When finding the right Cadillac for you comes the question if you should finance or lease? So many factors would affect how long do you want to own this new Cadillac? What are your down payment options? This can be overwhelming, but it doesn't need to be. Let's take a closer look at your options.
To Finance:
If you are in it for the long run and to have your car paid off, then financing would seem like the better option for you. On the plus side is being able to build your credit by paying it off over time. And unlike leasing there will be no milage control a factor that many forget to think about when leasing.
There is also something amazing about being able to say that this Cadillac is completely yours. At the end of all of your hard work and payments you will have valuable piece of machinery at your disposal with nothing holding you back. Although it does come at a price, literally. Buying a car will always cost more than that of leasing along with a bigger down payment. However, unlike leasing your payments will be applied to the ownership of your Cadillac. Once you own your Cadillac it's yours, meaning no need to give it back like you would with leasing.
You worked hard and want your Cadillac to represent you. Cadillac and aftermarket companies provide you the option to make it yours with different customization options too! This is only feasible when you are going to own your Cadillac.
To Lease:
Not ready to take out a loan but ready to drive in a new Cadillac? Leasing may be the better route. Enjoy lower monthly payments than if you were to finance your new Cadillac but sadly it won't be yours in the end. Not to worry though because through leasing you can swap out your Cadillac at any time and have the latest technology! Trade in your car every three years or less with leasing and stay ahead in the game.
As mentioned before milage is an important factor in deciding if leasing is for you. There are usually restrictions that require you to pay extra for every mile you drive over the limit. So take a look at how much mileage you cover in a day to make sure you drive less than 15,000 miles a year (annual maximum miles may vary).
Owning a car is important to many but that doesn't mean that it's the right fit for you. You may not care to own your Cadillac in the end because of your lack of mileage requirements or you like to keep updating. If this is you then leasing will be the better option in the long run.
The choice is yours:
Visit your Sarasota Cadillac dealership and let us help in this next phase. You are spending the a lot of your day your Cadillac and we want to ensure that you are happy at every turn.
