Should You Buy or Lease Your Next Genesis?

When it comes to Genesis vehicles, drivers around Apex and Cary are getting one of the top values in the luxury world. However, should you buy or lease your next Genesis vehicle? To help you decide, Genesis of Raleigh offers this helpful pro and cons list of both buying or leasing your next Genesis.

Pros of Buying With buying, you will have eventual ownership of the vehicle. That means you can alter the vehicle as you please, and you will be able to trade-in or resell the vehicle. Buying also allows you to put as many miles as you want on your vehicle. Another pro of buying is that vehicle ownership generally has a lower insurance cost versus leasing around Durham. Cons of Buying When you buy your vehicle, you are paying higher monthly rates versus leasing. Also, when you buy, you have to deal with the depreciation of the vehicle. Buying a vehicle also means that you have to make a large down payment on the vehicle. Finally, when you own a vehicle, you are responsible for all out of warranty repairs.

Pros of Leasing When you lease, you usually make a lower down payment. In some cases, you don't have to put any money down on your lease. With leases, just about all repairs are covered by warranty. Leasing also allows you to have lower monthly payments, and you don't have to pay upfront sales tax. Finally, you don't have to worry about the depreciation of the vehicle. Cons of Leasing When you lease a vehicle, you will have to pay for any excess mileage on the vehicle. Also, leasing offers penalties for excessive wear and tear on the vehicle. Leasing also has early termination fees and higher insurance rates versus a purchase of the vehicle.

Take a Test Drive Today

You can buy or lease the Genesis luxury vehicle of your choice at Genesis of Raleigh. Our sales team will be able to help you decide whether buying or leasing your next Genesis is right for you. If you live around Wake Forest or Garner, stop by and get a top deal on your next Genesis purchase or lease today.