49686 or our South Campus at 1747 S Garfield Ave, Traverse City, MI 49686. We're here to help you make an informed decision.