Factors to Consider for Buying or Leasing a New Car

When you decide to embark on the journey of getting a new vehicle, you need to have a firm idea of realistic financing options. To drive away with the car of your choice, you must apply for a loan or a lease within your budget. Both options may require you to directly come up with down payments and other fees for taxes, registration, titles and optional services like extended warranties.

If you're looking for relatively low monthly payments for a new car, then a lease is the right way to go. However, your annual mileage might be limited according to the lease terms. A car that's purchased with a loan gives you the freedom to drive unlimited miles. Although you're not restricted on the mileage in such a car, be aware that depreciation rates are likely to be linked to the odometer reading.

Visit our dealership today at Gary Lang Chevrolet to discuss the best financing options that are available for a new car.

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