Should I Buy Or Lease My Cadillac?

Is it better to lease or buy your new car? While some people may prefer buying their car versus leasing it, don’t worry too much because there are a plethora of advantages to each decision you may make and luckily for you, our C. Harper Cadillac dealer near Bethel Park is here to help you determine which option better suits you.

Financing a new Cadillac model will typically have you seeking and paying off a loan by making higher monthly payments than that of a lease. So, you might be wondering, why would I want to pay more per month when I could just lease a vehicle and get a new one in a few years? Well, to simplify things, with car-buying, you’re doing just that – buying a car. Sure, you’re paying more monthly but these payments are going towards buying and paying off your vehicle so once it’s paid off, it’s all yours.

Unlike a lease, you’ll never have to return your vehicle to the dealer once it’s finally paid off and once it’s officially yours, you can elect to keep it for as long as you desire or you could elect to resell it and use that money towards your next car.

Buying Pros

• You’ll likely save money over the long term if you buy your vehicle.
• There’s no excess mileage penalty.
• You have more flexibility with selling your vehicle whenever you’d like.
• You can modify your vehicle with new paint colors or aftermarket parts.

There’s also an extensive list of advantages with leasing a new Cadillac vehicle, with the primary reason being a lower monthly and a low or no down payment whatsoever.

Leasing Pros

• You can get behind-the-wheel of a more expensive/nicer model for less money.
• You’ll have lower monthly payments as opposed to buying.
• You’ll likely be under warranty, meaning you’ll pay lower repair rates.
• You can transition between new vehicles every two or three years.
• You should pay less in sales tax.

If you have any further questions about buying or leasing your next vehicle or you’d like to test drive one of our Cadillac models, please don’t hesitate to contact us at our C. Harper Cadillac dealer serving Bethel Park.