When you find the vehicle you want, it can be an exciting time. You are eager to get on the road and behind the wheel of your new ride. Before you do that, you have to make a deal and there are a few methods that can work.

Here at Gus Machado Ford, our finance team aims to show drivers in Hialeah, Miami, Coral Gables, and Doral, FL, the benefits of the two methods that are most commonly used to get a new vehicle: buy vs. lease. Continue reading to learn more.

Benefits of Buying

When you buy, you can take out an auto loan. It is a long-term commitment that allows you to pay off the vehicle over time. This can help you enjoy the vehicle for years to come, giving you the flexibility to drive it as much as you want and make any updates and changes to the vehicle over time.

Here are a few of the benefits of buying:

• Long-term commitment
• Make enhancements, add accessories, and customize your vehicle
• Drive as much as you want
• Monthly payments on the vehicle over several years

Benefits of Leasing

There are also several benefits to leasing a vehicle. Let's take a look:

• Short-term commitment
• Lower monthly payments
• Pay for the value of the vehicle as you drive
• Options when lease expires

A lease deal is a short-term commitment that usually lasts two or three years in length. During this time, while you may have some driving limits, you only pay for the value of the vehicle as you drive. This can lead to lower monthly payments.

When your lease expires, you also have options. You can choose to purchase the vehicle and take out an auto loan on the remaining value of the vehicle or return it to the dealership and take out a new lease on a new model. This can be a great way to keep up to date with the latest features that a model has to offer.

Work With Our Experts

No matter which method you decide, you want to know that you have the help of a team to make the right choice for your budget. We'll go through the entire process with you.

Our finance staff helps you with the following:

• Choosing an auto loan or lease
• Building the foundation of your deal based on your needs
• Going through your options in detail
• Answering your questions

Visit Our Dealership Today

Now that you know more about the difference between buying vs. leasing and everything that goes into that decision, it's time for you to come to see us and get the ride you want. Here at Gus Machado Ford, we are proud to help drivers in Hialeah, Miami, Coral Gables, and Doral, Florida.

Contact us today or visit us to get the process started.