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Cadillac Lease vs. Buy

There are a number of factors in choosing whether Leasing or Buying a new vehicle is best for you. Leasing a Cadillac long-term or buying the vehicle through a loan come with different pros and cons. Below is a breakdown of each.

Ownership

Lease

When leasing a vehicle from AutoNation Cadillac West Amarillo, Cadillac will remain the owner of the vehicle. You will be permitted to use the vehicle for the length of the lease contract. At the end of the lease you will have the option to purchase the vehicle.
Man using a tablet computer

    Buy

    When you buy a new Cadillac from AutoNation Cadillac West Amarillo you will own the vehicle once financing is completed.
    Smiling woman with sunglasses holding her keys in a car

      Initial Costs


      Lease

      When starting a lease, you may pay "cap cost" reduction (what would be called the 'Financed Amount' in a loan), government, or lessor charges. Other costs include insurance, security deposits, the first month's payment and any prior lease or credit dues remaining.
      Young children in the backseat of a car with their dog


        Buy

        When you buy your Cadillac, you could pay the full price and purchase the vehicle outright or you could make payments through a loan. Either way, you will be paying sales tax and other state, government or lender fees and taxes. Other costs include insurance, prior vehicle loan or credit balances, and, if financed by a loan, the first month's payments and a security deposit.
        Smiling woman sitting in a car

          Payments

          Lease

          Monthly payments for a leased, new Cadillacs are generally lower as you only pay for the vehicle's depreciation. Depreciation is measured by the vehicles market value over time and is not tied to the full purchase price of your new Cadillac vehicle. Rental charges, sales tax, use tax and other affiliated fees are also associated with leasing a new vehicle.
          Dealership sales associate showing a customer a new car

            Buy

            Monthly payments for financed purchase of your new Cadillac are often higher due to paying for the entire price of the Cadillac, including state taxes and fees. Though, you will own your Cadillac at the end of your loan's term.
            Woman in financing department

              Restrictions

              Lease

              Some lease requirements restrict lessees from moving out-of-state with the vehicle. If you are considering a future move, you should check the terms of your lease closely and speak with your dealer regarding questions. Additionally, most leases restrict the maximum number of miles the lessee can drive the vehicle per year, with overage charges for additional miles driven.
              Dealership sales associate helping a smiling couple shop for a new vehicle

                Buy

                Buying a vehicle, either outright or by financing, often do not restrict moving within a country, but may restrict moves outside the country. There are no mileage restrictions or penalties with your own vehicle. You are free to drive the vehicle as you like.
                Customer shaking hands with a dealership sales associate

                  Insurance

                  Lease

                  You will be required to keep insurance on your leased vehicle meeting the requirements outlined in your contract.
                  Couple looking at new cars in a dealership

                    Buy

                    You will be required to keep insurance on your purchased vehicle meeting the requirements outlined in your contract. If the car is purchased outright, you will need to meet the requirements of your state.
                    Couple shaking hands with a dealership finance manager

                      Wear and Tear

                      Lease

                      Lessees are required to maintain their vehicle, including paying for wear and tear. Leases will specify what charges there will be for wear and tear upon return of the vehicle.
                      Mechanic checking the pressure on a tire

                        Buy

                        Purchasers won't pay for wear and tear up-front, but will have a decreased value, impacting trade-in or resale of the vehicle, if there is excessive wear and tear.
                        Motor oil

                          GAP Coverage

                          Lease

                          GAP insurance helps to cover the difference in the actual value of a vehicle and the balance remaining on financing in the event of a disaster, such as a total loss. GAP coverage is usually included in lease agreements. If it is not, you can usually purchase it.
                          Young family in a dealership vehicle showroom

                            Buy

                            GAP coverage is not required for financing a purchase it is still a good idea in case of a disaster, such as a total loss. Comprehensive and collision coverage may not cover the full value of the totaled car, but GAP insurance would. It is not usually included in loan agreements and must be purchased separately.
                            Service technician inspecting vehicle

                              Vehicle Return

                              Lease

                              At the end of the lease term, there are several options. You could return your vehicle and get a new leased vehicle, you could walk away from leasing altogether, or, if you really enjoyed your vehicle, you could purchase your leased Cadillac at the end of your term.
                              Two hands with car keys

                                Buy

                                When the last payment for your vehicle's loan leaves your account and you receive your Cadillac title, you OWN your vehicle! It's up to you to keep it, sell it or trade it.
                                Woman driving a vehicle

                                  LEASE OR BUY A Cadillac IN AMARILLO

                                  Interested in whether you should lease or buy a Cadillac in AMARILLO? Check out our handy guide above for more information on whether leasing or buying is right for you. Still not sure? Feel free to give us a call at (806) 302-0013 to speak with one of our knowledgeable team members. We will go through your unique situation to help better understand which option is right for you.

                                  You may also want to check out our latest lease and finance specials to help influence your decision. At AutoNation Cadillac West Amarillo, we are dedicated to getting you behind the wheel of the Cadillac car you have been dreaming about. We look forward to demonstrating our commitment to excellence!

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                                    Get Hours and Directions to AutoNation Cadillac West Amarillo

                                    See the map below or request directions to AutoNation Cadillac West Amarillo. We're one of the leading Cadillac dealers in the area, and we want to show you why. Call us at (806) 302-0013 if you have any questions.

                                      AutoNation Cadillac West Amarillo

                                      7300 I40 W AMARILLO TX 79106-1809 US
                                      Sales (806) 302-0013 Service (806) 318-0725
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