Differences Between Buying and Leasing a New Car in Nashville TN

December 21st, 2021 by

Dealer Shaking Hands with Shopper and Exchanging Money

What Are the Advantages and Disadvantages of Buying and Leasing a Car?

Are you interested in the brand-new 2022 Chevy Silverado 1500? Do you have your eye on the 2023 Chevy Corvette Z06? Carl Black of Nashville is here to help make your automotive dreams come true with an impressive inventory of brand-new Chevrolet cars, trucks and SUVs. Customers who choose Carl Black of Nashville want to know – what are the advantages and disadvantages of buying and leasing a car – and we have got you covered with a quick list of pros and cons.

No matter what you decide to do – lease or finance a brand-new Chevy – your dream car can be tailored to fit your budget at Carl Black of Nashville. With that said – there are pros and cons to each mode of finance that may make one or the other a better fit for your budget. Here is a quick look at each financial option available to you at Carl Black.

Pros and Cons of Buying a New Car in Nashville TN

When you purchase or finance a brand-new car at Carl Black of Nashville it can be tailored to fit your budget. Available low interest rates and variable term lengths at the dealership will help you find the right financial fit for your dream car.

Benefits of Buying a Car 

  • You Own Your Brand-New Chevy 
  • No Mileage Limits 
  • Ability to Customize Your Chevy 
  • No Payments When the Loan is Complete 
  • Sell or Trade-In When the Loan is Complete 
  • Get Cash to Pay for Your Next Car 
  • Refinance to Save Money as Needed 

Drawbacks of Buying a Car 

  • Buying Can Be More Expensive – in the Short Term 
  • Pay Interest on the Total Cost of Your Car 
  • You May Pay More Sales Tax 
  • Larger Down Payments 
  • Future Value of Your Car is Unknown 
  • Manufacturer Warranties Will End 
Dealer at a Desk Negotiating with Car Shoppers at a Desk
Dealer Handing Car Keys to New Driver

Pros and Cons of Leasing a New Car in Nashville TN

Are you looking for a different financial route to your dream car? Leasing may prove to be the right fit for you and can be more affordable for many car shoppers in the short term. Here is a closer look at the benefits and drawbacks of vehicle leases you may choose at Carl Black of Nashville.

Benefits of Leasing a Car 

  • Lower Monthly Payments on Your Chevy 
  • Latest Models and Technology Every Few Years 
  • Manufacturer Warranty Coverage for the Duration of the Lease 
  • Easy to Trade-In at the End of the Lease 
  • You May Pay Lower Sales Tax 
  • You May Have a Lower Down Payment 

Drawbacks of Leasing a Car 

  • You Do Not Own Your Chevy 
  • Mileage Limits 
  • No Customization 
  • No Cash When You Trade-In Your Lease 
  • Difficult to Lease with Poor Credit 
  • Potential Lease-End Costs 

What are the advantages and disadvantages of buying or leasing a car? Find the right financial solution for you and your family with this quick guide created by Carl Black of Nashville. Contact the Carl Black of Nashville team today to schedule a test drive in your dream car and begin your automotive journey!