Leasing vs. Buying a Jaguar
Few luxury automobiles can rival the Jaguar for its combination of beauty, sophistication, and performance. For decades, Jaguar has been considered one of the elites of the automotive industry, and customers covet their cars for good reason. When it comes to attaining a Jaguar of your own, you have two options for acquiring a car. You can either lease a or purchase the Jaguar of your dreams.
While both options have their advantages, the choice of whether to lease a new car or buy one of the used Jaguars for sale in Houston, TX, is largely a personal one. While a lease may work better for one individual, another customer may be better served by purchasing a pre-owned Jaguar. Before you begin exploring lease options or searching for Jaguars for sale, you should know the differences between leasing and purchasing. Read on to find out the pros and cons of both leasing and buying a Jaguar.
When you lease a Jaguar, there are some inherent advantages that many people find appealing. First, when you lease, you avoid having to weather the initial depreciation that occurs the moment you purchase a new Jaguar and drive it off the lot. Leasing allows you to get a new vehicle without paying a large down payment or suffering depreciation since you won’t officially own the car. Instead, you’ll only be paying for the time that you use it, which is attractive to those who like to frequently upgrade to a new model year or change models altogether. Leasing can be far more affordable than buying in total amount paid and monthly installments because you’re not paying to own the car forever.
Leasing may also allow you to enjoy more luxury and features with a more expensive car than you could buy outright, since lease payments are lower than purchase payments. While there is no down payment with a lease, you may have to pay your first month’s lease up-front as well as deposits and other association costs, such as acquisition fees. You also may owe additional fees at the end of your term, as many leases include mileage restrictions and maintenance requirements. Violation of those terms may result in additional costs assessed at the end of your term. At the end of the lease period, you will not own the car but will rather turn it in to the leasing entity.
When you purchase a Jaguar, you will eventually own the car if you maintain the payments. There are some up-front costs associated with purchases, whether those costs are covered with currency or trade-in value. You’ll likely be required to make a down payment of some kind, though if you’re buying a used Jaguar the terms may be different than the purchase of a new car. The purchase of a car is an investment, though you will have to accept depreciation in value as the car ages. However, once the car is paid for, it is your to do with as you please.
You also can customize the car to meet your needs, which is typically prohibited by leasing agreements. If you purchase a used Jaguar, you may be able to avoid the initial depreciation associated with a new car and get a car that still has great value. Because you own the car, you will retain some of the value you invest in it if you decide to sell it at a future time. When buying a Jaguar, you’ll also enjoy a wider selection of vehicles to choose from, since you can find Jags that carry the options that you prefer. You won’t have to worry about mileage restrictions when you purchase a Jaguar. You can drive it as much or as little as you’d like without penalty.
If you’re considering the lease or purchase of a Jaguar, make sure you understand the relative advantages and disadvantages of each. If you’re interested in leasing or buy a Jaguar, check out the selection Bemer Motor Cars offers. Visit the dealership at 9201 Richmond Ave., Houston, TX 77063.