Chevrolet Leasing vs Buying | Crystal Lake IL | Algonquin

martin chevrolet inventory for sale in crystal lake, il

Are you a Crystal Lake, IL driver looking for a new or pre-owned vehicle? Are you trying figure out how you want to pay for it? Stop by Martin Chevy in Crystal Lake, IL and talk to our finance team. We’ll discuss your options and figure out whether a lease deal or a finance deal is better for your budget. Both leasing and financing have their advantages and disadvantages, but only one is right for you.

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When to Lease a Chevy in Crystal Lake, IL

Leasing a new Chevy truck, car or SUV in Crystal Lake, IL just got a lot easier thanks to the lease law update in Illinois. Taxes on lease deals in Illinois have essentially been cut in half thanks to the law update.

In addition to the new laws, leasing has several other benefits for Crystal Lake, IL drivers.

Only pay the difference between the car’s current price and its expected value at the end of the lease.
A smaller initial payment is expected.
Leases are typically for a shorter duration than financing.

When to Buy a Chevy in Crystal Lake, IL

Most people want to own their first new car. The thrill of ownership is worth it for most people to put down a larger down payment or extend the period of payments for a few more years. Buying might cost a little more, but it does have several benefits for Crystal Lake, IL drivers.

Buying can be a great option, if you plan to keep a vehicle for several years or drive over 15,000 miles per year.
A buyer gets more control over the vehicle than a lessee.
Once the payments end, the car, truck or SUV is yours.

Start Your Chevy Lease or Purchase Today

The finance team at Martin Chevy in Crystal Lake has the know-how and ability to help drivers get behind the wheel of the new or pre-owned vehicles they want to drive. Whether you’re interested in leasing a new Chevy Cruze or financing a pre-owned Chevy Malibu, the finance geniuses at Martin Chevy are here to find the lease and finance plans that suit your budget. Our team is ready to present both lease and finance options and figure out which is the best fit for each individual driver. Find out which is best for you by contacting our finance team through our website, by phone at 855-395-9583 or stop by our Chevy dealership during business hours to get more information.