| Buying | Leasing | |
| Negotiated trade-in value | Trade-in | No trade in hassle or negotiation |
| Responsible for maintenance costs after warranty expires | Warranty | Less maintenance - typically always under warranty |
| GAP protection not included - added expense to purchase | GAP Protection | GAP protection included |
| Stagnant technology based on what was in effect at time of purchase | Technology | Technology obsolescence protection |
| No loyalty incentives | Loyalty | Lease loyalty incentives |
| Eligible for all dealer incentives | Incentives | Eligible for all dealer incentives |
| Potential negative equity if you sell your car before it is paid off | Equity | No chance of negative equity |
| Not required to maintain vehicle, but since you may eventually own it, why wouldn't you? | Program Maintenance | Responsible for program maintenance per manufacturers recommendation or you may be charged excess wear and tear |
Buy or Lease Your New Chevrolet? Get Answers at Thomas Chevrolet!
At Bedford Chevrolet, we're proud to offer an extensive selection of new Chevrolet models available for lease or purchase, including the iconic Chevy Silverado, the stylish Chevy Blazer, and the fuel-efficient Chevy Bolt. But when deciding whether to buy or lease your next vehicle, the choice can be overwhelming. Lets look at the key differences.
Upfront Costs: Leasing vs. Buying a New Chevy
One of the most significant differences buying and leasing is the upfront cost and resulting payments.
Leasing Advantages
- Lower Monthly Payments: Leasing involves paying a fee for a specific period, often translating to significantly lower monthly payments.
- Less Upfront Investment: Leasing requires less money down compared to a traditional purchase.
Buying Consideration
- When you buy a new Chevrolet, you're typically financing the full purchase price, which can lead to higher monthly payments.
Maintenance, Flexibility, and Long-Term Value
Buying (Ownership)
- Customization Freedom: You have the ability to customize your vehicle to your exact preferences.
- Unlimited Mileage: Drive as many miles as you want without incurring additional charges.
- Long-Term Asset: Owning a car can be a valuable asset that may appreciate or hold value over time.
Leasing (Short-Term Use)
- Reduced Maintenance Burden: Many leases include full factory warranty coverage for the entire lease term.
- Always Drive a New Car: Leasing allows you to drive a modern, reliable vehicle every few years.
- No Trade-In Hassle: Simply turn in your vehicle at the end of the lease term.
Make the Right Choice at Thomas Chevrolet
Ultimately, the decision of whether to buy or lease a new Chevrolet depends on your individual needs and circumstances.
- If you're looking for a hassle-free, affordable way to drive a new car every few years, leasing might be the right choice.
- If you prefer the flexibility, customization, and potential long-term value of ownership, buying could be a better option.
Ready to explore your options?
Visit Thomas Chevrolet today to discuss leasing or purchasing any of our latest Chevrolet models with a Client Advisor. Call us at 814-623-8131 or shop our inventory now!
LEASE A NEW CHEVROLET
* Indicates a required field