Service Department:
504-465-8500
Monday-Friday 7AM-6PM
Saturday 7AM-2PM

Owner Appreciation Days at BEST

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Lease or Buy?

Call our Finance Department for more information on great leasing deals Local: 504-468-9817.

At BEST Chevrolet, many of our customers ask us, “Should I lease or buy a new automobile?” It sounds like a tough decision, but it doesn't have to be complicated. The following is a brief overview of some benefits of each choice. Once you have the facts, let us help make the right choice for you and your family.

Leasing a new Chevy

In a lease, you do not purchase an automobile. You contract to use it for the first, and best, period of its life.

  • Less Cash Up Front - When comparing a "lease vs buy", one of the biggest advantages of a lease is that it does not usually require a substantial down payment.


  • Lower Monthly Payment - If the finance period is the same, your monthly payments will be lower when leasing (vs. traditional financing) because your payments will be based on the vehicle's estimated depreciation.



  • A New Car More Often - Your taste, preference or needs may change, and a short-term lease makes it easy to drive a new car more frequently.



  • Tax Advantage for Business Use - People who use a lease car for business may find larger tax deductions with leasing than with buying a vehicle. Check with your tax advisor.


Buying a new Chevy

When deciding whether to buy or lease, a key thing to consider is how long you plan to keep the vehicle. If you typically keep your vehicle for five to ten years, then traditional financing may be your best option.

  • Pride of Ownership & Equity - Ownership can instill a sense of pride. It can also build equity. Payment by payment, an owner's equity may increase.


  • No Restrictions on Mileage - This is important to consider if you drive more than 12,000 to 15,000 miles per year. A heavy driver should avoid mileage restrictions if possible.


  • Make Changes to Car's Appearance - Keeping your car's original appearance in top shape will help maintain it's value over time.


  • Keeps Things Simple - Unlike a lease option, buying has fewer guidelines or requirements to keep track of over the duration of your ownership.


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