The Pros and Cons of Getting a Car Loan or Lease
Some of the most common questions among car shoppers at our dealership in Wayland near Boston have to do with car financing, which makes sense as it is one of the trickier aspects of buying a new luxury car. Well, for those soon-to-be exotic car owners that are trying to decide between leasing their next Maserati or getting a car loan to buy it outright, we've put together a pros and cons list of the two ways you can finance your Maserati. See the differences between the two below!
New Maserati Leases
Pros
- Lower monthly payments and less expensive in the short term
- Warranties can cover repairs and maintenance for the duration of your lease
- If you don't find the model right for you, you can get a different one at the end of the lease
Cons
- You can't modify the car to your liking
- You don't own the model at the end of the lease
- There are mileage limits that will cost you extra if you go over
Getting a Loan to Buy
Pros
- You own the car from the start and can change it how you like
- More cost-effective in the long run
- Drive it as much as you want
Cons
- Higher monthly payments
- You'll have to cover all repairs once any warranties are up
- Harder to switch out a car you bought for a newer model
Which One is Right for You?
Obviously, your financial plans will play a big part when deciding between the two car financing options, but if you want your new Maserati now and don't want to pay as much monthly, leasing is the way to go. If you know your Maserati will be the one you have for a while, getting an auto loan saves you money in the long term while also allowing you to customize it and drive as many miles as you want. Still have some questions? Car shoppers around Massachusetts in need of help with auto loans can find the answers they need with the finance tools and experts of our Maserati finance center, so be sure to check out all we offer!
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Herb Chambers Maserati
A Herb Chambers Company
Local Auto Finance Center Offering Maserati Leases and Loans
Serving: Wayland, MA & Wellesley, MA
Local Phone: 508-538-1289
Directions to Herb Chambers Maserati527 Boston Post Rd Rte. 20, Wayland, MA 01778