Buying vs. Leasing Your New Vehicle

When you're ready to replace your vehicle, shopping around for a new model can be a lot of fun. However, when it comes to deciding whether you should buy or lease your new vehicle, there are a lot of factors to consider.

Here at Gettel Lincoln, we want you to be informed about this decision, so that you can make the right decision for your lifestyle. Keep reading to learn more about the benefits of buying or leasing.


Freedom of Choice

Freedom and flexibility are the main perks of leasing a vehicle. When leasing, customers can drive a new vehicle every few years if they wish, and postpone the purchase decision without the inconvenience of having to sell or trade the vehicle.


Leasing terms most often range between 24 and 60 months. With shorter terms, you can have more affordable payments. You're also able to choose your mileage. Lessees are typically given 12,000 or 15,000 miles per year, but if you need a higher mileage limit, you're given the choice to purchase more miles at signing.

Lower Payments

Since you're just purchasing the right to drive a vehicle for a specific period of time, your financial responsibility and monthly payments may be significantly reduced. Also, if you're not ready to make a large down payment, then leasing may be better for you, as there are leasing options that require $0 down.

Hazard-Free Driving

Because most leases last for two to three years, your vehicle is generally covered with warranty protection for as long as you have it.

True Convenience

When your lease ends, you simply return your vehicle and pay any remaining fees (such as for excess mileage or wear and tear) and taxes. If you decide that you'd like to keep your vehicle at lease-end, you can also take the opportunity to purchase it at a predetermined price. In either case, there's no need for you to sell it or trade it in unless it benefits you.



Ownership is the primary benefit of buying instead of leasing your next vehicle. If you want to keep your vehicle for a longer time frame, then buying is the better option for you. Plus, choosing to buy rather than lease provides you with the option to customize your vehicle to fit your lifestyle.

No Mileage Limitation

When financing a vehicle, you're responsible for the miles you travel and don't have to deal with any mileage restriction. Leasing requires that you calculate in advance how many miles you'll drive each year. Ownership gives you the ability to drive as much and as far as you desire without collecting fees.

Payment Flexibility

If you decide to buy your vehicle, you can choose to finance it or purchase it outright with cash. If you buy with cash, you become the owner of the vehicle and don't have to worry about monthly payments. If you choose to finance, you have an extended period of time with a loan to pay off the vehicle. For the best outcome when financing, we highly recommend that you acquire the most affordable, dependable and competitive rates possible, like what we offer here at Gettel Lincoln.

True Freedom

When you complete your payment schedule, typically in four to six years, you become the owner of your vehicle. You can keep driving for as long as you like without any further payments, or decide to sell or trade it at any time. Once you own the vehicle, you're no longer making monthly payments, which means you could potentially place those same funds toward your savings.

If you have any questions or would like to get to know us more, come visit us at 2021 Tamiami Trail, Punta Gorda, FL 33950. We look forward to serving customers from Port Charlotte, North Port, Venice and Fort Myers.