You have two main choices when it comes to getting a Cadillac car: you can purchase one or lease one. If you decide to buy, this usually involves Cadillac financing. With leasing, you will sign an agreement to drive the car for a particular number of years. This guide from Fields Cadillac St. Augustine goes over both options to make the choice easy.
Why Choose Financing?
If you want to own a car, financing is the best choice for you. This entails putting up money for a down payment and then borrowing the rest from a lender. You will then choose a loan term and make monthly payments to pay back the money. Perhaps the only negative with financing is that this is the more expensive option compared to leasing.
The plus side, however, is that because the vehicle is yours, you can do what you like to it, including adding customizations. You can also sell it or trade it in whenever you want.
Why Choose Leasing?
Leasing is a good choice if you only need a vehicle for a little while, maybe three years or less. Or, perhaps you like the idea of always driving around in a newer vehicle, as you can upgrade to the latest model whenever your lease is up. Leasing is also cheaper than financing because you pay for the value of the car during the lease period, not its total value.
There are some potential disadvantages to think about, including an annual mileage restriction. If you go over this, there will be a financial penalty. Also, you can’t customize your leased Cadillac vehicle.
Get Cadillac Financing in St. Augustine, FL
Still can’t decide between financing or leasing? Fields Cadillac St. Augustine can help you make a smart decision. Contact us to learn about our specials, new inventory, and more. Schedule an appointment today!
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