Chevy Leases vs. Financing

Before purchasing a vehicle at our dealership, one important decision is whether to get auto financing or a Chevy lease. Depending on your financial situation and how you plan to drive your vehicle, either option may be beneficial. The Lester Glenn Chevrolet of Freehold team can help you decide which option fits your needs. Here are some of the benefits of each path.

Vehicle Leasing

Leasing lets you drive a vehicle without fully owning it. A lease typically has a lower monthly payment than a financing plan, so you can better fit a vehicle into your budget. However, you need to stick within your annual mileage limits and keep the vehicle in good condition, or else you’ll pay a penalty.

But what happens when your lease period ends? You have multiple options for your new Chevrolet model when your terms are up. You can lease another vehicle, buy your leased vehicle from us, or simply turn it in. So whether you want to keep up with newer models or just aren’t entirely sure if you want to buy, leasing is a great option.

Vehicle Financing

Financing is the traditional option for drivers who want to buy a vehicle from our dealership. You aren’t restricted in terms of annual mileage, and you get to keep the vehicle for as many years as you want. However, this comes at the cost of higher monthly payments since you’re paying the full value of the model.

Which Is Better?

When you compare financing and leasing options at our Freehold, NJ, Chevrolet dealership, we can help you figure out what makes more sense for you. In general, drivers who aren’t driving that often or who want to save money on their monthly payments will prefer leasing a vehicle. But if you need unrestricted mileage or want more freedom with how you drive, financing is better for you.

Compare Chevy Lease Options in Freehold, NJ

Our dealership can help you compare Chevy lease or financing options on a specific model. Contact Lester Glenn Chevrolet of Freehold today to talk with our financial experts. We also have several Chevrolet specials on offer, so make sure you ask about how you can save with us.