Should you lease or buy?

By Product Expert | Posted in Tips & Tricks on Thursday, January 30th, 2020 at 6:46 pm
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Leasing vs buying a new Porsche

Interested in owning a new luxury car? If you’ve been considering a Porsche, our team here at McDaniels Porsche in Columbia can set you up with some awesome deals. Maybe buying isn’t the best choice for you though; have you considered leasing? Take a look at some pros and cons to each to decide which is a better choice for you!

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happy woman leaning out of a car windowAdvantages of leasing

When you lease a car, you don’t technically own it. no worries, though; leasing is an excellent option for drivers who want a new car but can’t afford to buy one outright. By leasing, you’ll be able to make lower monthly payments and at the end of your lease, you’ll usually have the option to either extend your lease, buy the car, or return it without any hassles. When you lease, you’ll also have a variety of maintenance services covered for you, like oil changes, transmission flushes, wheel alignments, etc. This isn’t always the case, but sometimes it is.

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Advantages of buyingblue porsche macan back view

Owning a car has its perks too. Since it is 100 percent yours, you have more freedom to do what you want with it. Want to add decals? Customize it? Go on a sudden road trim and rack up some miles? Go for it. When you sign a lease, you’re often restricted from doing certain things, and you’ll incur a penalty for going over a certain number of miles in a year. Additionally, if you decide to get rid of your car, you can do so at anytime since you’re not under a lease. You’ll be able to at least get something back for it when you sell it, unlike leasing, when you get nothing back after you return the car.

Whether you’re more interested in leasing or buying a new Porsche, we’ll help you out here at McDaniels Porsche. If you’re not sure which is right, chat with us and we’ll steer you in the right direction depending on your unique situation. Schedule a test drive today to get started!

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