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  • LAKEVILLE: (952) 469-4444
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  • NEW PRAGUE CHEVROLET: (952) 758-4488

Minnesota's #1 Volume Chevrolet Dealer in 2013, 2014, 2015
Midwest's #1 Volume Dodge Dealer in 2014 & 2015

Info

Buying Vs Leasing

 
When it comes to buying or leasing a vehicle the options can be confusing. To help you make an informed decision we've provided the information below. A side by side comparison of pros and cons for each purchasing option.

If you have additional question's that aren't addressed in the information below please contact us. We simply want our shopper's informed on all their vehicle purchasing choices.

  


 BUYING
 LEASING
 
Who Owns the Vehicle

Whether you pay for the car with cash, or finance it and make payments, either way it's yours. Of course, if you're financing it, you'll have to meet the obligations the lender requires, like certain down payment amount and timely monthly payments. If you don't, they have the right to reposes it.



Up-Front Cost

If you're financing your vehicle, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender's requirements and your individual credit score.



Future Value

Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)



End of Payments

Once you've paid off what you owe on your contract, that's it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours. 



VS







VS







VS







VS
 Who Owns the Vehicle

Whether you pay for the car with cash, or finance it and make monthly payments, either way it's yours. Of course, if you're financing it, you'll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don't, they have the right to repossess it.

 

Up-Front Costs

 

If you're financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender's requirements and your credit score.

 

Future Value

 

Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)

 

End of Payments

 

Once you've paid off what you owe on your contract, that's it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.

   
 

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