Buying vs Leasing at Genesis of Baton Rouge

When considering your next vehicle, you might wonder whether buying or leasing is the right choice for you. Both options offer distinct benefits, and understanding the key differences can help you make an informed decision. The choice depends on factors like your driving habits, lifestyle, and financial goals. At Genesis of Baton Rouge, we’re here to guide you through these options to ensure you find the best fit. Whether it's a new Genesis, or a pre-owned vehicle, we will be here for you to answer any questions that may arise.

Ultimately, whether buying or leasing, each option has its advantages. Your decision comes down to your individual needs and what you value most in your next car. We've outlined the benefits of both options below to help you decide.

Benefits of Buying a Vehicle:

• Ownership – Once your car loan is paid off, the car is yours, and you can keep it for as long as you want. If you like to drive a vehicle for many years, buying is a great choice.
• Equity – As you make payments, you build equity in your car. The longer you drive your vehicle, the more value you get from your purchase.
• No Mileage Limits – If you drive more than 12,000 to 15,000 miles per year, buying is the better option since there are no mileage restrictions.
• Customization – Buying allows you to make modifications to your vehicle, whether it’s upgrading the interior, changing the appearance, or adding performance parts.

Benefits of Leasing a Vehicle:

• Lower Monthly Payments – Leasing typically offers lower monthly payments compared to buying because you are essentially renting the car for a set period.
• Drive a New Car More Often – Leasing allows you to upgrade to a new car every few years and experience the latest technology, features, and designs.
• Lower Upfront Costs – Leasing often requires less money down compared to buying, making it more accessible for those with a lower budget.
• No Resale Worries – When your lease term ends, you can simply return the car without the stress of trying to sell it or find a buyer.
• Tax Benefits for Business Owners – Leasing may provide greater tax advantages if you use the vehicle for business purposes. Check with your tax advisor for more details.

At Genesis of Baton Rouge, we understand the unique needs of Baton Rouge drivers. Whether you decide to buy or lease, our finance team is here to walk you through the process and help you find the best option for your needs. Visit us today to learn more about your options or contact us to schedule a consultation!