Lease vs Buy

Looking to purchase a car that you love, but unsure how best to pay for it? You're not alone in wondering about your options, which is why our team at Beaver Motors has created this guide to help you. When you opt for a new vehicle from our dealership, you'll be able to choose between two payment plans: lease vs. buy. In this guide, we'll review the pros and cons of each options, so you can decide which plan will work best with your lifestyle. Click here for our financing department and get ready to hit the streets of Beaver Springs, Lewistown, Lewisburg, and Harrisburg areas, in your brand-new car!

Buy Your Car

When you choose to purchase your vehicle outright, you'll likely take out a loan in order to afford it. When you do, you'll pay a single down payment, before paying off the full value of the vehicle over the coming few years. 

Benefits:

  • When you buy your vehicle, there's a set end date to your payments. After you pay off the full loan, you own the car, and you'll have one less bill to worry about!
  • You can set the terms of your loan to fit your financial situation. You'll get to choose how much you pay each month, and the length of the term of payments.
  • Because it's yours, you can customize your vehicle however you like, with the paint job and accessories you want. You're also not beholden to any rules, so you can drive the car as far as you like, too.

Cons:

  • Now that you've paid to have ownership of your vehicle, you'll likely keep it for years to come. Although you won't have ongoing payments for it, you still may find that its features become outdated in that time.
  • Your monthly payments will be higher than if you chose to lease the car, because you're paying for its full value. However, you can always resell it when you're ready to get something new.

Lease Your Car

Leasing a car is simply borrowing it for a period of time. You'll pay for the cost of depreciation each month, typically for a set period of three to six months, and when the term is up, you can simply drop the car off at the dealership and walk away.

Benefits:

  • You don't have to own the car forever, and you'll pay a lower amount each month than if you purchased the car.
  • You'll always have a newer vehicle if you continue to lease your cars. When you're finished with one, you can simply lease another with the latest features and technologies. 
  • Maintenance and service for the car may be covered in the terms of your lease, so you can keep the car in good shape without paying for its service appointments.

Cons:

  • You'll have to follow some rules, since your car needs to be returned in good conditions. You'll have a restriction on the number of miles you're permitted to drive the car each month, and you can't cause any undue wear or damage to the car, or you'll incur a penalty.
  • You can't customize the vehicle to your wants and needs, meaning you can't get it painted or add accessories.

Find Your Vehicle

Start your search for a great car by taking a look at our inventory here at Beaver Motors. We'll help you find something that's perfect for your drives around the Beaver Springs, Lewistown, Lewisburg, and Harrisburg areas, and when you're ready, we'll help you discover the right payment plan for you!

Make an Inquiry

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Contact

Beaver Motors

19689 Route 522
Directions PO Box 126
Beaver Springs, PA 17812

  • Sales: (888) 318-5343
  • Service: (888) 864-5187
  • Parts: (866) 755-9671

Hours

  • Monday 9:00am-7:00pm
  • Tuesday 9:00am-7:00pm
  • Wednesday 9:00am-7:00pm
  • Thursday 9:00am-7:00pm
  • Friday 9:00am-7:00pm
  • Saturday 9:00am-1:00pm
  • Sunday Closed