Should I Buy or Lease?
Two Great Paths to Your Next Vehicle
Whether you're eyeing a capable GMC truck, a family-friendly Buick SUV, or a premium daily driver, the right financing path depends on how you drive and what you want long-term. Here's an honest breakdown of leasing versus buying from your trusted local partner on the Mississippi Gulf Coast.
Long & Short-Term Costs
Leasing
Leasing offers lower monthly payments off the bat, all other things being equal. You'll also spend less on taxes and down payments. If you start a new lease every few years, your payments won't change much over time — but you won't have to worry about escalating service or repair costs.
Financing
Financing gives you a chance to eliminate your monthly payment entirely once the vehicle is paid off, and buying used is often more affordable than leasing new. Drivers who pay off their financed vehicle spend less than those who keep leasing — though repair costs tend to grow as a vehicle ages.
In short: if you don't intend to keep your vehicle longer than three years and want the latest features, leasing might be better. If you're set on ownership, talk with our finance team.
Mileage & Restrictions
Those who finance with the intent to pursue full ownership won't have to worry about mileage limits or restrictions.
Those who lease will need to stay within certain strict boundaries, or pay a fee when their lease term comes to a close.
Find yourself taking long trips outside of Ocean Springs often? If you choose to finance, you won't be limited by the mileage restrictions of a lease — buying is better for frequent travelers. When you keep your Gulfport drives to local places, leasing could be a great fit.
Total Ownership & Customization
When you buy a vehicle (or finance its full cost), you can add whatever accessories catch your eye. You can also modify the vehicle more extensively with custom parts or upgrades if you choose — though doing so may void your warranty.
When you lease, you'll need to keep the vehicle as close to factory condition as possible. That's because the dealership still owns the vehicle and will need to resell it after it leaves your hands.
Freedom, Options & Processes
Financing Flexibility
Financing offers flexibility. You're locked into a contract, but you can sell or trade in the vehicle at any time (provided it's worth more than you owe). You may also be able to refinance for a lower rate down the line — and the vehicle is yours to keep for as long as you like.
Leasing Convenience
Leasing is easy and convenient. Just take good care of the vehicle, drive it back to our lease return center at the end of your term, and drive home in a new vehicle. You may also have the option to buy out the lease and bring your leased vehicle home for good.
Both paths are fairly straightforward. Just consider what you'll do with the vehicle once you're ready to move on. If you buy, you'll need to sell it. With leasing, you can return the car and lease another right away.
Explore Leasing & Financing Options at Mandal Buick GMC
Get the process started today — apply for financing or contact our team to learn more about the leasing process. No matter which you choose, we'll help you cruise through town in a model you'll love.
Still Have Questions?
Our finance team is happy to walk you through your options in person. Reach out today and we'll help you find the right fit for your budget and your Gulf Coast lifestyle.