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Buy vs. Lease

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When you are looking to get a car, one of the hardest decisions you have to make, aside from what car you want, is will you buy it or lease it? Mountaineer Lincoln wants to help make the decision a little easier by helping you weigh the pros and cons of buying vs. leasing.

Advantages of Buying
  • No mileage restrictions, road trip!
  • Customize your interior and exterior to fit your lifestyle
  • Own car for as long as you want, and with the quality of a Lincoln, it will last you a long time!
  • Pride of saying you own a car (after it’s fully paid-off, of course)

Advantages of Leasing
  • Lower monthly payments
  • Smaller down payment in beginning
  • Car covered under warranty during lease for repairs 
  • Newer car, newer features

Disadvantages of Buying
  • Large down payments based on credit score, income, and more
  • Higher monthly payments, depending on how you finance it
  • Selling can be a hassle
  • Responsible for maintenance costs after warranty

Disadvantages of Leasing
  • Never actually owning the car
  • Limited mileage with overage fees
  • Potentially more expensive in the long run If you decide to buy after
  • Lease contracts can be very confusing and restricting 

We have laid out the pros and cons to both buying and leasing so now the decision is up to you! If you are still not sure which decision is right for you, stop into Mountaineer Lincoln and the friendly staff in our Finance Department would be happy to assist you! 
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