You know you’ll soon be bringing home a new vehicle from Jaguar Newport Beach, but you may be unsure whether leasing or financing will benefit you more. So, should you lease or finance your next Jaguar sports sedan or SUV? Either method is a great way to get the perfect vehicle for your Irvine drives, but your unique needs will determine which of the two is better for you. Explore the differences between leasing vs. buying with this guide from the finance team at Jaguar Newport Beach.
The Bottom Line: Most drivers in Costa Mesa keep their vehicles for an average of three years. Then, they’ll move on to a car with the latest features. If this sounds like you, leasing can be a good option that keeps you from having to constantly buy and sell your cars. However, if you see your vehicle as a long-term investment, buying is better.
The Bottom Line: If all you’re using your vehicle for is short commutes around the Huntington Beach area, the restrictions that come with leasing won’t be an issue. However, if you enjoy weekend trips or road trips, financing may be better.
The Bottom Line: If you enjoy the idea of customizing your vehicle or engaging in activities like off-roading that might be rough on it, leasing may create obstacles for you.
The Bottom Line: The simplicity of leasing makes this method a major draw for some drivers, but if you’re comfortable with maintaining and reselling a vehicle, it’s not a bad idea to buy.
If you’re still unsure whether you should buy or lease after reading this article, don’t hesitate to contact us; we’ll be happy to help. You can also check our car buying guide for more info about lease buyouts, trading in a financed car, and more.
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