Should You Buy a Used Luxury Car or Lease One in Spartanburg? Find Out
Many argue that when it comes to luxury cars, you should always lease one. After all, you will want the latest tech and the latest comfort if you are buying an Acura or a Mercedes. But luxury used vehicles for sale in Moore, SC does make a strong case. In fact, residents of the Spartanburg county seem to prefer buying their luxury vehicles used rather than leasing a brand new one and showing of the modern features. So, what should you do? Just neglect all the expert suggestions and buy used? Or, give in to the allure of driving the latest luxury vehicle and lease one? The answer, in reality, is quite simple.
Lease if you want a new luxury vehicle every 3 years
And you are okay with this ongoing cycle. To lease a 2020 Audi A4, you will have to pay around $370 monthly for 36 months (3 years) along with a due at signing sum of $3,700. After 3 years, you might want a 2020 Cadillac XT5. Now, your amount will stand at $390 for 39 months (3 years and 3 months) with around $4,400 due at signing. In the total 6 years term, you got to ride two new luxury vehicles. The monthly lease payments were not that high as well. However, you also paid an overall sum of $35,500 and you do not own any of the cars at the end of the term.
Buy luxury used cars in Spartanburg if you want ownership
The market rate now of a 2015 Lexus GS is around $25,000. The 2016 BMW X1 is even cheaper. For $30,000, you can buy a 2017 Genesis G80 and will not be able to tell the difference with the new Audi A4 on grounds of luxury. Even if you add the financing expenses and the interest rates, the overall price will remain at par with what you paid while leasing, and at the end of everything, you will get to keep the car in your garage. The best part, auto credits have an end-term. Leasing do not. After 6 years, you will have to lease again and pay again while buying stops the monthly outflow.
So, buy and not lease
Be it luxury used cars or used trucks in Spartanburg, SC. In no way, does it make financial sense to lease similar features in a new car rather than buying them in just a 3-year-old model. You always end up paying more when you lease as the need for a car is not just going to vanish after a few years. Decide now and decide right. Visit the best used car dealership today.
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