, Green Bay, WI | Hours / Map
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Military Avenue
(920) 499-3131
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Ashland Avenue
(920) 498-6666


Not sure if you want to lease or buy?

Read our guide below and learn about the benefits and drawbacks of both options

Buying a Vehicle VS Leasing a Vehicle
  Lower Upfront Cost
Builds Equity/Credit  
  Lower Monthly Payments
Ability to Customize  
  Always Drive a New Vehicle
No Limits on Mileage  

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Will You Lease or Buy Your Next Vehicle?

If you want to drive a new vehicle, you basically have two options - buy or lease. But deciding which one is best for you can be difficult. Luckily, the professionals at Broadway Automotive are here to help you figure out which one is best for you. Whether you buy or lease a new vehicle, the process can be easy. As far as leasing goes, there are different promotions available all of the time. You can select the length of the lease and agree to a monthly payment, and decide on mileage. During the length of your lease, you can receive free maintenance and any other issues that could arise are covered. When the length of the lease is over, you bring the car back and have the option to buy out the lease or start another new lease. This way, you can continually drive a new car.

Advantages of Leasing a New Car

Leasing gives consumers the freedom of driving a multitude of vehicles. Because you don't have to pay off the full car, you can often drive a car that might be above the price point you could purchase one for. The upfront cost is going to be lower than purchasing a new car, as are the monthly payments. Leasing also allows you to have free maintenance for the length of the lease. And when you are done with the car, you can just hand it back to the dealer, and start a new lease on another new ride if you choose.

Advantages of Buying a New Car

For many consumers, buying a new car is the only way to go. There is something to be said for the freedom of actually owning your own vehicle. Plus, you are not restricted by the mileage limits that often go along with lease agreements. You are also free to customize your vehicle and truly make it yours when you purchase the vehicle. And if you want to build up your credit, there aren’t many better ways to do so than making timely car payments.

Disadvantages of Leasing a New Car

Leasing may involve lower payments, but you never truly own your car. In the end, the money you paid didn’t turn into any equity, as you have to give the car back to the dealership at the end of the lease. You also aren’t able to do many customizations on a leased vehicle, and your mileage will likely be limited. Not being able to travel everywhere you want without paying extra for mileage takes some of the freedom of the road away.

Disadvantages of Buying a New Car

When you make the decision to purchase a new car, you are committed to paying off the full price of the vehicle. If at any time you are unable to pay or just get sick of the vehicle, you are still required to pay or face the penalties. While many new car purchases come with a warranty, they will eventually run out. And once the warranty period is over, the repairs and maintenance is up to you to fund. When you want to switch vehicles again, it is up to you to negotiate a trade-in or sell your current vehicle as well.

Conclusion

Hopefully, this helps you out with your decision to buy or lease a new vehicle in Green Bay. Making a list of pros and cons for your situation may be helpful. If you need more professional advice, you can always consult us here at Broadway Automotive. We would be happy to assist you in your decision!

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