Why lease a vehicle? Typically, a lease will offer lower monthly payments alongside a lower down payment. So, if the cost is at the top of your list when considering a vehicle, this may be the route for you. If you choose to lease a vehicle from Oxmoor Auto Group, you have the fluid option of selecting another vehicle once your term is finished, or you could be on track toward ownership. An auto lease also allows you more flexibility in your lifestyle, as you can experience the latest and greatest updates without the hassle of trading in your vehicle. However, there are a few important things to note before selecting a lease. You’ll have to abide by a mileage limit, complete payments during the duration of the contract, and limit customizations, as you aren’t working towards ownership. If you break the lease agreement in any way, you might be subject to hefty fines.
Auto financing is when you take out a loan with an agreement to pay it off over a set period of time. Auto financing gives you the freedom to customize the color, tires, body, and parts of your Jeep Cherokee, Mazda CX-5, or Ram 1500 as you drive the streets of Louisville, KY. Since you’re working towards ownership, you can personalize your experience any way you see fit, whether you opt for performance parts or upgrade the interior. You’ll never have a set mileage limit, allowing you to drive anywhere you want without the worry of breaking a contract. Although monthly payment and down payment amounts are generally higher, this is ultimately a track that leads you to car ownership.