Lease & Loan Options

Need Help with Financing Your Next Vehicle? Weigh Your Car Loan and Auto Leasing Options at New Motors, Serving Fairview and Beyond

Financing your vehicle can make the difference between the car of your dreams and something that is not what you were looking for. At New Motors, our team of finance experts knows the value of finding finance options that meet the needs of our customers. We recognize that this process can be confusing, and that is why we like to give advice and help whenever we can.

If you are new to financing your vehicle or could use a refresher, allow us to go over some of the basics for loans and leases. It is our hope to provide some information that allows drivers to have a clearer sense of what would be best for them.

Loans

What are the top reasons why you would want to loan? Let's run through some of the benefits:

• After you are finished paying off your loan, you own the car. After that, you can do whatever you choose with it.
• Since your vehicle is not owned by a leasing company, you can drive as much as you like without worrying about putting too many miles on your car.
• You can sell your car to have it go towards your next purchase.

Leasing

Considering a lease also takes looking at your finances to decide on the right choice. Some of the benefits to leasing include:

• The biggest selling point for leasing your car is that you will likely have lower monthly payments than if you got a loan for the same car.
• With a lower monthly payment, drivers can choose to put that money saved towards a higher trim level or more features.
• Often, you will also have a smaller down payment.

There are a lot of additional factors that play into choosing between a loan or a lease, but a good place for Meadville drivers to start is considering if their budget is better suited for a short-term or long-term investment. If you need monthly payments to be low, then leasing is a good option. If you want to save money in the long run, then a loan might be the best option.

Our finance department in Erie is prepared to help you navigate aspects of financing like these to help you find the best solution. Contact us to get the process started or feel free to visit us in person, and we would be happy shake your hand and walk you through your options.