Buying vs. Leasing
What’s the Difference?

Benefits of Leasing a Car in MN

Leasing a car can cost less in the short term and, in some ways, is just simpler than buying a vehicle. Here are a few reasons that some Monticello, MN drivers have chosen to lease instead of buy:

 
View RAM 1500 Inventory

 
View Tahoe Inventory

• Lower Payments – Lease payments are typically lower than payments on an auto loan.
• Less Sales Tax – In most states, leasing a vehicle drastically lowers sales tax.
• Simpler Trade-In Process – Just turn your car in at the end of the lease and start a lease on a new one.
• Great Coverage – Leased automobiles are always under warranty as long as you stay under the mileage limit.
• Options – Getting a brand-new vehicle every couple of years means you’ll always have the latest feature options.

Benefits of Buying a Car in MN

Buying a car can be more cost-effective over the long run and involve fewer restrictions than leasing. Here are some of the advantages:

 
View Wrangler Inventory

 
View Carnival Inventory

• No Mileage Restrictions – If you do a lot of over-the-road travelling outside the Anoka, MN area, you may want to buy.
• Total Ownership – When you buy your vehicle, you own it. That means you have equity.
• Customization – There are no restrictions on how you customize a car that you buy.
• Ability to Sell – Sell your vehicle whenever you choose.
• Financing Options – Financing is usually easier and more accessible when buying.
• Less Cost Over Time – Your car becomes less expensive to own the longer you have it, as you work to pay off your loan.