Buying vs Leasing | Cable Dahmer Cadillac Kansas City

    Buying vs. Leasing
Buying vs. Leasing…What’s the difference? Doesn’t it make more sense to buy a car than to lease one? It depends on what each person is searching for in their next great vehicle. We at Cable Dahmer Cadillac of Kansas City want to help you get there, and find which option best suits your needs.

        Questions To Consider
        Buying
        Leasing
      
        Who does the Vehicle belong to?
        You will own the vehicle once paid in full.
        Leasing is more or less a long term rental.
      
        Which option requires more money Up-Front?
        You can anticipate HIGHER Up-Front costs. This includes a large down payment, plus taxes, registration, and added fees.
        You can anticipate LOWER Up-Front Costs. This includes the first-month's payment, a security deposit, a down payment, taxes, registration, and added fees.
      
        What would my monthly payments look like?
        Monthly payments are generally much HIGHER because the cost includes the ENTIRE purchase price plus the added interest, financing charges, taxes, and other fees.
        Monthly payments are generally much LOWER because it ONLY includes the value for the period of time the vehicle is leased, plus any interest, financing charges, taxes, and other fees.
      
        What if I want to Trade-in or upgrade Early?
        As a buyer, it's your vehicle to sell or trade-in as you see fit. No worry on your end.
        We don't recommend returning your vehicle early. Early Termination fees can often equal the cost of maintaining your original lease agreement.
      
        Do I need to return the vehicle?
        NO, it is your vehicle to sell or trade-in as you see fit.
        YES, you will return the vehicle and pay any closing costs. At this time, you may purchase the vehicle or lease an entirely new one.
      
        Does my car hold future value?
        Though you do own the vehicle, its value only goes down over time.
        As a lessee, you'll always be driving the latest model. No need to worry about its future value.
      
        Does my mileage matter?
        You're free to drive as many miles as you like.
        There is set mileage limit per year. You will be charged for exceeding said limit.
      
        What is Excessive Wear and Tear?
        Not a big concern, but it may affect your vehicle's resale value.
        You may be charged additional fees if your vehicle is beyond normal wear and tear. Its best to find out from the dealership what they consider typical wear and tear.
      
        What happens at the end of my financing term?
        Your payments are done, which means NO MORE monthly payments.
        Ask yourself, do you want to extend your lease, buy the car, or lease a new vehicle?
      
        Can I customize my car?
        It is yours to customize.
        No, the lessor wants the vehicle in a sellable condition upon return.
      
        SUMMARY:
        Buying a vehicle gives you the power to drive what's yours without worry or concern about the mileage limit.
        Leasing a vehicle provides you with the newest vehicles at a fraction of the cost. And when it’s time, you can easily return your vehicle without worry.
    
Seeing the pros and cons of both leasing and buying can help you make an informed decision on which option suits your needs. We at Cable Dahmer Cadillac of Kansas City are here to help. We want to provide you with all the information you need to decide which fits exactly what you’re looking for.

Buying vs. Leasing

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INVENTORY

Questions To Consider	Buying	Leasing
Who does the Vehicle belong to?	You will own the vehicle once paid in full.	Leasing is more or less a long term rental.
Which option requires more money Up-Front?	You can anticipate HIGHER Up-Front costs. This includes a large down payment, plus taxes, registration, and added fees.	You can anticipate LOWER Up-Front Costs. This includes the first-month's payment, a security deposit, a down payment, taxes, registration, and added fees.
What would my monthly payments look like?	Monthly payments are generally much HIGHER because the cost includes the ENTIRE purchase price plus the added interest, financing charges, taxes, and other fees.	Monthly payments are generally much LOWER because it ONLY includes the value for the period of time the vehicle is leased, plus any interest, financing charges, taxes, and other fees.
What if I want to Trade-in or upgrade Early?	As a buyer, it's your vehicle to sell or trade-in as you see fit. No worry on your end.	We don't recommend returning your vehicle early. Early Termination fees can often equal the cost of maintaining your original lease agreement.
Do I need to return the vehicle?	NO, it is your vehicle to sell or trade-in as you see fit.	YES, you will return the vehicle and pay any closing costs. At this time, you may purchase the vehicle or lease an entirely new one.
Does my car hold future value?	Though you do own the vehicle, its value only goes down over time.	As a lessee, you'll always be driving the latest model. No need to worry about its future value.
Does my mileage matter?	You're free to drive as many miles as you like.	There is set mileage limit per year. You will be charged for exceeding said limit.
What is Excessive Wear and Tear?	Not a big concern, but it may affect your vehicle's resale value.	You may be charged additional fees if your vehicle is beyond normal wear and tear. Its best to find out from the dealership what they consider typical wear and tear.
What happens at the end of my financing term?	Your payments are done, which means NO MORE monthly payments.	Ask yourself, do you want to extend your lease, buy the car, or lease a new vehicle?
Can I customize my car?	It is yours to customize.	No, the lessor wants the vehicle in a sellable condition upon return.
SUMMARY:	Buying a vehicle gives you the power to drive what's yours without worry or concern about the mileage limit.	Leasing a vehicle provides you with the newest vehicles at a fraction of the cost. And when it’s time, you can easily return your vehicle without worry.