Auto Loans Medfield, MA

Buy or Lease: Why People in Medfield, MA, Prefer Auto Loans

There are many debates among car-shoppers. Some of the things people argue about include which vehicle manufacturers are best, which models have the top performance and dependability, and whether it’s best to drive a new or used automobile. Another popular subject centers on buying vs. leasing. Both of these options present benefits and drawbacks. However, for certain people in Medfield, MA, auto loans are the way to go. Consider the pros of buying and decide if this makes more sense for you. 

You Won’t Pay Forever

One of the biggest reasons people enjoy leasing is that this option comes with smaller monthly payments. When you lease, you also pay less in taxes and registration fees. You may even get the dealer to cover your oil changes. The drawback is that as long as you lease, you’ll make a monthly payment. On the other hand, once you pay off auto loans, you never have to pay another dime (minus repair and maintenance, of course) on that car again. 

A Credit-Friendly Method

You won’t likely walk into a Medfield, MA, dealership with average-at-best credit and qualify for a lease. Dealers are strict about which shoppers can get into a lease, whereas, they’re much more lenient with loans. If you’ve made some financial errors, or if your struggles have sunk your credit, you still have a chance to get the car you need. Though you may have a higher interest rate, even customers with a spotty credit record can qualify for a car loan. 

Stop Worrying About Mileage

Leases come with mileage restrictions, but auto loans let you drive as much as you want. Of course, you should still be cautious about racking up too many miles since gas prices are high, and wear and tear can lead to hefty repair costs. However, you won’t have to stress about whether you’re going to pay a penalty for exceeding a certain mileage threshold. 

Love It and Keep It

Most leases last three years. At this point, if you want to continue leasing, you’ll get another car. While you’ll enjoy driving something new, you might not be ready to exchange your previous car. However, when you buy a car, you can hang onto it as long as you want and continue driving it in Medfield, MA. 

At Boch Hyundai, you can chat with a sales staff member about leasing and auto loans. The professionals here can help you make the right decision when you need a new car in Medfield, MA.
Categories: Pre-Owned Inventory

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