Lease or Buy a New Cadillac: Which One is Right for You?

by | Apr 30, 2019 | Auto Dealers

When it comes to getting a new Cadillac, you have options. You can get a Cadillac lease in Joliet or purchase it.

If you’re thinking about buying a car, you should explore your options. This information can help you decide if leasing or buying a Cadillac is best for you.

Facts About Leasing a New Cadillac Vehicle

Each year, millions of people lease a new Cadillac vehicle. Here are facts about leasing a car that you should know.

  1. Car leases offer lower monthly payments than purchasing a new car. Lower monthly payments provide you with the opportunity to drive an expensive car for a smaller car payment.
  2. You may be able to receive a tax break from the IRS when your business leases a new car. For more information about vehicle leases and tax benefits, you should consult a tax professional.
  3. You can lease a car for as little as 24 months. This is a good option if you like to upgrade your cars frequently.

Facts About Buying a New Cadillac Vehicle

Purchasing a car offers advantages and drawbacks. Here are facts you should know about purchasing a new car.

  1. Monthly payments are higher than lease payments. If you finance the full amount of the vehicle, you will have higher monthly car payments.
  2. You won’t be able to upgrade your vehicle frequently. Unlike new car leases, it can be challenging for you to upgrade your vehicle without losing money.
  3. New cars can depreciate quickly. When you lease a car, you won’t have to be concerned about vehicle depreciation.

Want to explore your Cadillac lease Joliet options at Hawk Cadillac? Visit our dealership today.

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