When Buying Is Better Than Leasing a Vehicle

March 10th, 2014 by

buy a car Perhaps you’ve heard others talk about how great leasing a vehicle is and for some people it’s the perfect choice but for others, it may not be the best option.

Before you make a decision to buy or lease, it’s a good idea to talk to the dealer about your specific needs. If you’re not sure which option is right for you, he can help you make that decision based on your special needs. In the meantime, below are some things to consider that would indicate it would be better for you to buy your new vehicle instead of leasing one.

You Do a Lot of Driving

If you spend a lot of time on the road, then buying is better than leasing a vehicle. Keep a record of how much you drive on a weekly basis. Even if you don’t take long trips, the miles can add up when you drive to and from work, run errands, shop, take kids to school and participate in other activities. You might be so use to your routine that you don’t realize just how many miles you do travel each day or every week. Due to the limited mileage set forth in your leasing agreement and the excessive wear and tear it can put on the vehicle, if you do a lot of driving buying would be the better option.

When You’re Looking for a Long-Term Vehicle

When you lease a vehicle, it’s for a limited time and at the end of the lease, you’ll return it to the Toyota dealership in Miami you choose to use. While you may have the option of buying it at this time, it would be a better investment for you to buy upfront if this is something you know you’ll want to do. When you buy a Toyota, you’re making an investment and you know that when your payments end, you own the vehicle until you decide to sale it or trade it in on another. Therefore, if you’re looking for a long-term option, buying is better than leasing a vehicle.

If You Have Multiple Drivers

If it’s just you or you and your spouse driving the vehicle, then leasing can be a good choice especially if neither of you do a lot of driving but leasing has more restrictions. Therefore, when you share a vehicle with two or more people, buying would be the better option. When several people drive the same vehicle, the mileage and wear and tear add up faster than you might think. This is especially true if you have a teenager planning to borrow the car. In fact, your lease may not even allow you to let anyone under a certain age drive the vehicle but when you buy, the only thing that matters is whether they’re covered on your insurance plan.

Take some time to think about how you plan to use your vehicle, how much you drive and who, if anyone else will be driving it. This type of information can help you decide if buying a vehicle is better than leasing for you. Contact us if you have questions about your leasing options.

 

Posted in Car Buying