Why Should You Lease a New Car?
If you prefer to drive newer, safer, more reliable cars or trucks, prefer not to commit to a big down payment every 3-4 years, and also do not drive an enormous amount annually, then a new car lease should be the right choice for you. Leasing is better for those who prefer to bypass the hassle of buying and selling each time they want to get into a new car or truck.
Why Buy a New Car?
On the other hand, if you want long term relationships with a larger sense of commitment and ownership, then buying may be what's ideal for you. Car-buying is typically best for those who do not mind driving the same car for more than five years or even until the vehicle is no longer fit for the freeway.
Buying vs Leasing: Which Is Right for You?
Being aware of the pros, cons, and overall benefits of buying vs leasing a car, truck, or SUV is important. Be sure to look at potential savings, vehicle ownership, monthly payments, and repair costs when weighing the pros and cons of the best new car, truck or SUV financing type for you.
Leasing vs Buying: Ownership
When weighing the value of vehicle financing, new vehicle ownership surely comes with many advantages, most associated with outright ownership of the car or truck. You may not realize, however, there are also a few nice benefits of leasing, as well. It's imperative to consider all financial aspects including monthly payments, down payment, term length, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A meticulous inspection of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the ideal choice between leasing and buying a new car, truck, or SUV.
Monthly Payments
Car, truck, or SUV lease payments are often less expensive in comparison to auto loan and car financing payments as the typical lease deal is pretty much renting with the option to buy out near the end of your lease term. Just consider when leasing that you'll need a decent credit score, and will be required to carry collision and comprehensive insurance, though the same can be said for the lowest rate auto loans. Although it could likely add to monthly payments, it is also wise to get a model with the features you want or need, as personal satisfaction is often priceless.
Maintenance & Repair
Auto leases often include regular vehicle maintenance & repair. It is important to keep this in mind when projecting monthly costs of ownership vs leasing. Regardless of which make and model you choose, mechanic bills are an uncertain cost that can quickly add up. And for those who are not certified mechanics with a full toolset and hydraulic jack in the garage, leasing is likely the best option for peace of mind.
Peace of Mind
In general, a new car lease saves money in the short term with lower monthly payments, while buying earns you a long term investment, meaning outright ownership of the value of the car or truck at the time it is traded, sold, or paid-off. For best value on a lease, avoid lease return fees for going over mileage, terminating the vehicle lease early, or putting on excessive wear and tear. For maximizing investment on a financed/purchased vehicle, you can pay it off in a shorter term and also avoid excessive wear and mileage.
Lease | Buy | |
New Vehicles | Available | Available |
Pre-Owned Vehicles | Not Available | Available |
Vehicle Customization | Not Available | Available |
Poor Credit Financing | Not Available | Available |
APR % | Credit-Based | Credit-Based |
Ownership | No Ownership | Pride of Ownership |
Down Payment | Smaller Down Payment | Larger Down Payment |
Monthly Payment | Smaller Monthly Payments | Larger Monthly Payments |
Savings/Investment | Short Term Savings | Long Term Investment |
Finance Term | Approx. 2-4 Years | Approx. 3-6 Years |
Maintenance & Repair Costs | Typically Included | Not Included |
Buick GMC Lease and Finance Offers In El Paso TX
Shamaley Buick GMC knows that choosing the right Buick GMC car and financing option is never easy. Our team of experienced Buick GMC lease and finance specialists are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in El Paso, TX. We look forward to serving you.
Real professional and when I left I felt...
Real professional and when I left I felt like they gave me a good deal.


I was told by service advisor David...
I was told by service advisor David Banda that they needed to order my replacement oil pan, which may take a couple of days to arrive. I picked my veh...

Everething was excellent, the advisor...
Everething was excellent, the advisor Santiago Ovalle is an expert advisor!

Safety check, air in tires in...
Safety check, air in tires in preparation for travel. Changedout air and cabin filters

David, my service advisor, was great!
David, my service advisor, was great!

Santiago was extremely helpful and...
Santiago was extremely helpful and informative. Even helped me with a loaner vehicle. Marissa is always very kind

Delaney is always a pleasure. Some...
Delaney is always a pleasure. Some issues are out of his control. I came in for an oil change and service was training a new tech. The new tech reset ...


