Our knowledgeable finance center team at Gateway Cadillac is here to help you understand the differences between these options and determine which one best fits your needs.
Leasing a Vehicle
When you lease a vehicle, you are essentially renting it for a set period of time, typically two or three years. Some of the key benefits of leasing include:
- Lower monthly payments
- The ability to drive a new vehicle every few years
- No long-term commitment or need to worry about vehicle resale
Leasing is a great option if you prefer to drive newer vehicles, want lower monthly payments, and don't mind not owning the vehicle outright.
Financing a Vehicle Purchase
If you prefer to own your vehicle, financing a purchase with an auto loan may be the right choice for you. The benefits of financing include:
- Full ownership of the vehicle once the loan is paid off
- No mileage restrictions
- Ability to customize the vehicle as you wish
- Option to sell or trade in the vehicle at any time
Financing is a smart choice for drivers who want to eventually own their vehicle outright and don't mind a longer commitment.
Contact Our Finance Center
Our friendly finance experts are happy to review your options in more detail and help you make an informed decision. Contact Gateway Cadillac today to discuss your vehicle financing options.
