Should I Buy vs. Lease a New Lincoln Near Atlanta, GA?
The decision to buy or lease a new Lincoln SUV is entirely up to your personal preferences and needs from a vehicle. Embracing the luxury of a Lincoln means contemplating not just the model that suits your lifestyle, but also the best financial path to get behind the wheel. Both buying and leasing have their unique benefits, and at Allan Vigil Lincoln, we understand the importance of making an informed choice that fits your personal circumstances and long-term goals.
Go over the perks of buying vs. leasing a car now, then visit our Lincoln dealership near Atlanta to browse our inventory. Whether you want to sign a new Aviator lease or buy a Navigator in Georgia, we're ready to guide you through the entire process.
What Are the Benefits of Buying a Vehicle?
Investing in a new Lincoln near Atlanta by buying it means you’re building equity in your vehicle with every payment made. Though monthly payments can be higher compared to leasing, these contributions go toward the eventual ownership of your Lincoln. With full ownership, selling or trading in for a fresh experience is always an option, and the absence of contractual mileage limits allows you to explore without boundaries. Remember, however, that the car's resale value is influenced by its condition and mileage over time.
Why Should I Lease a Car?
Leasing can be the perfect option for those who seek a lower monthly payment and enjoy the thrill of driving a new Lincoln more often. While these payments don’t contribute toward ownership, they cover the vehicle's depreciation and rental for the lease duration. Mindful of the potential for early termination fees, leasing offers the flexibility to transition to a new vehicle at the end of your lease term, which can be as short as two years or as long as four years. Just be aware of mileage restrictions and wear and tear, which could incur additional costs.
Can I Negotiate My Lease Terms?
The answer is a resounding yes! Leasing terms at Allan Vigil Lincoln are not set in stone, and negotiating a lease that aligns with your requirements can lead to a more rewarding leasing experience. Items open for negotiation include the initial cost of the vehicle, the expected residual value at the lease's end, down payment size, value for trade-ins and even the mileage limit or purchase option.
How Do I Calculate My Lease Payment?
Understanding how lease payments are calculated is essential. The payment is primarily based on the negotiated cost of the vehicle after trading in, down payments or rebates, as well as the lease term you choose. The leasing company will estimate the residual value: the foreseen worth of your Lincoln at the lease's termination. From this, the depreciation over the lease term is determined. The monthly payment is then calculated by adding the estimated depreciation, rent charge, taxes and fees, and dividing this amount by the lease term.
For personalized assistance with calculating your lease payments or for any further inquiries about buying vs. leasing a Lincoln, contact Allan Vigil Lincoln in Morrow. Our team is committed to guiding you through each step, ensuring your journey in acquiring a new Lincoln is as luxurious as the ride itself.
Buying a Car
- Ownership: Pay for complete ownership of the vehicle and have its title in your name
- Agreement Terms: Vehicle is yours until you sell it
- Mileage Limits: No mileage restrictions
- Down Payment: Normally comes with a higher down payment
- Monthly Payments: Typically higher monthly payments
- Maintenance/Wear: Responsible for any repairs not covered in your warranty
- Customization: Customize your vehicle as you please
Auto Lease
- Ownership: Pay for use of your new car and upgrade to a new model once the lease reaches its maturity date
- Agreement Terms: Buy, upgrade, sell or return the vehicle
- Mileage Limits: Mileage restrictions are determined by lease terms
- Down Payment: Usually comes with lower down payments and less money upfront
- Monthly Payments: Generally lower monthly payments
- Maintenance/Wear: Required to get service according to lease term recommendations
- Customization: Customizing leased models is prohibited