Thursday, July 30, 2015

Different Ways To Buy A Car: Leasing, Buying New And Buying Used

Different Ways To Buy A Car: Leasing, Buying New And Buying Used

BAY CITY, Mich. - When it comes to getting a new vehicle it comes down to three different ways to buy a car: leasing, buying new and buying used. What are the pros and cons of each? What works best for you? For your family? It's always difficult for car sellers to give distinct answers, because car buying is in itself a process that all factors on the buyer. It is different for everyone, and everyone has a different idea for what they want in their perfect vehicle.

Let's break it down:
  • Leasing: Leasing a new vehicle enables buyers to get into a brand new car for a much cheaper price, however when the lease ends you are essentially left with nothing (except a higher credit score if you made your payments on time). You are really just renting a new vehicle every 2-3 years, and there are definitely pros and cons. When leasing, you are able to get into a brand new car that you might not have been able to purchase on your own and you get a new car every two to three years. In this aspect you will be kept up to date with the newly available safety, entertainment and driving features that cars have each year. However, in the end you have to give the car back, leaving no ROI. 
  • Buying New: This is indeed the most expensive option, however, it is also the longest term. A new vehicle is often under warranty for several years following purchase, and sometimes you can end up driving the car for over a decade. 
  • Buying Used: Purchasing a used vehicle is the cheapest option, however, it will not be a new car. An older car means older technology, older safety features and older car parts underneath the hood. Used cars usually require more maintenance as well. However, by letting "someone else take the hit" (previous owner) in regards to depreciating value, you could save money, and pay less in insurance as well. 
These are the different ways to buys a car: leasing, buying new and buying used. So, what should you do? You have to ask yourself, "Does the car provide any extra value beyond transporting me from point A to point B?" The answer will depend heavily on what you chose to do in terms of your career, family, income and the amount of time you will spend using your car. For example, if you expect to drive a vehicle for 10 years and then pass it off to your children, then a new car may work. If you are a recent college grad that isn't ready to take the dive and purchase a car, a lease might work better until you get settled. 

If you are looking to inquire more about vehicle purchasing and leasing options, feel free to contact one of our sales consultants and get more information. All of our consultants are friendly and knowledgeable, and will help you choose the best option for you at your local Bridgeport Area Used Car DealerHank Graff Chevy is located at 3636 Wilder Road, Bay City, MI 48706 and we can help you find the perfect vehicle for your weekend getaway! For more information on Hank Graff Chevrolet, or for any questions call us at (989) 684-4411 or visit our website:

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