Finance Center

Leasing:

• Many Blue Springs drivers prefer leasing because of the lower monthly payments. Often, there is no requirement of a down payment at all, which is great if you don’t have a lot of capital to play with. Sales tax may also be lower or non-existent.
• With leasing, you’ll always be on the cutting edge. Between the latest technology and lower payments, you’ll have access to the best the manufacturer has to offer.
• When you want an upgrade from one lease to another, there’s no negotiating between trading in or selling your previous car. It’s as simple as paying any remaining owed and any possible fees, then moving on and up!
• Drivers with less-than-ideal credit may prefer leasing because it can be easier to obtain approval than with a car loan.
• Leasing does come with certain stipulations like mileage limits, but if you adhere to the lease agreement, your warranty coverage will protect your car in case of needed service.

Buying:

• With auto loan financing, customization has no limits. Whether you want to paint a mural on the side of your vehicle, or you simply want the best parts and accessories to tailor your driving experience, it’s entirely up to you.
• When you buy your next vehicle, you don’t have extra stipulations on returning it.
• Auto loan financing also means there are no mileage limits. That road trip to see old friends is entirely up to you and your schedule.
• Drivers typically find that buying is more straightforward than leasing. You can even begin your application from the comfort of your Independence home today!
• You can also sell or trade in your car whenever you want an added value to your upgrade.

In sum, buying vs. leasing is an age-old question that car shoppers from Kansas City to Blue Springs face. But really, buying and leasing are just two different types of auto financing solutions!

As a reminder, auto financing involves purchasing a car and dividing its cost out over a certain period of months, plus interest. Once paid off, you own the car. An auto financing agreement is to a car what a mortgage is to a home. Auto leasing, on the other hand, involves paying for a portion of the car’s value over a period of time, then returning it once you finish making payments. An auto lease is to a car what a lease or rental is to an apartment or home.