Buy vs Lease in Schofield, WI

Whether you want to be a permanent or temporary owner of a vehicle, our team at Fred Mueller Auto Group put together this overview of the difference between buying and leasing so you can decide which suits your lifestyle. If you have any additional questions after your read-through, please contact us. We can’t wait to speak with you!

Financing

The most common way to obtain the keys to an automobile is financing. When you take this avenue, you pay off the entire balance of the cost over the course of four to seven years. You also have the option of going with a brand-new model or a pre-owned option, depending on your preferences. When you meet with our Finance Department, we’ll assist you with the payment terms and help secure you a loan through our banking connections before setting you up with an installment plan. The great thing about financing is that after you’ve made your final payment, the car will be completely yours. You can also customize it with various exterior and interior accessories and add-ons because you’ll be the permanent owner at the end. Then, a few years later, you can trade it in or sell to us once it’s time for a new ride.

Leasing

Of course, if you only need a vehicle for a few years or like to stay up to date on the latest models that arrive on the market, you might choose to lease. This means you’ll get to drive the vehicle around for up to four years with a set amount of miles as you cover the anticipated depreciation value. While this option is only for brand-new models, you’ll get to experience the most recent technology and interior features while the keys are yours. Once your agreement begins coming to a close, there will be some possible routes for you to consider taking next. If you’d like to try a new model, you can certainly start a fresh contract with us or choose to return the vehicle back to our dealership. If you don’t want to let go of the car you’ve been leasing, you’re free to purchase it for its adjusted cost. In this case, we'll take the remainder of the cost and convert it into a financing plan that you contribute toward each month.

Our Inventory

Are you ready to start browsing our selection? If so, click on the New Inventory or the Pre-Owned Inventory tab at the top of the screen. On the next page, you can use the search bar on the left to narrow down your options further by makes and models. Next to each image is a short description of some of its key features, the mileage, and trim. In this same spot, you’ll see buttons that will let you easily see if you’re pre-approved for a loan or find out what your monthly payment would be. You can also click on any of the photos if you’d like to read through a breakdown of the specs for each model and see any awards it may have won. When you’d like to schedule a test drive, don’t hesitate to contact us.

Now that you can weigh out the benefits of buy vs lease in Schofield, WI, swing by Fred Mueller Auto Group to learn more and chat with our friendly staff about which direction you might take. We’re open six days a week and look forward to meeting you!