Buying a Car
Buying a car will be more expensive outright but less so over time. Once it is paid off, the car is truly yours and you may do with it as you please. Drive it across the country, customize it, sell it - the choice is yours. It's also really nice not to have to worry about monthly payments.
On the downside, the car's value will decrease over time. It may lose its shine or appeal. Warranties will expire. Repair costs may become increasingly expensive as even the most durable parts finally begin to deteriorate. However, these are often directly related to the love you pour into your car. If you take great care of it, it'll last a lot longer than a regular lease period without ever needing major repairs.
Overall, we can boil it down this way: if you want to own a car for a long time and to do anything you want with it, buy it. If you see the car as a short-term purchase that you might want to replace three years from now, lease it. If you're still unsure, talk to one of our representatives at Geoff Penske Buick GMC!