Should I Buy or Lease a Car Near Boston, MA?

Should I Buy or Lease a CarNear Boston, MA?

Struggling to decide between buying or leasing a new vehicle? While there are many advantages to both, at the end of the day, what matters the most is finding which option is right for you. At Mirak Chevrolet, we would be happy to walk you through the benefits of buying vs. leasing a vehicle. And with several outstanding Chevy SUVs, trucks and EVs to choose from, we're certain you'll drive home in a car you love.

We're dedicated to serving Massachusetts Chevy enthusiasts with honesty, transparency and respect, so don't hesitate to stop by our Chevrolet dealership near Boston with any questions you may have. Whether you're interested in a Chevy Blazer or Silverado 1500, we'll guide you through the car-buying or -leasing process step by step.

Couple at car dealership getting keys to new car

See our buy vs. lease comparison chart below to find which option best fits your needs!

Buying a Car

  • Ownership: Pay for complete ownership of the vehicle and have its title in your name
  • Agreement Terms: Vehicle is yours until you sell it
  • Mileage Limits: No mileage restrictions
  • Down Payment: Normally comes with a higher down payment
  • Monthly Payments: Typically higher monthly payments
  • Maintenance/Wear: Responsible for any repairs not covered in your warranty
  • Customization: Customize your vehicle as you please

Auto Lease

  • Ownership: Pay for use of your new car and upgrade to a new model once the lease reaches its maturity date
  • Agreement Terms: Buy, upgrade, sell or return the vehicle
  • Mileage Limits: Mileage restrictions are determined by lease terms
  • Down Payment: Auto leases generally come with lower down payments and less money upfront
  • Monthly Payments: Generally lower monthly payments
  • Maintenance/Wear: Required to get service according to lease term recommendations
  • Customization: Customizing leased models is prohibited

Buy vs. Lease FAQ

Can I return a lease early?

Yes! If you are considering returning an auto lease early, speak to one of our lease professionals. We will be happy to walk you through the specific terms of your lease and discuss what options may be available.

What mileage restrictions do lease options have?

While typical annual mileage does not usually exceed between 12,000 to 15,000 miles each year, mileage restrictions can vary based on the terms of your lease. Exceeding these mileage restrictions will accrue an additional charge at the end of your lease.

What maintenance is required when I buy a car?

Routine maintenance such as oil changes, tire rotations and more are your responsibility. Though some repairs may be covered within your warranty, other repairs caused by wear and tear over time, such as brake service and transmission repairs, may also be required.

Can I customize a leased vehicle?

No, leased vehicles can't be customized or altered in any way. If you're interested in having creative control over the accessories in your vehicle, you have the option to upgrade or end your lease and consider our auto loan options instead.

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