clients et vendeur d'automobile expert en crédit chez l'ami auto credit au safuenay
clients et vendeur d'automobile expert en crédit chez l'ami auto credit au safuenay

New Car: Why Buy Rather Than Lease?

Ah, that famous dilemma between buying and leasing! When you’re looking to buy a new car, you can quickly get confused. Some people will tell you that leasing is better, others prefer buying better.

Although leasing has some advantages, buying with financing is often a better option. We’ll tell you why!

Less Expensive in the Long Run

The argument of those who prefer leasing is that it costs less. And this is often true: the monthly payments when leasing are generally lower.

However, you have to think of it as buying or renting an apartment. Even if the mortgage is more expensive, you will eventually pay it off and be free of such payment. Moreover, you can resell what you own: your money is not lost!

When you lease to an owner (or in this case, a dealer), you are giving them money, but you are not adding to your estate. Obviously, with time, a car loses value, but if you plan to keep it for the long term, buying it is a better option.

Consequently, the choice depends on how long you want to keep your vehicle.

More Freedom

Buying a car means having the freedom to:

  • Drive without mileage limit
  • Modify it
  • Sell or exchange it without penalty
  • Not pay wear and tear fees
  • Leave the province easily

It’s true that leasing allows you to change vehicles more regularly, but that’s not much freedom compared to buying!

Unfortunately, some people prefer to lease because they don’t have the required funds or fear that they won’t get a car loan. When you have a lower credit rating, how do you finance the purchase of a vehicle?

The answer is simple: with L’Ami Auto Crédit, in Chicoutimi, La Malbaie, Baie-Comeau, Alma and Sept-Îles, there is a financing solution for everyone.

cta blog learn more about financing a car with l'ami auto credit
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