Buy vs Lease near Mahopac, NY
When it comes to driving off the lot of Mount Kisco Chevrolet in your next set of wheels, you’ll inevitably end up having to choose between financing and leasing. While neither is a wrong choice, some individuals stand to gain from one option over the other, so we’d like to take some time to cover the basics of each type of agreement.
Buying
If you want to eventually end up as the owner of the ride you find on our lot, buying is certainly the way to go. When you take this path, you’ll work directly with our Finance Department to develop a repayment plan that doesn’t set you back. While contracts can be lengthy, sometimes lasting up to seven years, you will get to keep your car when you reach the conclusion of your terms, which makes this a better long-term investment overall. However, you will be on the hook for any interest accrued by the loan you take out, so you’ll end up paying more than the sticker price.
Leasing
On the other side of the spectrum is leasing. Our clients like this avenue for its cheaper month-to-month price and flexibility. The reason why it’s more affordable is because you won’t be contributing towards the asking price of your set of wheels. Instead, you’ll just have to cover the expected depreciation since you won’t eventually be the owner of the vehicle in question. Plus, since these contracts last an average of three years, you’ll be able to swap out your auto far more frequently and will get to avoid the stress of taking care of an aging ride. For more details about leasing, contact our team .
Which Path is Right for Me?
Now that you know a bit more about the advantages of both, it’s time to actually decide which path to pursue. Of course, like we mentioned before, buying is the way to go if you know for certain that you want to become a car owner. However, this gives you the option of selling in the future, which will recuperate some of the costs. Leasing is definitely the clear choice if you like versatility. When you reach the end, you’ll get to choose between returning the borrowed vehicle, leasing it again, or finding a completely different model with us. You can even roll the agreement into a financing contract if you decide you want to keep your chosen car, truck, or SUV, for the long haul.
If you need any more help regarding buy vs lease near Mahopac, NY, talk to the Finance Department at Mount Kisco Chevrolet when you can. We’re located at
175 N. Bedford Rd., Mount Kisco, NY 10549
.
Sales Hours
| Monday | 9:00AM - 7:00PM |
| Tuesday | 9:00AM - 7:00PM |
| Wednesday | 9:00AM - 7:00PM |
| Thursday | 9:00AM - 7:00PM |
| Friday | 9:00AM - 6:00PM |
| Saturday | 9:00AM - 5:00PM |
| Sunday | Closed |