Is Car Leasing a Wise Alternative to Financing?

Posted: Saturday, March 26th, 2016

A lower cost, the freedom to drive an impressive newer vehicle, and the no-strings-attached option of choosing whether to keep the vehicle or give it back at the end of the leasing period make car leasing seem attractive at first. But what are the long-term consequences of choosing leasing over more practical forms of car ownership? Green Light Auto Credit is here to set the facts straight for our clientele.

The Disadvantages of Leasing Your Next Car

For all the momentary allure that comes with short-term commitments and lower monthly payments, drivers often overlook the fact that you ultimately don’t own anything that you lease. Your mileage is preset and limited, disabling you from traveling beyond a select radius , and as with renting anything, the cost incurred across multiple leasing periods adds up to being more than what you would have spent buying the car in the first place! Once you sign yourself into a lease, you also run the risk of incurring heavy penalty fees if you choose to end your term prematurely.

The Advantages of Financing

When it comes to a point-by-point comparison, financing is almost always the preferable option when stacked against leasing. Car buying is more economical in the long term because when you are financing, you are on the road to ownership. This means that you decide what you can—and will—do with your vehicle. When you finance your vehicle, you can drive as far as you want for as long as you want. Since you own it, you also enjoy the freedom of being able to sell your vehicle at any time.
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Let Our Flexible Finance Counselors Help

Green Light Auto Credit is your ally in finding the most affordable choices in car financing for the long run. We want our applicants to know the joy of not only full car ownership, but of possessing a sterling credit history alongside it. Fill out our online finance application to learn more about what Green Light Auto Credit can do for you as a borrower!

Let us Help You Get the Great Rates and Terms You Deserve

You don’t have to resort to car leasing if you want to drive a nice vehicle. Green Light Auto Credit will provide you with affordable car financing options. Contact us at 866-845-1603 to discuss economical financing options today.

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