Drivers often turn to us when they’re having difficulty choosing between buying and leasing a luxury vehicle like the 2019 Porsche Panamera. We’re always happy to help motorists choose between purchasing and leasing, and we’ll be happy to help you if you need assistance with your own decision.
Quite often, we encourage people to consider the options that will be available to them at the end of a lease before they even think about signing a contract. When you purchase a vehicle, you can do whatever you want with it. If you lease an automobile instead, you’ll have to return your car at the end of a certain number of months. This means you may have to make another big decision sooner when you lease a vehicle rather than buying one.
When you buy a car, you’ll be able to trade it in and use the proceeds as a down payment if you decide to get another vehicle. Because leasing is like a long-term rental, you obviously won’t be able to do that with a leased car.
When your lease expires, you’ll have several options available to you. First, you can purchase the automobile you leased a few years ago. If you don’t find that idea appealing, you may want to buy or lease a different new Porsche car. Some lessees may prefer to purchase a pre-owned Porsche vehicle instead.
There’s one more possible option—you can leave our Porsche dealership near Chelmsford, MA without a vehicle after you return your leased automobile. If you exercise this option, you may still want to keep your auto insurance in force to avoid a gap in coverage that may drive up the cost of car insurance if you decide to apply for similar coverage down the line.
To learn more about your end-of-lease options, contact Porsche Nashua today!