Purchasing a new car is an exciting experience, but it also involves making some big financial decisions. At Jeff Wyler Fairfield Cadillac in Fairfield, we want to help you weigh your options for financing so you can find the optimal plan for your needs and budget.
Weigh the Advantages of an Auto Loan
Getting a loan through a dealership is one of the most common ways to finance a new car purchase. Auto loans allow you to pay off the vehicle over time, typically with a monthly payment schedule over 3-6 years. This scenario spreads out the cost to make it more affordable for Milford drivers.
One of the big benefits of an auto loan is that when the loan gets paid off, you own the car free and clear. You also have the flexibility to choose your optimal loan length and the option to pay extra each month to pay it off faster.
Are There Benefits to Leasing a Vehicle?
Leasing has become a popular option for Florence drivers who want lower monthly payments or like driving a new car every few years. With a lease, you essentially rent the vehicle for a contracted period of time, usually 24-36 months. At lease end, you return the car instead of owning it.
Monthly payments are typically lower with a lease because you are only paying for the vehicle's depreciation during the lease, not the full car price. Leases usually have mileage limits, however, and you'll pay fees for excess wear and tear when turning in the car.
Leasing may make sense for Dayton drivers who want a lower payment, like driving new vehicles frequently, or only need a car temporarily. You'll want to understand the lease terms fully before signing.
Secure Your Auto Loan or Lease Through Our Dealership
The finance team at Jeff Wyler Fairfield Cadillac can guide you through all your auto financing options to find the right plan. We work with multiple lenders to get Cincinnati area drivers competitive pre-approval. This step makes the buying process easier and faster. We want to set you up for success, whether you choose a loan or lease from our many auto financing options.
To start the car buying journey, browse our new Cadillac inventory and schedule a test drive at our dealership near Mason. Our dealership is here to exceed your expectations. Reach out to us to start a conversation about financing or leasing your next new Cadillac vehicle.
