Should You Buy or Lease Your Next Truck? Discover the Benefits of Both!
Should You Buy or Lease Your Next Truck? Discover the Benefits of Both!
Posted on November 17, 2017
When shopping for your next truck, at some point you'll have to make decisions about financing a truck or van. The biggest financing decision will be the choice between buying and leasing. So, what should you do when buying a used truck or van? Discover the distinct benefits of both options!
Buying Your Next Truck
- Simply, you own it! That means you can build equity in your vehicle.
- There are no kilometer limitations, and you can alter your vehicle in any way.
- Eventually monthly payments end when the loan is paid off.
- You can sell at any time and keep the cash value for yourself, or trade in and apply the value toward your next vehicle.
Leasing Your Next Truck
- You don't pay full price because you're only paying for the term of your lease.
- Monthly payments tend to be lower.
- When your lease is up, the return process is hassle free.
- You can upgrade to a newer truck every time you sign a new lease!
If you need help deciding or have any questions about the financing options available to you, contact the Finance Centre here at Palmery Motors. We'll be happy to walk you through all of your options, and help you find the best solution. Contact us today!