Buy vs. Lease

The decision to buy or lease your new vehicle comes down to your finances, driving habits, and what you are looking for out of your new vehicle. The team at Tincher Williams Chevrolet Buick GMC offers our auto shoppers a selection of new cars, trucks, and SUVs ready to hit the roads of Corbin and beyond. 

Should I Buy or Lease My New Car?

Before you buy a new Chevy, Buick, or GMC, it's best to understand what this entails. Buying a car puts the responsibility of the full value of the vehicle on you. Whether you pay the amount in total or take out a loan, you are required to pay the full value. Monthly payments may in turn be higher due to interest. 

The benefits of buying a new car include more freedom and long term financial results. Owning a car allows you to make decisions for modifications, when to sell, and more without consulting anyone else. Owning a car will allow you to build equity over time, which will help you with future purchases. 

For some buyers, the option to lease a new Chevy, Buick, or GMC better fits their financial needs. When you lease a new car you are entering into a contract to borrow the vehicle for a specified period of time while paying for the initial cost plus depreciation. This lends itself to lower down payments and monthly fees. 

Leasing a vehicle will also help alleviate additional financial burdens with maintenance covered in your contract. Due to the limited time of a lease, you have the option to always be in the newest models available. Simply drop your vehicle off at the dealership at the end of the lease and start looking for your next Chevrolet, Buick, or GMC. 

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Shop New Cars, Trucks, and SUVs Near Corbin

Ready to get behind the wheel of a new GMC, Chevy, or Buick? Let the team at Tincher Williams Chevrolet, help you find the perfect model for your needs. Our finance team is eager to help you find the plan that works for your finances, we encourage you to pre-apply for financing to get a better understanding of where you stand. If you already have a Chevy lease, we can assist you with end of lease process. Do not hesitate to contact us online!

Check out our available GM specials to get the most out of your car buying experience!

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