Benefits of Leasing vs. Buying

Should I Buy or Lease My Next Car Through McGonigal Buick & GMC?

Before you buy your next car from McGonigal Buick & GMC, you may be on the fence between financing and leasing. There's no wrong decision, as both buying and leasing have their fair share of benefits.

The auto financing experts at the McGonigal Buick & GMC finance center can discuss your lease and loan options in greater detail. We're proud to be a Kokomo, IN car dealership providing affordable leasing and financing options. Discover five benefits for both leasing and financing below.

Leasing Benefits
Financing Benefits

Leasing Benefits

Secure a Short-Term Driving Solution

Lease a new car in Kokomo through us for 24 to 36 months. You can lease a new car every two to three years and not be tied down to a vehicle.

Enjoy Lower Monthly Payments

A lease payment is determined by the new vehicle's depreciation value throughout the lease deal. Since you're not paying for the vehicle's full sticker price, leasing payments are often, but not always, lower. There's also less money up front. No down payment is needed for most leasing contracts.

Buick & GMC Lease Deals

With Buick & GMC lease offers on new trucks, cars, minivans, and SUVs from Buick & GMC, your monthly leasing payments can be even lower. Explore affordable lease deals on new Buick & GMC® models in Kokomo.

Transition to a New Lease Every Few Years

Lease a new vehicle in Kokomo to enjoy all of the latest features. It's easy to transition to a new lease every few years. You can lease the same Buick or GMC models from the newest model year, or you can lease a different vehicle that fits your current lifestyle.

There are also flexible lease-end options. Return your lease with ease and lease another new truck, car, van, or SUV in Kokomo.

Less Money on Maintenance

As vehicles age, mechanical problems tend to arise, and more parts need to be replaced. Since a lease is only for a few years, the new vehicle is less likely to need major maintenance — resulting in lower annual costs. A leased vehicle is also covered by GAP Protection.

Financing Benefits

Buy New or Used — More Options!

Leasing is restricted to new cars. Financing gives you more options, as you can secure a car loan for a new or used vehicle. McGonigal Buick & GMC provides affordable used car financing and helps customers finance new Buick & GMC vehicles.

Become an Outright Owner — Build Equity & Your Credit Score

Financing a new or used car leads to ownership. Pay the auto loan in full to own the car outright. Financing is a way to build equity in a vehicle. Unlike leasing, there are no annual mileage restrictions when you finance a car. You're the owner — or on the road to ownership — giving you ultimate freedom. You're also free to customize the vehicle.

Making regular payments as you finance a vehicle also builds your credit score.

Enjoy Flexible Financing Options — Create a Personalized Payment Plan

You have the freedom to finance the vehicle for 12 months or 84 months — or anywhere in between. Spread out the cost of your new or used vehicle purchase from McGonigal Buick & GMC with a longer car loan. Financing a car for a shorter amount of time means you'll pay less in interest. Choose how long you want to finance your new or used car based on your budget.

Financing Specials with Lower Interest Rates

Here at McGonigal Buick & GMC, we strive to help you obtain the lowest financing rates you're eligible for. If you have a high credit score, there's a great chance you can secure a car loan with a low interest rate. Financing becomes more affordable with ongoing new vehicle specials and pre-owned specials. Lock in an eligible special financing offer to lower your monthly loan payments.

Easy to Secure Financing

It's easy to apply for financing online through our secure finance application. When you finance any new or used car through McGonigal Buick & GMC, you can make a sizable down payment with your trade-in credit.