Buy or Lease? Cash or Finance? Lots of Moving Parts!

Buying a car can be complicated as there are a lot of “moving parts” – right? You may plan to purchase a vehicle from an individual seller or you may plan to visit traditional auto dealerships.

You may have a trade-in. Or maybe not. You may want to buy a car with cash. Or you may plan to finance. 

Maybe you don’t know the real differences between a purchase or a lease or the benefits each option offers. 

Dealerships offer products such as:

  • Service Contracts, some would call this a warranty however in most cases the coverage is through a third party and not the manufacture
  • Road Hazard Tire and Wheel, today it is very costly to replace a tire or wheel(rim) from an unavoidable road hazard. Some of these benefits cover windshields and paintless dent repair.
  • Pre-paid maintenance, the cost of maintaining cars today has gone up quickly and many manufactures and major dealer groups have pooled fund to offer the customer the chance to buy the maintenance upfront at a reduced cost. This is something that is worth the thought if the product is priced competitively.
  • GAP or Total loss Waiver, pays off your loan or lease it the vehicle is totaled(certain limits apply)
  • Lease Excess Wear & Tear, life happens right and this will cover the minor damage that may occur while you have the vehicle during the lease.
  • Protective coating to the exterior and interior, it is the written warranty that makes this type of product attractive.

But perhaps you have never really understood the benefits of such products so you’ve never considered them.

See what I mean? There is a lot to consider.

This is where I come in. I can answer your questions in a no-stress environment so you can make the best decision for your situation.