Buy vs. Lease

Have you found yourself considering the benefits of buying or leasing your next new Chevrolet? Finances are a key contributor to the success of the car buying process and at Legacy Chevrolet GMC, we are here to help you find not only the right vehicle but the right finance plan for your budget.

Should I Buy or Lease My New Car?

Should I Buy My Chevy?

Buying your car comes with more finance responsibility alongside more freedom to make decisions regarding your vehicle. When you buy your new Chevy, you are responsible for the down payment and monthly payments which include interest. The payoff for this comes with the added freedom of owning the car, meaning you can make any modifications or trade it in whenever. 

If you choose to buy a new Chevy, you will see long term benefits, including the ability to build equity which will help you with future vehicle purchases.

Should I Lease My Chevy?

If you have a tighter budget, you may want to consider the option to lease a new Chevy. With this option you are typically responsible for a smaller down payment and monthly cost because you are only "borrowing" the vehicle for a contracted time. Your monthly payment is calculated based on the initial price of the vehicle plus residual and any additional finance charges. 

When you lease a Chevrolet vehicle, you get a portion of maintenance costs covered, helping alleviate further financial responsibility. Additionally, you get access to newer vehicles with the most advanced features because you are only responsible for the Chevy car, truck, or SUV for a period of time. When the lease is up, you can drop the vehicle off and start searching for your next new Chevy. 

Apply For Financing

Shop New Cars, Trucks, and SUVs Near Corbin 

Ultimately the decision to buy or lease a new Chevy is dependent on your budget and long-term wants and needs. We invite you to stop by Legacy Chevrolet GMC, conveniently located to serve the Corbin, London, Williamsburg, and Barbourville areas and check out our available inventory.

Be sure to check out our finance/lease specials to learn more about available options. With any further questions do not hesitate to contact us online. 

Find Your New Chevy