Buy vs. Lease

Advantages and Disadvantages of Buying and Leasing

There's no feeling in the world quite like getting behind the wheel of your brand new vehicle. When it comes to purchasing that vehicle, there are two main methods: buying and leasing. Understanding the advantages and disadvantages of each method will make choosing one or the other a much simpler process. 

Advantages of Buying

Buying a brand new vehicle makes the vehicle yours to modify. You can change or add whatever you like to the vehicle. That is, as long as it is street legal! A purchased vehicle is yours for as long as you want it, while leased vehicles are only kept for a few years.

Disadvantages of Buying

Initial warranties do not last all that long on a brand new vehicle, meaning you will start to see warranty rates increase very soon. You will also spend more when you buy a new vehicle (though if the vehicle lasts long enough, you could save money over time).

Advantages of Leasing

Warranties on leased vehicles tend to last for the entirety of the lease. That means no out-of-pocket costs for your vehicle's health. You also do not take a hit on vehicle depreciation.

Disadvantages of Leasing

The tradeoff to this is that you cannot alter the vehicle or add anything to it for the entirety of the lease. There are also mileage limits to leased vehicles.

For more help with this decision, come visit us at Dick Dyer Volvo. We'd love to help you out! Dick Dyer Volvo is located at 5825 Two Notch Road in Columbia, SC .


Dick Dyer Volvo Cars

5825 Two Notch Road
Directions Columbia, SC 29223

  • Sales: 803-786-8888
  • Service: 803-786-9919
  • Parts: 803-786-8888

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  • Wednesday 09:00 AM - 07:00 PM
  • Thursday 09:00 AM - 07:00 PM
  • Friday 09:00 AM - 07:00 PM
  • Saturday 09:00 AM - 06:00 PM
  • Sunday Closed
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