It’s easy to get overwhelmed with all the decisions to make when you’re car shopping. Many people question if they should consider financing or leasing. To help, we’re outlining the pros and cons of an Alfa Romeo lease at Helfman Alfa Romeo.
The Pros of Leasing
Most people are drawn to a lease, initially, because of its price. A lease payment will almost always be more affordable than financing. When leasing, you’re covering the depreciation of the vehicle rather than paying interest and slowly covering the principal.
These are a few of the additional perks:
- They often require a smaller down payment (or none at all)
- Leases often have better incentives
- You can avoid the hassle of selling
- Your car is not likely to need serious repairs since it is newer
- You typically have warranty coverage throughout the lease
The Cons of Leasing
On the other hand, there are also cons to leasing that you should consider:
- You have mileage restrictions
- You can’t customize your vehicle
- You will pay extra at the end of your lease if your car is damaged
- You aren’t building up equity in a lease
- Your insurance may cost more
The Best Candidates for Financing
Whether or not you lease is completely a personal preference. However, there are some people that are certainly better candidates for financing.
Financing is typically a better option if:
- You put substantial miles on your vehicle
- You love the pride that comes with ownership
- You want to customize your vehicle with decals, wraps, or accessories
Interested in leasing a new vehicle? We encourage you to stop by to shop our new Alfa Romeo vehicles for sale in Houston, TX, to find your perfect fit. Come see us today—we’d love to help!
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