One of the primary decisions you’ll have to make when shopping for used cars is how you wish to finance it. The first major choice is whether or not to outright purchase or purchase with an auto loan. If these options aren’t appealing to you, you’re going to want to consider leasing the vehicle instead. 

The Pros and Cons of Buying a Used Car


When you buy a car, you own it, and have sole possession of it. This can come with some pros and cons.


Some of the pros of buying a used car include:


  •   You won’t have to pay any of the extra charges for wear-and-tear like when returning a lease
  •   You won’t have any mileage limits to contend with
  •   You can sell or trade the vehicle whenever you want (once it’s paid off)
  •   If you buy in cash, then it’s an equity investment – you immediately own something of value


As for the drawbacks:


  •   Monthly costs tend to be higher than if you leased (unless you buy the car in cash)
  •   You’re on the hook for long-term maintenance costs


The Pros and Cons of Leasing a Used Car


Choosing to lease your next used car in Clayton, NC, can offer some great advantages:


  •   Monthly payments tend to be lower
  •   You may not need to make any kind of down payment
  •   Lease terms often come with warranty protections
  •   Long-term maintenance issues are less likely to be a problem


On the other hand, there are some disadvantages such as:


  •   Mileage restrictions typically apply
  •   You may have to pay for additional insurance coverage
  •   When the term ends, you’ll need to find another new or used car
  •   You may be charged fees for significant wear and tear


Consider Used Cars for Sale or Lease


Ultimately, our dealership strives to make vehicle ownership as accessible as possible, whether by affordable loans or great lease terms. We’d love to show you our huge inventory of used cars for sale in Clayton, NC, and discuss the different financing options we offer. We’d love to get you behind the wheel of your next used vehicle for a test drive through the streets of Clayton today.