Buy vs. Lease

Find Your New Vehicle

Are you looking to buy a new vehicle and want to ensure you make the right purchase for your financial needs? When you choose a Cole Automotive dealership, you get a team of experts who will guide you every step of the way. After you find the right car, a member of our finance team will assist you with the purchasing process. We are committed to an informed customer experience which includes walking you through available loans for your credit, and each purchasing option. 

Should I Buy or Lease My Car?

Why Buy

Buying a new vehicle requires you to make a downpayment and monthly payments to your lender which will include accrued interest. While this is a large financial commitment, you are able to gain equity over time, which will be beneficial if you choose to buy or trade in the future. Because the vehicle is wholly yours, you have the freedom to make cosmetic changes, drive it as much as you see fit, and any other customizations. Buying a new car is ideal for those customers who have the financial flexibility to make a long term commitment. 

Why Lease

When you lease a new vehicle, you are borrowing it for a contracted amount of time. You are responsible for monthly payments that are calculated based on the price of the vehicle at the time of purchase. Because you are "borrowing" the vehicle there will be restrictions on mileage and cosmetic changes, however, maintenance costs will generally be covered by the dealership. At the end of your lease, you can buy or return the vehicle, allowing for greater freedom. 

New and Used Dealerships in Southwest Michigan

We invite you to visit a Cole Automotive dealership to find your next car, truck, or SUV. Our team looks forward to helping you drive off the lot with a smile from behind the wheel of your new or used Cole vehicle. With any further questions do not hesitate to contact us online!

Find Your New Vehicle