What’s the Difference Between Chevy Leasing and Buying?

Chevy Lease

Buying a new car is a tedious process. Not only do you have to do a bunch of research, but you also have to learn new terms and plan your spending.

The two standard payment routes are either leasing or buying, but the difference between the two is generally unclear. Today, we’re here to explain our leasing and buying processes so you can get closer to your perfect Chevy lease or auto loan. If you want even more detailed information on leasing or financing, visit Executive Chevrolet and talk to our specialized staff members.

What is Leasing?

Signing a lease is similar to borrowing a car from our dealership. Leases usually revolve around a fixed amount of time you’ll be using your car. Then, you make monthly payments corresponding to that timeline.

Our Chevy payment calculator details just how much you should expect to pay each month so you can start budgeting before you even visit Executive Chevrolet. Then, after using the car for a set period of time, you return it to our dealership.

Some benefits of leasing include:

  • No commitment to the car if you don’t like it
  • Lower monthly payments
  • No depreciation concerns

You may not be able to customize a leased vehicle or expend too many miles, but leasing is perfect for drivers who don’t want to deal with the commitment of being a car owner.

What is Buying?

If you want to commit to your new Chevy, buying might be the option for you. You may be paying more month to month, but you never have to make those payments again once you’ve paid off the full price of your car.

You can also customize your purchased vehicle to your content, and you won’t feel the pressure to keep it in perfect condition. To offset some of the purchasing costs, Executive Chevrolet even allows you to value your trade, giving you the opportunity to trade in your current vehicle and put the money toward a new one.

Executive Chevrolet has an extensive inventory of new Chevy vehicles for you to choose from and a wide range of payment options as well. We want to watch you drive off in the car of your dreams, so come in today so we can help!