Financing vs. Buying vs. Leasing a Used Car: Which Option Suits You?

Our team at Zeigler Buick & GMC of Lincolnwood offers special financing opportunities to help Illinois drivers get behind the wheel of their dream Buick or GMC models without breaking the bank. We take the time to dive into the numbers and help you decide whether leasing or purchasing a used car is the best move for your future driving needs.

Our dealership has a complete inventory of exciting used vehicles available to accommodate the needs of all motorists. From the rugged and spacious GMC Yukon to the versatile Buick Enclave, there’s something for everyone at Zeigler Buick & GMC of Lincolnwood.

Numbers to Know

Buying a car is a big decision. Before visiting us at Zeigler, here are some important numbers every driver should know to help decide how they’d like to move forward with their purchase.

Budget: Determining a monthly budget will place a realistic expectation on the cost of loan payments, taxes, insurance, registration, gas, and maintenance.

Credit Score: A car buyer’s credit score plays a large role in determining the conditions of the loan agreement and can help lower monthly payments.

Car Value: Always know whether or not the car you’re buying is in line with the current market value and consider depreciation.

Interest Rate: Knowing the interest rate will help determine the overall cost of the loan and how much you pay monthly.

Now that we’ve got a better understanding of the numbers, the only remaining question is whether or not leasing or buying makes the most sense for you.

Benefits of Buying

• You get to keep the vehicle as long as you want and keep it in good condition
• Upfront costs include down payments, taxes, registration, and other fees
• Monthly payments go toward paying off interest and you owning the vehicle
• Drivers can sell or trade in their vehicles at any time
• Drivers are free to drive as many miles as they wish
• Option to customize your car however you like (some customizations may void warranties)

Benefits of Leasing

• No long-term commitment and the ability to drive a variety of vehicles
• Lower monthly payments to cover the vehicle’s depreciation
• Smaller down payments upfront
• Lower repair costs and available warranties
• The option to purchase the car at the end of the lease term

Visit Zeigler Buick & GMC of Lincolnwood

Come experience the luxury of the Enclave, the outdoor ability of the Sierra 1500, and the modern technology behind the Hummer EV all at Zeigler Buick & GMC of Lincolnwood.

We’re always excited to help Illinois drivers get the best cars at the best prices. Our team can help crunch the numbers and determine whether to lease or finance your next car. Visit us today to save and get behind the wheel of an exciting-to-drive vehicle.