Buying vs. Leasing Your Vehicle Near San Antonio, Texas

2024 GMC Sierra HD

If you’re ready to acquire a new vehicle in the San Antonio or Schertz area, do you know which is better for your budget and your lifestyle when it comes to buying vs. leasing? One option isn’t inherently better than the other, but one will definitely fit the way you live better than the other. Not sure about the differences between buying vs. leasing? We can help! The finance department at Gunn Buick GMC has the information you need about how to lease a car near Cibolo, and how to buy a car near San Antonio, TX. Find out reason to buy or lease at Gunn Buick GMC in Selma!

 

Why Buy or Lease at Gunn Buick GMC in Selma

So, should you buy or lease a car? Leasing a car is similar to renting a car for a long-term contract period. During this contract, you’ll be locked into monthly payments for a specific amount of time. You won’t build equity as you would from outright buying the vehicle. You’ll be paying for the ability to use a car for a specific set of months and the mileage agreed upon between you and the dealership. When the car lease is up, you can trade your vehicle in and replace one leased vehicle with a new one, buy the vehicle, or end your lease.

Pros and Cons of Leasing a Car, Truck, or SUV

Pros of Leasing Your Schertz Vehicle

  • Lower Monthly Payments: You’ll have smaller down payments in general when you decide to lease a car in Selma.
  • Worry-Free Maintenance: Many vehicles will come with a three-year lease. As a result, most repairs will be covered within the terms of an existing lease.
  • No Worries About Resale: When you’re leasing, you’ll just return the car. If you do exceed the agreed mileage, or there’s some wear and tear, you might have some fees to pay.
  • Get a New Car Every Few Years: You can return your car every couple of years, so you’ll get the latest vehicles and newest tech every so often.

Cons of Leasing Near Cibolo

  • Mileage Requirements: If you exceed the agreed-upon mileage, you’ll end up paying some fees.
  • Constant Monthly Payments: You will have to maintain those monthly payments to keep your car and that’s going to be a constant during the time of the lease.

Pros and Cons of Buying a Car, SUV, or Truck in San Antonio

Pros:

  • Ownership: You will always buy the car and once you finish your monthly payments, you will own the car outright. If you want to sell it off or trade it in, you have the ability to do so.
  • Customize Your Vehicles: Leases have rules regarding what can be done with your Buick, GMC vehicle in Selma. When you own the car, you won’t have to deal with that.
  • No Restrictions: Never worry about mileage rules, wear and tear, and other issues. Repairs and other services are entirely at your discretion.

Cons:

  • Higher Monthly Payments: Leasing a car means lower monthly payments for the same vehicle you might consider buying.
  • Rapid Depreciation: New cars can lose between 15% and 50% of their total value in the first five years.
  • Larger Down Payment: If you’re trying to get approved for a loan, you’ll have to consider making a larger down payment to do so. Leasing your vehicle will mean less chance of this occurring. 

Buying or Lease Your New Truck at Gunn Buick GMC

No matter what you choose when given the options of buying vs. leasing, you’ll get a deal that’s just right for you when you shop with Gunn Buick GMC. Apply for financing with us for an excellent loan rate for either option, then shop our new vehicle specials for even more savings. Buy or lease, your budget is going to be glad you shopped with Gunn Buick GMC!

Get Directions

16440 Interstate 35 N, Selma, TX, 78154
Gunn Buick GMC 29.58823, -98.29771.