When it comes time to buy a new GM model, you have two options: do you want to lease it or buy it? Both choices are great, it's beneficial to know which one will work best for your lifestyle. Also, there are downsides to both. It's up to you which one you find the pros outway the cons. Anything you are unsure of, our finance department can help you come to a conclusion for which plan would work best for you.
Pros of Leasing
  • Usually lower payments/down payment may not be needed
  • Driving a new car with modern technology
  • Repairs are typically covered by warranty
  • Easy to return after lease
  • Options to consistently drive the newest cars on market
Pros of Buying
  • Do not have to be worried about wear and tear
  • No mileage restrictions
  • Can make any modifications on car
  • Gain equity
  • Own the vehicle as long as you want
Cons of Leasing
  • Mileage restrictions. If you go over, you'll have to pay fees
  • Cannot make modifications to vehicle
  • Vehicle needs to be free of dents or damages to car or you will be charged for repairs
  • Not building equity on car while leasing
  • Challenging to get a lease with a bad credit score
Cons of Buying
  • Typically higher payments than leasing
  • Not getting newer models with advanced technologies
  • Can be a hassle to sell it
  • Can develop negative equity
  • If you stretch the loan, you could accrue interest
While each method has its advantages and disadvantages, it's up to you to figure out which one would be the best for you. We'd be happy to discuss these more in detail and assist in coming to an informed decision. We realize buying a new car is a stressful time; our goal is to make this process as seamless as possible so you look forward to driving your vehicle every time. If you would like to see our inventory and talk to our finance department, please contact Dralle Chevrolet Buick GMC at (815) 432-4948, where we serve Watseka, Bourbonnais, Kankakee, Milford, St. Anne, Clifton, and Chebanse area shoppers.