Leasing vs. Financing in Glenwood Springs, CO

Leasing

There are a variety of benefits to leasing your next vehicle, including its flexibility. If you choose to lease from Berthod Select, you can walk away with your next car with a lower down and monthly payment compared to auto loans since you're essentially only paying for the depreciation amount of the vehicle over the course of your lease term. Leasing is the perfect option if you need a temporary car or drive a consistent number of miles each year. Leases have mileage limits and limited customization options, so be aware of these contingencies when deciding whether to buy or lease your next vehicle. However, leasing might be right for you if you're looking for lower monthly payments and a short-term commitment. At the end of your lease term, you can choose to upgrade to a newer model, buy your car for the remaining residual value listed in your lease agreement, or simply turn the keys in and walk away. Get in touch with our team to learn more about all the ins and outs of leasing or for more information on our current lease offers in Glenwood Springs, CO.

Financing

Auto financing involves taking out an auto loan and paying it off over time. Unlike leasing, when you choose to finance your vehicle, you gain equity in the car that ultimately leads to ownership, so you get to keep the vehicle as long as you want. Buying your next car also allows you to skip the mileage limits and customization restrictions, so you can enjoy your vehicle however you'd like. Vehicle ownership will also enable you to sell or trade your car whenever, with no early termination fees. Explore our financing section on our website for additional resources, from a financing application to a trade-in estimator. With Berthod Select, financing your pre-owned car is easier than ever. Contact our Glenwood Springs, CO, today!