“Don’t know if you should lease of buy? Weigh your options and decide if buying or leasing works best for you.”
Lease
Leasing offers affordable payments with shorter termsWhich allows you to…• Consider vehicles that have more options• Get closer to your desired trade cycle• Have peace of mind since your Cadillac will be under warranty the entire periodLeasing offers options at the end of your leaseIf the vehicle is worth more than the residual…• Exercise purchase option and keep it• Exercise purchase option and sell it• Apply equity to the next vehicleIf the vehicle is worth less than the residual…• Drop off the keys and walk away (and then pat yourself of the back, you just drove a vehicle for 2 or 3 years for a fraction of the actual cost!)
Buy
Conventional loans typically require longer terms to reach affordable paymentsThis could…• Limit your ability to trade into a newer vehicle when you want to• Impact the amount of time it takes to reach an equity positionConventional loans offer obligations when you trade• Assume all of the risks for unexpected depreciation• Unknown mileage expenses• Must pay the total cost of using the vehicle regardless of value (being “underwater” or “upside down”)
With all this in mind, one must now ask themselves, is leasing right for me?
More and more people are discovering the advantages of leasing. Whether it is the appeal of lower monthly payments or the opportunity to drive a new vehicle every few years – many drivers are exploring the possibility of leasing their next Cadillac.
What is leasing?
Leasing is a financing option that allows the customer to only pay for what they actually use. The payment is based on the estimated depreciation and a cost of borrowing.
Benefits of leasing
Less money up front – A lease typically requires less money up front than a tradition auto loan would.
Protection from potential negative equity – Avoid the risk that your vehicle’s value have declined beyond its projected residual value.
Virtually worry-free driving experience – Most lease terms are within the factory warranty period helping you avoid costly repair bills, your Cadillac will also be within its premium care maintenance, which means routine service is free as well!
Affordable payments with shorter terms – More bang for your buck. Consider newer models with more options!
Protection from unexpected depreciation:• Newer technology• Fuel prices• Supply and demand• Model changes
Bottom LineLease – only pay for the portion that you use.Buy – pay for the whole car.
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