Buy vs Lease

GermainCars Benefits of Buy vs Lease

When it’s time for a new vehicle, you may be wondering if you should buy or lease your next one. First, we understand it’s not an easy decision to make, therefore we’ve put together this handy guide to help you make the right choice for you.

What Are The Benefits of Buying a Car

GermainCars Ownership Equity

Ownership Equity

Once you’re finished paying off your Germain vehicle, you will own it and have equity that can be used as a down payment when you buy your next vehicle.

GermainCars Flexibility


When you purchase a vehicle, you have the freedom to customize your vehicle with accessories and aftermarket parts. You can also drive as many miles as you like without worrying about any mile overage fees.

GermainCars Low Interest Rates

Low-Interest Rates

If you purchase a vehicle, interest rates can be as low as 0% APR with qualifying credit on your next Germain vehicle.

GermainCars Longer Payment Schedule

Affordable Payment

In addition to low financing rates, we also offer loans that extend up to 84 months. Regardless of your budget, you will be able to buy the vehicle you want at an affordable price.

What Are The Benefits of Leasing a Car

GermainCars No Effect on Trade-In

No Effect On Trade-In

When it’s the end of your lease, you won’t have to worry about your vehicle’s value or how it will affect the purchase of a new one.

GermainCars Flexibility


You will be able to choose a different model every 2-4 years (the duration of your lease). So if your wants or needs change during that time span, you will be able to lease a different model.

GermainCars Lower Monthly Payments

Lower Monthly Payments

When you lease a vehicle, your monthly payments may be significantly lower since you are driving a vehicle for a specific time period and have a fixed mileage amount.

GermainCars Shorter Commitment

Shorter Commitment

Even though it’s possible for you to finance a vehicle with the same length term as a lease, it’s typically more expensive for an identical vehicle. Leasing a vehicle allows you to have a shorter term while keeping your monthly payments affordable.

Common Questions About Buying vs Leasing

If it’s getting towards the end of your leasing period and you realize the vehicle meets your lifestyle, you can most definitely buy the vehicle. The lease contract will detail the price at which you can purchase your vehicle at the end of the lease. Talk with your sales consultant to learn more about financing options.

We recommend leasing a vehicle if you’re into having the latest technology. Most lease agreements last 2 to 4 years, so you will always be driving a car with the latest technology.

Usually, the best time to lease a car is shortly after the model year is introduced because the residual value will be the highest. That means there’s a good chance you’ll save money on the deprecation cost.

We recommend buying a car if you have a long daily commute. Most lease offers have a mileage limit. So if you surpass the limit, you will get charged for each extra mile after your lease.

Technically you don’t “own” a leased vehicle, so modifying the vehicle is in many cases not allowed. When it comes to lease contracts, they are restrictive regarding vehicle modifications. This means less freedom to customize your vehicle.

To lease a vehicle you have to be 18 years old.

Buying a vehicle may be the best choice because the large down payment will help keep your monthly payment cost low and will help pay off your car faster.