Buying a car is an important decision, as there are a lot of factors to consider before making a final purchase. One of the most important ones includes price. If you choose to buy a car, you have to pay for the entire value of the vehicle, ensuring drivers don't have to worry about miles accumulated. On the other hand, when leasing a car, you pay for the vehicle's depreciation throughout the lease term and are bound to certain aspects. Regardless of your route, Malouf Chevrolet is here to help and provide you with important information to assist with this choice. Our advanced facility can help simplify your choices and distinguish each option. Thus, we have created a guide to help decipher each choice and ensure you make the most efficient choice.

The most convenient method is to buy a car as it is the most straightforward process. By keeping ownership of a vehicle, you do not have to lease it for a certain period. The most notable element of this method is the price of the car. If the price is too high when browsing the new vehicle selection, then the alternative would be to browse the used and certified pre-owned inventory, which can provide more leeway when making this decision. If you purchase a vehicle with a loan, the price tag for your monthly payments will tend to be higher than leasing. However, once the car is paid off, it is yours. Listed below are some additional benefits when deciding to buy a car.

• The ability to sell or trade in the vehicle

• No further payments at the end of your turn

• No mileage limits

• No wear-and-tear charges

• The car is yours to modify or customize as you like

If the hefty price of buying a car does not fit your budget, then leasing a car is a smart option. When leasing a vehicle, you pay for the right to drive it for a fixed period. The lease fee usually includes taxes and fees when customers leave the lot with their car. From there, monthly payments are made over the vehicle's life to cover the depreciation cost. Within this term, there tends to be a restriction on the number of miles you can drive, and after the lease is up, you have to ensure the car is returned in excellent condition to avoid extra fees. Listed below are some of the additional benefits of leasing a car.

• Lower monthly payments

• Less money down

• Manufacture warranty options

• Lower repair costs

• Option to buy the car at the end of the lease