Leasing vs Buying
When you're ready to drive home in a new Buick or GMC, whether it's the family-ready GMC Acadia or the sleek Buick Envision, there’s one decision left to make: will you lease it, or buy it? Both options can be smart, and at Andy Mohr Buick GMC, we help you explore the one that best fits your needs, lifestyle, and budget. We’ll break down the benefits of each path to help you make a confident, informed choice before heading out on the roads of Fishers, Indianapolis, and Carmel, Indiana in your new vehicle.
Why Buying a Buick or GMC Might Be Right for You
Buying your vehicle is a great choice if you’re planning to keep it for many years or tend to drive more miles than the average commuter. With ownership, you have the freedom to personalize your vehicle however you’d like and drive it without the limitations of mileage caps or wear-and-tear inspections. Once the loan is paid off, the vehicle is fully yours without any more payments, restrictions, or trade-in timelines unless you choose to make a change.
Many Buick and GMC buyers also see long-term value in ownership. Vehicles like the GMC Sierra or Buick Enclave are known for longevity and strong resale value, with both models ranking highly in J.D. Power’s Vehicle Dependability Study.* Owning one allows you to build equity over time, which could help reduce the cost of your next purchase. And if you plan to keep your vehicle for the long haul or pass it on to a family member, buying gives you complete control over your driving future.
The Advantages of Leasing Your Next Buick or GMC
If driving a newer vehicle every few years sounds appealing, leasing might be your best route. With a lease, you can enjoy lower monthly payments than a traditional auto loan and still drive a new Buick or GMC often with all the latest features, technology, and safety advancements included. And when your lease term is up, you simply return the vehicle and have the option to start fresh with a new model.
Leasing is especially popular among drivers who want to stay up to date with current trends or prefer the predictability of warranty-covered driving. Since most leases last about 24 to 48 months, your vehicle typically remains under the manufacturer's limited warranty for the entire term, helping to reduce out-of-pocket expenses for unexpected repairs.
Choosing the Right Path for You
Every driver has a different story, and there’s no one-size-fits-all answer when it comes to leasing or buying. Some of our customers prefer the stability and payoff of owning their vehicle outright. Others value the low commitment and modern perks that come with a lease. Your decision might depend on how often your needs change, how many miles you drive annually, or even how you like to budget your monthly expenses.
At our finance center, we take the time to understand your preferences and offer tailored financing solutions, whether you're shopping for a premium Buick SUV or a hardworking GMC truck. Our finance team can walk you through current offers, help calculate trade-in values, and show you side-by-side comparisons so you can move forward with confidence.
FAQs
Can I end my Buick/GMC lease early, and what are the fees or penalties?
Yes, you can end your lease early, but early termination fees, remaining payments, and vehicle depreciation costs may apply. Contact GM Financial for a quote.
What happens if I exceed the mileage allowance on my Buick/GMC lease?
You’ll be charged a per-mile fee for each mile over your contract’s limit, as outlined in your lease agreement.
Are there excess wear-and-tear fees on my Buick/GMC lease return?
Yes, you may be charged for damage beyond normal wear-and-tear. A pre-return inspection can help you avoid surprises.
How do Buick/GMC lease terms compare to those of other brands?
Buick and GMC leases are competitive, often offering flexible mileage options, loyalty incentives, and attractive pricing through GM Financial.
What are my options if my leased Buick or GMC is damaged or totaled?
If the vehicle is totaled, insurance typically pays the current value, and GAP coverage (if included) may cover the remaining lease balance. Report any damage or incidents to your insurer lender promptly.
Buy or Lease Your New Vehicle Today
Buying or leasing a new vehicle is a personal decision, and we’re here to support you either way at Andy Mohr Buick GMC. Stop by to explore our Buick and GMC lineup and talk with our finance specialists about your options. We’re excited to help you travel around Fishers, Indianapolis, and Carmel, IN in the new car you want, so contact us today to take the next steps!