Decisions, Decisions

Getting a new car is one of the most important decisions in life. Whichever car you choose to make your own will be your driving partner for years to come. You'll create memories with it, and you'll likely spend a great deal of time inside your vehicle.

Keeping that in mind, you likely already know which vehicle you desire to drive next. Once you've chosen the perfect vehicle, it's time to decide how you're going to pay for it. There are a couple of paths you can take: a car loan or a car lease. Here, we'll dive into the benefits of each.

Leasing Your Ride: The Benefits Of A Car Lease

Leasing a car is an excellent financial decision for numerous reasons. Firstly, only the newest vehicles are made available for leasing. This guarantees you'll be riding luxuriously with cutting-edge technology and freshly procured amenities added for your enjoyment. Furthermore, you can drive with supreme confidence in your vehicle's safety, knowing that it's been outfitted with the most advanced technology to date. When you choose to lease, these fantastic attributes combine to deliver you an unparalleled driving experience.

Secondly, car leases have short durations, typically 2 to 4 years, so you aren't stuck with your vehicle forever. At the car lease's conclusion, you'll return the vehicle to the dealership and may proceed to lease another brand-new vehicle with the newest technology and features. This allows you to always stay up to date with automotive trends and shed any guilt you had about wanting a new car because you'll get one soon enough.

Thirdly, car leases come with a warranty from the dealership that lasts for the duration of the lease. This warranty assures your car is covered for any regular maintenance or repairs it requires during your leasing term. This provides yet another reason a car lease saves you money.

Lastly, and perhaps most importantly, car leases offer more affordable monthly payments in comparison to a car loan. The monthly payments are calculated by estimating how much the vehicle's value will depreciate during the duration of the car lease. Essentially, you'll be paying the difference between the car's initial value and its value at the end of the car lease. Because you're only responsible for paying a fraction of the vehicle's value, you'll pay significantly less per month when you lease versus when you buy.

There's no better place to get a car lease in Queensbury than D'ELLA Cadillac. Visit us today.

Buying Your Ride: Benefits Of A Car Loan

Taking out a car loan is a process with multiple benefits as well. After you've fully paid off the loan, the car is yours to do whatever you want with. That's the greatest perk of ownership. This allows you to put a fresh paint job on your Escalade or tint the windows of your XTS whenever you'd like. This comes at the cost of slightly higher monthly payments due to paying the entirety of the car's value off for the loan amount.

Perhaps the greatest benefit of a car loan is being unbound by the limitations that typically come with a car lease. These are nuanced but important limitations. A car lease can be difficult to get for someone with unremarkable to bad credit. However, financial institutions are more forgiving of issues found in credit history for those seeking car loans. They're also very forgiving for those desiring used and Certified Pre-Owned vehicles, so that's something to consider.

Car leases have mileage limits, whereas car loans don't. The mileage limitations are important to the dealership, so you'll likely incur additional charges if you exceed the specified maximum of miles. With a car loan, you'll never have to worry about this. You can drive it as far as you'd like.

Test-drive that special Cadillac you've had your eye on today at D'ELLA Cadillac in Queensbury, NY.

Auto Finance At Our Queensbury Cadillac Dealer

Some consider auto financing to be a chore, but in our eyes, it's a very valuable tool. No matter the price tag on the new vehicle you've been eyeing for a while, with the proper financing, we can ensure that you enjoy driving it for many years to come. The financial experts at D'ELLA Cadillac have years of experience in making vehicles supremely affordable for our valued clients. We work hard to ensure that you get a fantastic deal on your car. Visit our Cadillac dealer in Queensbury today.