One of the major decisions you have to make when acquiring a new Porsche is whether to buy or lease it. Besides finances, there are numerous other factors that you should consider when deciding whether to buy or lease a car. Here is some advice from our team at Porsche Chantilly to guide you toward the best decision.
Advice From Your Porsche Dealer: Should You Buy or Lease a Car From the Dealership?
Benefits of Buying
Buying a new Porsche allows you to build equity as you make monthly payments towards the vehicle. If you decide to sell the car in the future, you will make enough to pay off the loan in full and purchase your next vehicle. Buying also gives you full control over the Porsche, so you can customize it to make it feel like your own.
When you buy a Porsche, there are no mileage restrictions. You can drive as much as you want without incurring excess mileage fees. So if you are a high-mileage driver who appreciates the feeling of owning a car, you should buy a Porsche instead of leasing. You can always sell or trade in the car in the future if you want a newer model.
Benefits of Leasing
Leasing may not afford you vehicle ownership, but it comes with numerous benefits. Car leases are short, usually lasting two to three years. At the end of your lease, you can lease the newest Porsche models and have access to the latest features and tech upgrades. If you find joy in frequently cycling into newer Porsche cars, leasing provides a cost-effective way to do so.
Leasing often costs significantly less per month compared to financing a purchase. You only pay for the vehicle’s depreciation, not the total value, which keeps the monthly payments low. What’s more, leases last as long as the factory warranty, so you won’t need to worry about major repairs during the lease term.
How to Make the Right Choice
When deciding the best choice between leasing and buying, consider your budget, long-term needs, and preferences. If you want to keep a Porsche for over four years and drive it without any mileage restrictions, buying one is a better choice for you. You can get suitable financing terms from your dealer to keep the monthly payments low.
If you are a low-mileage driver who loves experiencing new vehicles and technologies, you should consider leasing. This option is also easier on the pocket, as it comes with lower monthly payments. Once the lease term is over, you simply hand over the keys and move on to the next ride.
Whether you decide to lease or buy your new Porsche, we’ve got you covered. We offer both options at our dealership, and our finance team can help you figure out the best arrangement for your needs. Contact us at Porsche Chantilly to schedule a consultation with our team.
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