When it comes time to get a new vehicle, one of the biggest decisions is whether to finance or lease. Financing involves taking out a loan to purchase the vehicle, while leasing is more like a long-term rental. Each option has unique benefits depending on your needs and preferences. At Casa de Cadillac in Sherman Oaks, CA, our knowledgeable staff can walk you through the pros and cons of financing and leasing to help you make an informed decision.
Benefits of Financing
One of the main benefits of financing a vehicle is that you will own it outright once you pay off the loan. This allows you to build equity in the vehicle over time. For drivers around Beverly Hills who want a car they can call their own, financing can be a great choice.
Financing also allows you to customize your vehicle with additional accessories or make modifications. There are no mileage restrictions when you finance, which is ideal if you plan to use the vehicle for long road trips or have a long commute, such as from Calabasas to downtown LA.
Benefits of Leasing
Leasing a vehicle tends to come with lower monthly payments compared to financing. If you want to drive a new luxury car every few years, leasing allows you to do that more affordably. Leasing is a popular option among Thousand Oaks residents who prefer to regularly upgrade their rides.
With a lease, you have less responsibility for maintenance and repairs since you can turn the vehicle back in at the end of the lease term. This can provide peace of mind if you're someone who doesn't want to worry about expensive repair bills down the line. Leasing also makes sense if you don't drive that often, which is common for those living around Glendale, CA, and other areas with public transit and walkable neighborhoods.
Visit Our Dealership Today
Still trying to decide whether financing or leasing is right for you? Visit us at Casa de Cadillac, conveniently located at 14401 Ventura Blvd in Sherman Oaks, CA. Our friendly team is happy to go over your options in more detail and help you choose the best path forward based on your individual circumstances. We look forward to assisting you in acquiring the luxury vehicle you've been dreaming of, whether you decide to finance or lease!
