There are actually benefits to both options. If you want to know more about these perks, feel free to contact a finance professional at Bob King Buick GMC.

Generally, you do need to cover the cost of routine maintenance in both a purchase and a lease unless you have purchased pre-paid maintenance with our finance team. That being said, you will need to cover the cost of all repairs outside of the car’s warranty with a purchase. As long as you stay within your mileage restrictions, you will not be responsible for auto repairs during a lease agreement.

Most insurance companies will require you to have more insurance on a leased vehicle than on one you purchased. You can contact your insurance company to find out what the difference would be before you commit to either option.

A vehicle you lease will often require more comprehensive and collision coverage than a car you purchase. You can find out the exact difference by contacting your insurance company.

Both a leased and purchased vehicle will experience depreciation. You can get an idea of how much a leased vehicle will depreciate by checking out the residual value. The higher the residual value, the less depreciation the car will experience. A purchased vehicle begins to depreciate the second you drive it off the lot. It is common for a car to depreciate about 10 to 20% in its first year.

You can often find the buyout price in the leasing contract, but there is sometimes some ability to negotiate the price. If you have questions about leasing a new Buick or GMC vehicle, you can always contact Bob King Buick GMC.

No. You can buy your leased vehicle, but you can also lease a newer car, buy something else from our inventory, or return the vehicle to our dealership.