Everyone here at Fields Cadillac Jacksonville wants to congratulate you on deciding to get a new Cadillac! Now, the question is: do you want to buy or lease? Here are some things to know about a Cadillac lease before you sign on the dotted line.
Leasing to Own
Can you lease to own a Cadillac? The short answer is yes, but it depends on what you want in the long term. If you want to try a few different cars over a span of three to five years, then a lease might be your best bet. If you’re looking to keep a vehicle long-term, then buying might be for you.
Leasing vs. Buying
Both leasing and buying involve agreeing to a payment plan over a span of time. When buying, you will own your car at the end of your payment cycle. With leasing, you will need to either buy the car or give it up and potentially lease another one.
If you know you want your car long-term, buying is the way to go. The biggest pro to buying is that if you've fully vetted your vehicle and keep up with service and maintenance, you’ll have a solid car that is yours, free and clear.
Monthly payments on a lease are usually less than what they’d be on a Cadillac loan. Still, you’ll have less leeway at the end of your lease, in that you'll either have to find a different car to lease or take a dealer’s buyout offer.
Contact our finance department at Fields Cadillac Jacksonville with any questions about lease-to-own deals. We’ll find an arrangement that works for you!
