Welcome to Murrays Finance Department
At Murrays, your sales consultant is also your finance specialist. Why does this matter? Because you will work with one person for every step of the sales process meaning you will never feel like you are being passed from person to person making your experience faster and more enjoyable.
We work with many of the top financial institutions to make sure that you get the financing you need and deserve. We even have solutions for those qualifying for Special Credit!
Buying vs. Leasing
Buying vs. Leasing can often be confusing. Many of our new vehicles qualify for a variety of leasing options and incentives every month and we have many financing plans to suit nearly every budget.
Here are a few questions to ask when deciding to buy or lease:
Do you like to get a new car every 2-3 years?
If yes, then a lease might be a good option for you. The down side is that you do not own your vehicle. While most leases do have a purchase option at the end of the contract, many lessees opt to get a new lease on a new vehicle.
Do you like a lower monthly payment and lower down payment?
Often times a lease can carry a lower monthly payment and down payment requirements making a newer vehicle more affordable. However, your lease amount can vary by credit rating.
Do you typically drive over 12,000 miles/year?
If yes, then you would be better suited with purchasing your next vehicle. Typical lease terms only allow for 10,000-12,000 miles per year and you can incur additional costs at the end of your lease term if you go over these milage limitations.
Would you consider yourself hard on your vehicle, putting lots of wear and tear on the inside or outside or do you like to customize your vehicle with aftermarket parts & accessories?
If yes, then purchasing a vehicle would be better for your needs. Lease terms often carry charges for excessive wear and many restrict the modifications on a vehicle.
There may be additional options and things to consider when deciding to buy or lease. Please consult a sales consultant for the financing option to best suit your need.