Leasing vs. Buying
These days, there are more cars on the road than ever before. When the time comes to upgrade your vehicle, you not only have plenty of makes and models to choose from—you have financial variety, too. Passport Automotive Group is proud to carry a wide range of quality vehicles, both new and pre-owned, with the option of leasing or buying.
What does that mean for you? Whether you’re in Washington D.C., Virginia, or Maryland, our showroom keeps the good times coming without breaking the bank.
When you’re looking for a deal that gives you a new or certified pre-owned (CPO) vehicle without substantial upfront commitment, leasing may work best for you. Whereas buying a vehicle generally requires a larger down payment with a longer series of payments, leasing lowers the cost of top-notch vehicles to bring luxury brands like BMW and INFINITI to your budget.
Typically, lease agreements range between two to four years. Because of this, the month-to-month cost is noticeably lower than buying the vehicle. Although there are mileage restrictions—averaging around 15,000 miles per year—lessees can purchase their vehicle when the lease agreement ends and swap the leased car for another model.
Whereas leasing a vehicle may be used for short-term planning, buying a car is yours to keep. There are no mileage restrictions or extra costs for normal wear and tear, which cuts out some extra costs for those looking to drive with finances in mind. You’re in complete control when you buy.
Throughout the course of vehicle ownership, you can sell or trade in the vehicle at any time. The car is yours, and you have the flexibility to do with the car as you please. This includes installing aftermarket parts and customizing the vehicle. But, with this customization comes a heftier price tag if you’re buying new, which typically requires a larger down payment and higher monthly payments.
Both leasing and buying offer enticing advantages in the short- and long-term. As you shop for a deal on a new, used, or certified pre-owned (CPO) vehicle, chat with our finance experts to learn more about whether leasing or buying makes the most sense for your budget.
We’ll walk you through the specifics of every option to consider your wants and needs for a vehicle. No matter what, our team works to create a leasing or financing deal that keeps you happy for years to come. We make it easy to start the process—and we invite you to chat with any of our finance experts to learn more about leasing or buying.
Do you like the flexibility that leasing provides, or do you prefer the freedom of owning a vehicle from Passport Automotive Group? Whichever option you prefer, you have plenty of options with leasing or buying.
We’re happy to help narrow your search for the right deal around Washington D.C., Virginia, and Maryland. Schedule a time to chat with our finance experts to learn more.