Should You Lease or Buy Your Chevy Malibu?

The Chevy Malibu is the midsize sedan offered by the bowtie brand.  This car has a name that dates back to the 1960s and it has become a family sedan that looks great, includes the equipment you’re looking for, and the features you want.  You can choose from several trims, add different packages to the mix, and find a Malibu that gives you the features you want on the road.  The question for you comes down to whether or not you should lease or buy this sedan.

Reason to Lease the Malibu

If you choose to lease a Chevy Malibu, you’re going to pay a lot less per month.  Payments for a lease are typically only for the estimated depreciation and mileage of the vehicle that you drive.  This means you could choose to drive a higher trim than what you would if your payments were higher.  Ask the team at Reed-Lallier Chevrolet about discounts and savings for your lease to help you pay even less.

Reasons Not to Lease the Malibu

When you lease a vehicle, you only drive it for a specified period of time.  This timeframe is typically 36-48 months, after which you have to either turn the vehicle in at the dealership or pay for it outright.  Normally, lease programs also require a large payment to have the lease started, which can be more than you planned on paying.  A lease will also limit the number of miles you can drive every year.

Reasons to Buy the Malibu

Buying the Chevy Malibu means the car is yours.  You can make changes to it, improve it, upgrade it, and drive it as long or as far as you like.  You’re paying for a loan that you secured with a financing institution and won’t have to turn the vehicle in at all.  Once the loan is paid off, the vehicle belongs to you and you can continue to drive it as long as you want.

Reason Not to Buy the Malibu

It can be difficult to get out of a loan before the end of the term when you buy a vehicle.  If you owe more on a vehicle than its worth and you want to trade it in, that’s called “being upside down” in the loan.  Your payments are higher than with a lease program, which means you don’t have room in your budget to add more stuff to your vehicle if you want.

Learn More and Make the Right Decision

If it’s time for you to drive one of the Chevy Malibu models at Reed-Lallier Chevrolet, you’ll want to see this dealership team and figure out whether you should lease or buy your Malibu.  Ask about the various benefits of each program and figure out which model will be the one you want to take home with you today.  You’ll be pleased with the car you drive every day and the deal you secure when you let this team help you.