A Lease vs Buy Analysis

At Spitzer Cadillac, our team takes a personal approach to enhance your car buying experience. Whether you want to buy a car or lease early releases, we help you make an informed decision by presenting the pros and cons of buying vs leasing. Stop in today to browse our premium selection of new, used and certified pre-owned vehicles that feature bold style, exceptional safety features, enhanced performance and extreme comfort.

Once you’ve selected the perfect vehicle for you and your family, the experts in our finance department will outline the pros and cons of buying vs leasing and help you maximize savings at signing. Learn more about buying vs leasing with our comprehensive lease vs buy analysis.

The Pros and Cons of Buying vs Leasing

As the most traditional route to securing a high-end luxury vehicle from Spitzer Cadillac, buying is often the most popular. There are many benefits to buying vs leasing. Primarily, when buying a car, once the car loan has been paid off, you own the vehicle outright. This gives you the freedom to sell the vehicle outright, trade it in for a new Cadillac model or keep it long-term.

When you choose buying vs leasing, you also have the freedom to customize the interior and the exterior. Add in heated seats, opt for a racing stripe on the exterior or spruce up the entertainment system when buying vs leasing. During the duration of your auto loan, you are responsible for monthly payments. Once the manufacturer’s warranty has expired, you are also responsible for all maintenance and repair costs when buying vs leasing.

This option is ideal for car owners who prefer to keep their vehicles long term. There are also perks to buying vs leasing, especially when you take advantage of manufacturer incentives and low-interest rates available based on loan terms and credit scores.

The Pros and Cons of Leasing vs Buying

Leasing a vehicle is similar to renting one. For a specified time period, you get the opportunity to drive a brand new vehicle during its most trouble-free years. Select from a variety of Cadillac models, including the all-new XT6, and learn more about flexible lease terms available at Spitzer Cadillac. When leasing vs buying, it’s often more affordable to upgrade to premium trim levels that may increase your monthly payment when opting for an auto loan.

If you select a car lease, you are required to make monthly lease payments and mileage restrictions apply. However, once the lease terms have ended, typically after 36 months, you simply hand over the keys, return the car, and pay any excess charges resulting from exceeding the mileage limit.

At the end of your car lease, you can also choose to finance the vehicle and purchase it outright, upgrade to a new lease or simply return the vehicle. You are not allowed to customize a leased vehicle, you must make all loan payments and you must stay on top of all maintenance during the duration of the lease.

The Ultimate Choice: Buying vs Leasing

After browsing our lease vs buy analysis, you may still have questions about buying vs leasing. We invite you to stop in at our Cadillac dealership to meet with our expert finance team. Our professionals will help you determine the best choice while also seeking out the best interest rates, flexible lease terms and manufacturer incentives.

Contact us today so we can compile your personalized lease vs buy analysis.