Leasing vs. Buying

Leasing a Jaguar

Leasing is becoming a more mainstream option as vehicle prices rise, and everyone from college grads to families can take home their dream car more easily with Jaguar leasing offers at Jaguar Cincinnati.

What are some benefits of car leasing?

• When you lease a vehicle, you only finance the depreciation of the vehicle rather than the full cost, which typically translates into lower monthly payments and smaller down payment requirements.
• The total cost of ownership and vehicle service is more predictable since the majority of required repairs will fall under warranty for the life of the lease.
• Leasing also allows you to acquire a new car at the end of the lease term (every few years), keeping you on top of the latest technology like Jaguar InControl® Apps™.

What are some drawbacks to leasing a car?

• There is a limit on the total miles you can drive your vehicle, and hefty fees if you exceed that limit.
• When you lease you are basically renting a vehicle so you don’t earn equity in the vehicle.
• Lessees are often limited by their credit as it is difficult to obtain a lease without good credit.

It is important for lessees to read the fine print of a lease carefully to avoid any hidden fees.

Buying a Jaguar

Another option for Lexington, KY and Cincinnati drivers is buying a new Jaguar. Buying is a good option for drivers tend to keep their cars for a long time. Pros and cons of buying a vehicle include:

• Pro: At the end of the loan, the buyer owns the car outright with no additional costs.
• Pro: You have a wider selection of new, used, and certified pre-owned models to choose from
• Pro: There are no mileage restrictions for buyers.
• Con: Some dealerships require sizeable down payments, as much as 10-20% down. This can also result in longer loan terms to help keep payments more affordable.