What Should I know about leasing a car

What Do I Need to Know About Leasing a Car?

In some ways, leasing a car is similar to buying one. You do your research and compare models online, go to the dealership to test drive your favorites and see which one is really best for you.

Then, you decide on the color and options you want for your car, truck or SUV, and discuss financing, in this case, the terms of your lease. There will normally be a down payment, and then a monthly payment, which is generally way less than you'd spend per month if you bought a car outright or financed it.

But there are some differences between buying and leasing a car, and most of them occur at the end of the lease period. When you're done with your lease, you need to decide whether to buy your car, or trade it in for a new one as many people do. This choice is up to you, but many people enjoy trading their car in for a new one every three years so they're constantly driving a late model car.

If you really like your car and want to buy it at the end of your lease, you'll need to contact us to get a payoff quote and instructions to purchase your car.

Just let us know if you have any questions. Our Buick GMC finance experts would love to help you decide whether it's better for you to lease or buy your next car.