Both leases and loans offer unique benefits, so you will have to see which advantages match your lifestyle best. However, you won’t have to go at it alone since our team of finance experts in Troy is here to help. We have streamlined the financing process, allowing you to save money and time at our dealership.

Explore the advantages of leases and loans to discover the best match for your driving needs around Birmingham.

Is a Lease or Loan Better?

Neither a lease nor loan is objectively better than the other. However, one option may be better for your lifestyle and budget. We serve Bloomfield and beyond by offering transparency and the information that you need to make a decision with confidence. Whether you choose a lease or loan is best, we can help you find affordable rates with our excellent relationship with major lenders.

To help you get a better sense of which option would be best for you, consider the benefits of both leases and loans.

Why Choose a Lease?

Many Royal Oak drivers choose to lease for the lower rates and short-term commitment. With a lease, you don't have to worry about a long-term commitment and paying off the entire sticker price. Instead, the primary cost is the depreciation of the vehicle during your term, and you can transition to a new car easily every two to three years.

If you're interested in the latest features and technology, leasing allows you to get behind the wheel of a new Jaguar while saving money. The extra flexibility in your budget makes it possible to enjoy a higher trim level or a package that will make your daily driving around Troy that much better. There are often incentives to lease so that there is less money required upfront and sometimes no down payment.

We routinely offer new Jaguar lease deals, which include exciting savings for our top models.

When it's time to move onto your next vehicle, and your term is up, you can avoid the hassle of trading-in or selling and just return the car to our dealership. From there, you will be free to find your next car to lease.

If you're leasing a new Jaguar model, you will likely have coverage for the duration of your term, so any covered repairs and replacements won't be shouldered by you.

Top benefits of leasing include:

  • Buy a new car for less
  • Your money goes further toward the features you want
  • Build good credit
  • Transition to a new car every few years
  • Pay less is sales tax

Why Choose a Car Loan?

Those who loan are in it for the long-term benefits. If you have the budget to keep up with the monthly payments and want a car to rely on for many years to come, then taking out a loan is the best option. The monthly payments are higher, but you will eventually save money when you have no payments.

Buying a car also makes it possible to build equity and sell your car early without worrying about breaking a contract. Whether you want to paint your car your favorite color or modify something under the hood, buying grants you the freedom to do as you please. You can also sell or trade-in your vehicle to make your next lease or loan more affordable.

Explore Your Options at Jaguar Troy

Learn more about the differences between a lease and a loan. If you have any questions, our finance team is here to help out. Get started online with our tools and resources to save yourself time on-site!

Categories: Finance, New Inventory

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