Buy vs. Lease Your New Vehicle | Greer SC | Near Greenville & Spartanburg SC

Buying vs. Leasing Your New Vehicle

Whether you're trying to decide if purchasing or leasing a new vehicle is the correct choice for you, the finance process involved can sometimes be a bit overwhelming. That's why here at Dick Brooks Honda we aim to make the process run as smoothly as possible for our customers! We will help you weigh each of your available options and assist you in making a knowledgeable decision that best fits your budget and lifestyle. Available for you, we have a variety of financial options to pick from. Plus, we have included this information below to help keep you better informed about your options.

The more you know about the two options available to you, the better you can make a more educated decision that's right for you. Once you have settled on leasing or buying or have any more questions, you're welcome to contact us with any concerns you may have or feel free to explore our inventory to find the vehicle that's perfect for you!

WHY LEASE A VEHICLE?

Freedom of Choice

Two of the leading benefits of leasing a vehicle are freedom and flexibility. You have the freedom to choose to drive a new vehicle every few years and the option to be able to purchase a vehicle, without the difficulty of having to sell or trade the vehicle.

Flexibility

The usual leasing terms range between 24 and 60 months. Your payments become more affordable with shorter terms. Plus, you're able to choose the mileage you want. Lessees are normally given 12,000 or 15,000 miles per year, but if you are in need of a higher mileage limit, you're given the option to purchase more miles at signing.

Lower Payments

Because you're only purchasing the right to drive a vehicle for a limited period of time, your financial responsibility and your monthly payments could be reduced. Also, if you are not prepared to put down a sizable down payment, then leasing may be better for you, as there are leasing options that require $0 down.

Hazard-Free Driving

Because most leases last for two to three years, your vehicle is generally covered with warranty protection for as long as you have it.

True Convenience

When your lease ends, you merely return your vehicle and pay any remaining fees (such as for excess mileage or wear and tear) and taxes. If you've made the decision that you'd like to keep the vehicle at lease-end, you can also take the opportunity to purchase it at a predetermined price. There's no trading in or selling with a vehicle that you lease.

WHY BUY A VEHICLE?

Ownership

Ownership is the best benefit of buying a vehicle instead of deciding to lease. If you are needing to keep your vehicle for an extended time or for as long as possible, then buying is the better option for you. Plus, choosing to buy instead of lease provides you with the option to customize your vehicle to fit your needs.

No Mileage Limitation

When financing your vehicle, you are accountable for the miles you drive and don't have a mileage limitation like you do with leasing. Leasing requires that you calculate beforehand how many miles you will travel each year. Ownership allows you the freedom to drive as much and as far as you desire without accruing fees.

Payment Flexibility

When purchasing a vehicle, you can choose to finance or buy outright with cash. If you buy with cash, you immediately become the owner of the vehicle and don't have to worry about monthly payments or interest rates. If you choose to purchase a vehicle by using a finance program, you have an extended period of time with a loan to pay off the vehicle. For the best outcome when financing, we strongly recommend that you acquire the most affordable, dependable and competitive rates possible, like what we offer here at Dick Brooks Honda.

True Freedom

When you finish your payment schedule, usually in four to six years, you own your vehicle. You can keep driving for as long as you desire without any further payments, or choose to sell or trade at any point in time. Once you own the vehicle, you are no longer making monthly payments, which means you could possibly put those same funds toward your savings.

If you're interested in becoming the proud owner or lessee of a vehicle, contact us directly, or stop by our dealership at 14100 East Wade Hampton Boulevard, Greer, SC 29651 for a test-drive today. We look forward to serving our customers from Greer, SC, and throughout Greenville and Spartanburg, SC!