Should I Buy or Lease?

If you’re a Waxhaw driver asking yourself, “Should I Buy or Lease?” After meeting with our talented finance team at Hendrick Chevrolet Monroe, it will hopefully lead you to a decision for your new vehicle! As you compare the benefits of lease vs. buying, there are pros and cons you’ll notice in either option. Read our guide below to help answer your question, “Should I buy or lease?” Then visit us at Hendrick Chevrolet Monroe!

Lease vs. Buying: Buying Benefits

  • No Mileage Restrictions: If you tend to commute to long distances like Weddington, not having any mileage restrictions is better. Leasing limits the mileage on a vehicle.
  • Total Ownership: You’re able to modify and do as you please if you buy your vehicle without restrictions.
  • Customization: After you purchase your vehicle, feel free to transform your car into your dream vehicle with customization changes.
  • Ability to Sell: Without a lease agreement, you have the ability to sell your car whenever.
  • Financing Options: For some shoppers, the wide variety of auto loan options is preferable, including long-term and short-term payoff plans with higher or lower monthly payments. Additionally, you could potentially refinance in the future and save money. Be sure to check out the insurance and financing information before proceeding.
  • Less Cost Over Time: As you work to pay off your loan, the ownership of your car becomes less expensive even though the initial purchase may be a bit more expensive.

Lease vs. Buying: Leasing Benefits

  • Lower Payments: When you lease, down payments and monthly payments are less expensive. If you have bad credit, taking on a lower monthly lease payment could help you build your credit and work toward financing to own in the future if that is your ultimate goal.
  • Less Sales Tax: In many states, if you lease a car the sales tax is drastically lower. Some states only require drivers to pay taxes on the monthly payments and down payment.
  • Trade-Ins: After the lease agreement is up, driving off the lot in a new leased vehicle is much faster than trading in a purchased vehicle. Come into Hendrick Chevrolet Monroe, pay any outstanding fees, then take home a new leased vehicle!
  • Great Coverage: Your lease warranty covers any repairs or service maintenance you may need on the vehicle at little to no cost; just make sure to stay within the mileage restrictions.
  • Options: Since you’re leasing, the opportunities to try new models while experiencing the latest technology in the market and much more are just some perks to look forward to.

Learn More About Financing with Hendrick Chevrolet Monroe!

Now that you know more benefits of leasing and buying, we hope you’re able to better answer your question of, “Should I buy or lease?” If you do have any lingering questions, please do not hesitate to contact us at Hendrick Chevrolet Monroe near Matthews today!

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Hendrick Vehicle Disclaimer:

$699.00 Dealer Administrative Fee not included in advertised price.

All prices exclude all taxes, tag, title, registration fees and government fees. Out of state buyers are responsible for all taxes and government fees and title/registration fees in the state where the vehicle will be registered. All prices include all manufacturer to dealer incentives, which the dealer retains unless otherwise specifically provided. Dealer not responsible for errors and omissions; all offers subject to change without notice; please confirm listings with dealer.

All vehicles may not be physically located at this dealership but may be available for delivery through this location. Transportation charges may apply. Please contact the dealership for more specific information. All vehicles are subject to prior sale.

GM vehicles only. Plus tax and service charge. Restrictions may apply. Must present coupon at time of service write-up. May not be combined with other coupons or discounts. May not be used on previous purchases. See dealer for details.

Eligible Tire Brands: BFGoodrich, Bridgestone, Continental, Dunlop, Firestone, General, Goodyear, Hankook, Kelly, Michelin, Pirelli, and Uniroyal. Eligible Tire Brands are Bridgestone, Continental, Goodyear, Hankook, and Pirelli. Eligible brands are GM Genuine Parts ($20 rebate per brake pad set), ACDelco Gold ($15 per pad set) or ACDelco Silver ($10 rebate per brake pad set). Eligible Tire Brands are BFGoodrich and Dunlop. Eligible Tire Brands are Firestone, General, and Michelin. Eligible brands are GM Genuine Parts ($10 rebate per rotor), ACDelco Gold ($7.50 rebate per rotor) or ACDelco Silver ($5 rebate per rotor). Eligible brands are GM Genuine Parts ($20 rebate per shock), ACDelco Gold ($15 rebate per shock) or ACDelco Silver ($10 rebate per shock). Eligible brands are GM Genuine Parts ($20 rebate per strut), ACDelco Gold ($15 rebate per strut) or ACDelco Silver ($10 rebate per strut).

Help maintain and protect your vehicle's appearance with our full line of detailing services. See advisor for details. Plus tax, if applicable. Not valid with other offers. Present offer at time of service.

*Please contact us for more information.

Well-qualified customers who purchase a new, used, or certified preowned vehicle, 5 model years or newer with less than 72K miles between November 15, 2022 and January 2, 2023 and finance through a participating dealer and lender have an option to defer monthly payments for 90 days from contract date. Finance charges begin to accrue on the date you sign the Retail Installment Sale Contract at the Annual Percentage Rate (APR) disclosed in the contract. May not be combined with other lender financing offers. 72 months maximum term limit. Non-commercial transactions only. Equal monthly payments only. Dealer participation required. Not available to Pennsylvania residents, see your dealer for details. Must take retail delivery by January 2, 2023.

Available toward the purchase or lease of all 2022/2023 Silverado 1500 and Silverado HD pickups, 2022/2023 Blazer, Equinox, Traverse, and Malibu models, and 2022 Colorado pickups. Not available with some other offers. Take new retail delivery by 1/3/2023. Available toward the purchase or lease of all 2022/2023 Silverado 1500 and Silverado HD pickups, 2022/2023 Blazer, Equinox, Traverse, and Malibu models, and 2022 Colorado pickups. Not available with some other offers. Take new retail delivery by 1/3/2023. Max savings for 2023 Silverado LD w/2.7L engine is $3,250; max allowance cash for 2023 Silverado LD without 2.7L engine is $1,750. Not available with special financing, lease and some other offers. Residential restrictions apply. Take new retail delivery by 1/3/23 Available toward the purchase or lease of all 2022/2023 Silverado 1500 and Silverado HD pickups, 2022/2023 Blazer, Equinox, Traverse, and Malibu models, and 2022 Colorado pickups. Not available with some other offers. Take new retail delivery by 1/3/2023. Max savings for 2022 Silverado LD w/2.7L engine is $3,500; max allowance cash for 2022 Silverado LD without 2.7L engine is $2,000. Not available with special financing, lease and some other offers. Residential restrictions apply. Take new retail delivery by 1/3/23

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Hendrick Chevrolet Monroe 35.0239, -80.583.