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Leasing and Financing Benefits in Homosassa, FL

Buying Vs Leasing - What's the difference

Ownership

Buying

You own the vehicle and can maintain ownership for as long as you'd like.

Leasing

You use the vehicle during your lease term, and at the end of the lease choose to return it, renew your lease contract, or purchase the vehicle outright.


Monthly Payments

Buying

You pay the purchase price on your arranged terms over a particular loan term plus interest, taxes, and associated fees.

Leasing

You pay for the vehicle's anticipated depreciation during the term of your lease plus any interest, taxes, and associated fees.


Upfront Costs

Buying

Most consumers pay 10-20% in down payment costs plus taxes, registration, and associated fees.

Leasing

You typically pay a much smaller down payment, in some cases $0, your first months payment, a refundable security deposit, an acquisition fee, taxes, registration, and any other associated dealer fees.


Early Termination

Buying

You have the freedom to sell or trade in your vehicle at any time.

Leasing

You could be subject to penalties for early termination, but in some cases programs are available to help waive your remaining payments when you upgrade to a new model.


Mileage

Buying

There are no restrictions on mileage, although it may impact your trade or resale value.

Leasing

Lease terms indicate milage limits, usually ranging from 10,000-15,000 average miles per year. You may pay an additional fee for overages.


Customization

Buying

You can make any modifications you wish during ownership. However, some modifications may void your warranty.

Leasing

You must remove any customized modifications to the vehicle prior to returning your leased vehicle.