Finance Center at Gary Mathews Motors

Financing Your New Vehicle

Automotive financing lets you pay for your vehicle purchase over time by obtaining a loan. At the end of your finance term, you'll be the owner and can drive payment-free. This is appealing to many people. Buying your vehicle provides you with equity you can use toward your next purchase.

It also gives you a great deal of freedom regarding how you customize your model, its condition, the number of miles you put on it, and whether you decide to sell it or trade it in early. Plus, there are no potential additional charges at the end of the loan. Lots of folks take great pride in owning their own vehicle.

Why Consider a Lease

When you lease, you're paying for the ability to drive a vehicle for a certain number of years. Typical lease periods are between three and four years in length. At the end of this term, you won't own the vehicle. For many Oak Grove, KY drivers, this can offer great advantages. Perhaps the most substantial benefit to leasing is that payments are usually much lower than those of a loan on a similar vehicle.

Leasing lets you drive a brand-new model at an affordable monthly cost, and you get the opportunity to choose a new model at the lease end with no need to worry about resale or trade-in value. Another thing you probably won't have to worry much about is its maintenance costs. Leases usually come with generous warranties. You'll usually turn in your vehicle before major repair costs are required.

However, you can purchase your vehicle at the end of your contract. It is crucial to keep in mind that most lease terms include mileage limitations and condition requirements. If you don't tend to drive a ton of miles each year and take good care of your vehicles, you should be just fine.