Leasing Versus Buying Guide

When you decide it’s time to purchase a new car, there are a few different decisions you need to make, including whether you’re going to buy or a lease. We’ve created this guide to help you understand the difference between your options. And when it’s time to buy, we’ll help you pick the car that best fits your needs and budget.

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Leasing	vs.	Buying
Limited Mileage	Mileage Restrictions	Unlimited Mileage
Lower Payments on Average	Montly Payments	Higher Payments on Average
Dealership	Owner of Vehicle	You

Why Should You Lease With Uptown?

Drivers who lease a new car from Uptown Motors will benefit from advantages, including:

Lower monthly payments, on average
Lower maintenance costs
New cars every couple of years
An affordable down payment
The newest in automotive technologies
No trade-in hassles
A more cost-effective purchase

Leasing a car from Uptown means you’re paying a monthly fee to use a vehicle for an agreed-upon amount of time. Your upfront cost is typically lower than buying since you’re not required to pay a down payment, aside from possibly the first month’s payment. Essentially, all maintenance is covered by us since it’s not your vehicle. The best part? At the end of your lease, you can turn in your keys for a newer car or discuss buying the one you’ve been leasing. We’re happy to walk you through your options and help you make a decision. Read more on our leasing information page and call with any questions.

The Advantages of Buying a Car From Uptown

When you buy a new or used car from Uptown, you’ll benefit from things, like:

Ownership of the vehicle
Customization to your new car
Unlimited mileage
The option to trade it in for a new vehicle
Ability to sell the car whenever you want

Buying a car means you take immediate ownership of the vehicle upon purchasing it and it’s yours to care for, including regular maintenance. It means you can drive your car wherever you want to without worrying about how many miles you’re putting on it and you can keep it for as long as you want. If you’re financing your new car, you’ll most likely be required to pay a down payment of a certain amount to meet your lender’s requirements—but the vehicle becomes 100 percent yours once you’re finished making your monthly payments. Plus, paying off one car means you’ve built equity to help you when purchasing your next one.

The option of leasing or buying a car is a big decision, especially for first-time car buyers. What it really comes down to is your financial standing, how many miles you drive every year, and if you want to be the owner of the car. Our professional staff at Uptown Motors will inform you of the benefits of both options so you can make the most informed decision, and our financial department can help you decide which one is more budget friendly.