• Chevrolet

Nimnicht Chevrolet

1550 Cassat Ave
Jacksonville, FL 32210

  • Sales: (888) 714-2106
  • Service: (888) 928-4706
  • Parts: (888) 379-9156
  • Body Shop: (888) 879-3508

Lease vs Buy

Weigh your options before deciding to buy or lease your next
vehicle in the Jacksonville, FL, metro area from the Nimnicht Family
of Dealerships. Here are some helpful hints to keep in mind.

LEASE

BUY

Leasing offers affordable payments with shorter terms

This lets you:
  • consider vehicles that have more options
  • get closer to your desired trade cycle
  • have peace of mind, as most leased vehicles are under warranty for the duration of the lease

Leasing offers options at the end of your lease

If the vehicle is worth more than the residual, you can:
  • exercise the purchase option and keep it
  • exercise the purchase option and sell it
  • apply the equity to your next vehicle

If the vehicle is worth less than the residual, you can:
  • drop off the keys and walk away
Conventional loans typically require longer terms to reach affordable payments

This keeps you:
  • from trading into a new vehicle sooner
  • driving the same vehicle longer even when you're ready to trade



Conventional loans come with obligations when you trade

You may have to:
  • assume all risk for unexpected depreciation
  • pay unknown mileage expenses
  • pay total cost of using the vehicle, regardless of the value (being "upside down")
NimnichtChevrolet will be happy to walk you through the pros and cons
of both buying and leasing your next vehicle. We welcome our friends
from throughout the greater Jacksonville metro area and beyond to visit
Nimnicht today and let us help you drive off in the vehicle of your dreams!

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