At Ricart we are dedicated to providing you with the best car buying experience in Columbus Ohio. So instead of talking about how amazing we are, and telling you how close and convenient to downtown Columbus we are or how many of our dealerships have 4.8 out of 5 star ratings, we want you to read what others say about us. We care about your experience and don't just take our word for it. With over 2,000 reviews you can see for yourself our level of dedication to your experience.
Did you know, drivers have several options when it is time to buy a new vehicle; two of the most common options are buying that new car in the driveway or deciding to lease it. When it comes time to decide we are here to help you weigh out the advantages and most importantly help tailor your buying decision to match your personal preference and driving needs.
Every situation we encounter is different, lets take an inside look at some of the advantages of both buying and leasing so we can help you make an informed decision when you choose to start shopping for a new car.
Advantages of Buying
When you buy a vehicle one of the biggest advantages is complete ownership. It is your car/truck and you can decide to Customize, Paint, and accessorize it as you please. If you tend to drive long distances to commute you will probably be best deciding to purchase the vehicle, outright. If you choose to buy new and take out a car loan, when that loan is up you are free to trade in the vehicle on another car or keep it for yourself, free and clear with no payments. Generally, if you keep your vehicle for five years or more, than purchasing is most likely the smart choice.
Advantages of Leasing
One of the biggest advantages of leasing is the significantly reduced monthly payments and little to no down payments required. The monthly savings can be substantial, but that's not the biggest advantage when you choose to lease. While it is true that people who lease don not own the vehicle at the lease end, they do have the opportunity to buy the car at a predetermined price. The finance company makes the purchase price for the leased car/truck at the inception of the lease, which offers lessees several significant advantages.
Leasing helps to protect the consumer from rapid depreciation. If the value of the car in the market falls due to unforeseen circumstances, such as the price of gas going up, this drop in value doesn't hit the lessee and falls on the finance company. On the flip side, if the vehicle holds its value better than expected the consumer has the option to purchase the vehicle outright at a bargain price and either keep it or choose to resell it. In some cases consumers can leverage the equity they have built up in a leased car, on another vehicle purchase.
savvy people who love cutting edge tech, leasing a vehicle gives you the option
of driving new cars that might otherwise be affordable.