Buying vs. Leasing at Orange Coast FIAT

 

Not Sure if You Should Purchase or Lease a New FIAT? We're Here to Help You!

If you're ready to add a new FIAT model to your driveway, congratulations! You have a couple of possibilities to consider. Here at Orange Coast FIAT, we have financing and leasing options to ensure that you find your ideal FIAT model at a price you can afford. Since purchasing and leasing have their pros and cons, we're here to tell you the benefits of each option before you decide.

Here are Some of the Perks of Buying a New FIAT

Purchasing a FIAT comes with many benefits. For starters, you will have plenty of freedom. For starters, you can change the exterior color, add-on accessories, and other cosmetic changes to suit your style. You will never be limited by mileage restrictions, meaning, you can take quite a few road trips if you please. In the long-term, purchasing a new FIAT is usually more economical. You will most likely spend less on one auto loan than you would leasing multiple cars. Since you're the owner, you can also sell or trade-in your vehicle on your terms.

Downsides of Buying

Of course, there are disadvantages with purchasing a car, but like we said, it's important to explore your options. As your car gets older, it will need more service and maintenance, which may end up being costly. When your warranty expires, you are going to have to pay for any service repairs out-of-pocket. A few years from now, if you decide to sell your vehicle, this process falls to you. New vehicles are a big investment since they depreciate over time, so regaining your initial investment probably will not happen.

Here are Some of the Perks of Leasing a New FIAT

Leasing provides certain perks you won't get if you choose to buy your vehicle. You can have the flexibility of driving a new FIAT 500 hatchback or 500X SUV every three years. If you have had your eye on an expensive model but don't want to put down your entire savings, you can lease a new FIAT without spending money on the entire purchase. And because most cars are back up by a manufacturer's warranty, you won't have to break the bank with costly repairs. Leases are well-known for their straightforwardness. When the term ends, you will return your model to at Orange Coast FIAT and, if you desire, exchange it for a brand-new FIAT.

Downsides of Leasing

Leasing a vehicle means you're not the owner of the car. Some people may ask - why pay for something that you're not going to own? Leasing is a great option if you would rather have a short-term commitment, but it doesn't make sense if you want the car years down the road. Most leases come with restrictive terms. Mileage limits can be a problem if you are someone who drives long distances. In the end, you could face a heavy penalty if you go over your miles. You can also experience charges if the car is returned at the end of your lease term with extreme damages, forcing you to spend even more money on repairs.

In the end, it's all up to you. Buying or leasing a new FIAT comes down to your wants, needs, and budget. At Orange Coast FIAT, our team of finance experts will work with you obtain the financing option that works for you.

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