Shopping for a new car comes with lots of decisions. First, you need to know what you want. Then, you should pick out the location. Hopefully, you find your way to Northtown Automotive. You should look for new or used offers to help you save. Locking down your favorite options is another thing to think about.
Many shoppers don't consider whether they plan to purchase or lease their next vehicle. Most don't even know the difference between the two choices. And that's ok. That is what our financing center is here for. Before you visit our team, let's give you a quick overview of the differences between these two options.
What is Financing
Financing is the official way to say you are borrowing money so you can own your car. When you choose to finance your next vehicle from Northtown Automotive, you will fill out an application. Shortly after, you'll receive a list of rates from our qualified network of lenders. You pick the rates and payment schedule that works best for you.
As you work to make monthly payments, ultimately, you'll pay the lender back. Once your obligations are met, the car is yours. You are responsible for regular maintenance and free to add accessories like stylish upgrades or bumper stickers boasting your favorite vacation spots or honor student. When you are done with the car, it is up to you to find a way to sell it off.
What is Leasing
Leasing is ideal for Buffalo, NY drivers who prefer to drive new cars or have new experiences every now and again. Essentially, it is like a long-term rental. You and our financing team will work out a deal for a determined amount of miles or years.
Once you approach those obligations, you can turn in the car for a new model and lease that one; you can extend your lease or end the lease process altogether. Leasing is a great option for drivers who experience lifestyle changes, like upgrading from a professional sedan to a family-friendly SUV or rugged truck. If you play it right, this could also be a more budget-friendly option.
Which option fits your lifestyle best? Perhaps it's time to talk with our financing center experts about this. We're happy to help you find the best car and shopping method for you and your family. Simply contact our specialists to learn more.
