Man filling in card details with a toy car and calculator in front of him

Leasing vs. Financing: Which Is Better?

Should I Lease or Finance My Car? 

The choice between buying and leasing a vehicle is a tough call. In the current market, where production slowdowns, inventory shortages, and high dealer markups have risen, navigating this choice has become even more difficult. For one thing, fewer cars to lease in 2022 have made leases costlier, negating one of the biggest pluses of leasing. Still, there are deals to be made. And many consumers prefer leasing. However, if you’re one of those shoppers who is debating— “should I lease or finance my car”—this blog by Broadway Auto Credit in Green Bay, WI, is for you! 

Stamping a loan application with a hand holding the key
A happy couple talking to each other with papers on the table

Pros and Cons of Leasing a Car 

Because a leased vehicle is rented for a limited period, the monthly costs are lower than purchasing outright. Leasing allows you to replace your car every few years, even as you maintain relatively low monthly payments. However, if you lease a vehicle, you must adhere to strict mileage limits and keep the car in spick-and-span condition.  

Pros and Cons of Financing a Car 

Financing a car means you purchase the vehicle by securing a loan through a bank. This loan will extend over a specific time and require monthly payments toward both the principal and interest. By financing the car, you are buying it. You have complete ownership of the vehicle. Thus, you can improve or modify the interior and undertake service and repairs on your timeline.  

Finance Your Next Vehicle in Green Bay, WI  

If you’re looking to finance your car in Bellevue, Allouez, and Green Bay in Wisconsin, you can visit us at Broadway Auto Credit. Irrespective of your credit situation, we will ensure that we find the best deal for you. For any queries, feel free to contact us at 855-395-2129.  

Read more: Where can I get online pre-approval for auto-loans for used cars near the Green Bay area in Wisconsin?