• 2019 Jaguar E-Pace SUV

Leasing vs. Financing

DFW area drivers looking for a new Jaguar vehicle might be weighing the best financial options. The debate comes down to what is right for you: leasing or financing? There are a lot of factors to consider when deciding the right path for you, like your current financial situation, how much you can afford monthly, and depreciation. Let’s take a look at the benefits of both options so you have a better idea of your prefered path when you stop by Jaguar Fort Worth for that next car!


Leasing: Benefits and Downsides

If your decision is based solely on price, especially in terms monthly payments, then leasing is likely the best option for you. In terms of the positives linked to leasing a vehicle, you can look forward to benefits such as:

  • Lower monthly payments
  • Can usually make a much lower down payment
  • Can upgrade to a new model every year or so
  • Warranty covers most repair needs

Should you choose to lease a vehicle, it should be noted that there are potential downsides to leasing a vehicle. Because leasing is more akin to renting a vehicle, there are more stipulations towards what can and can’t be done and/or covered for that particular vehicle. When considering leasing, keep the following in mind:

  • Costly insurance
  • Mileage limits
  • Penalties for breaking contract early
  • Not a true ownership of the vehicle
Jaguar Xf sedan

While an enticing financial option at face value, make sure you understand all that comes along with leasing a vehicle before diving in on one of our national lease offers. Leasing can provide financial peace of mind, but keep in mind the finer details when considering this option!

Financing: The Ups and Downs

Financing a vehicle goes hand-in-hand with purchasing the vehicle. Dallas-Fort Worth area drivers who feel they are financially ready to buy a vehicle will want to look into financing. Purchasing and financing a vehicle comes bearing a lot of benefits, such as:

  • More flexibility when choosing insurance
  • No penalties for selling vehicle
  • No mileage limits
  • True ownership after its paid off

For those who like to tinker and customize their vehicle, another added benefit of buying and financing is the ability to modify and customize your vehicle without risk of interfering with the contract. But just like leasing, purchasing and financing your vehicle also comes with some things to keep in mind. While not necessarily negative aspects, they should be noted when considering your options:

  • Dealing with vehicle depreciation
  • No ability to trade-up by year
  • Larger cost for maintenance over time
  • Higher down payment
  • Generally higher monthly payments
2019 Jaguar F-Type Convertible

When it comes down to it, the decision between leasing vs. financing doesn’t have an objectively clear answer. The decision is personal and based on factors such as financial status, needs, insurance, and more.

Figure Out Your Next Purchase With Jaguar Fort Worth

Our expert finance department is ready to help everyone in the DFW area with their financial needs. Remember to always look at your own finances and needs before deciding how to acquire your next car. Everyone has different needs and resources, so figure out what is right for you! If you have any questions, like whether you can lease a used car, or want to schedule an appointment, please feel free to contact us today!

Autobahn Jaguar Fort Worth 32.7595414, -97.3595309.