Are you interested in getting the 2023 Wagoneer but need help deciding between a Wagoneer lease or buying the new SUV? We have put together the benefits of both options to help you make the best decision that fits your budget. Here’s what to know about buying and leasing a new car.
Benefits of Buying a Car
When you buy a car, you usually put a down payment and borrow money from a bank, credit union, or other lending institution and make monthly payments. Once you’ve paid off the car, it’s yours. The benefits of purchasing a vehicle include the following:
- Sole ownership of the vehicle—you can sell it, customize it trade it in for a new car, or give it to someone
- You can build equity
- No mileage limits or wear-and-tear charges
Benefits of Leasing
Leasing means you will have the vehicle for a limited time period. This period usually lasts between 36 to 48 months and the vehicle must be returned at the end of the lease.
While there are restrictions to the number of miles you can drive during your lease, there are also many benefits when choosing to lease. The advantages of leasing the 2023 Wagoneer include:
- Lower monthly payments
- Worry-free maintenance since the vehicle is typically still covered by its original warranties
- Low or no down payment
- You can consistently upgrade to the latest model without having to worry about trading in or selling your vehicle
Visit Brunswick Auto Mart
Want to learn more about your financial options for getting the 2023 Wagoneer? One of our dealers at Brunswick Auto Mart will be happy to answer your questions and help you secure a lease or auto loan.
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