Faut-il acheter ou louer votre voiture ?

Should you buy or lease your car?

You're in the middle of deciding whether to change your vehicle, and you've been eyeing a new model. Great, we are here to help you. But the investment is important, and you don't know if you should buy or lease this new vehicle.

All solutions are good, but it's up to you to make the decision based on your situation.

The benefits of leasing

The benefits of leasing

Leasing a vehicle may seem more attractive. It is true that the financial conditions are often more advantageous at the time. You also have the option to choose the length of the lease and most of the conditions surrounding the ownership of your new vehicle. Often, from a tax point of view, it is advantageous for some people to lease, but your accountant will be able to tell you if this is the case for you. Another undeniable advantage is that the monthly costs of leasing are often lower than those of buying.

However, leasing is more for you if you are a little less adventurous. Most leases contain mileage limits that must be respected, or a charge will be added to your bill at the end of the lease. You also know how much your vehicle will cost you and how much you will have to pay to keep it at the end of the contract. Not to mention that with a lease, you always have a recent vehicle covered by a warranty. However, you should know that with leasing, you are not adding any equity to your file, that is, no additional value to your possessions.

Benefits of leasing

Benefits of leasing

  • You always drive a new car
  • You benefit from lower payments
  • You can drive a more expensive car on a budget
  • The warranty is applicable for the duration of your contract in general
  • You don't have to worry about vehicle depreciation
  • At the end of the contract, you simply return the keys to the dealer
The benefits of buying

The benefits of buying

Buying can be an interesting solution for you since it allows you to add value to your possessions. In addition, you can structure your payments by structuring your loan term and looking for the best interest rates. Some car buyers opt for long-term loans of six to eight years to benefit from a lower monthly payment. Another good news is that you can sell your vehicle at any time, pay off your loan and start over.

Of course, the main advantage of buying a car is that once the payments are completed, you have a debt-free car. It adds to your estate, and you can keep it for a longer period of time, thus ensuring a few years without additional payments. You can also use it as a trade-in when you buy your next vehicle, which will lower the total cost. Finally, forget about worrying about mileage. You own the car, you can drive it as far as you want.

Benefits of buying

Benefits of buying

  • You can spread the payments over a long period of time
  • The car is yours and adds value
  • You don't have to worry about mileage
  • You can use the car as a trade-in for a future purchase
  • You can modify your car to your liking

It's hard to compare what's best for you. Consult our financing specialists.

They will take the time to analyze your situation and can find the perfect financing solutions for you!

Questions? Contact us

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