It is true that the cash option of purchasing an automobile is more popular and more often than not, potential car owners believe it to be the only financing method that would see them drive away their next vehicles. However, there are other methods as well.
Loan financing is considered ideal for potential car buyers. Reason being that after the loan has been fully repaid, the vehicle’s ownership is fully transferred from the dealership. Some may argue that it is pricey compared to leasing and that is not in dispute. However, a look at the leasing method will reveal why.
Leasing guarantees your usage and not ownership of the car. This simply means that throughout the lease period, the dealership owns the vehicle and after the lease period, the dealer takes possession of the car. However, some terms have been known to allow the buyer to purchase the car after the lease-end in which case the pricing would be equal to or greater than the loan option.
Visit our dealership to learn more about available financing options!