If you're in the market for a new vehicle, one of the first decisions you'll need to make is whether to lease or buy. Both options have their advantages and considerations, and the right choice depends on your unique needs, preferences, and budget. At Steve Schmitt of Litchfield, we offer flexible lease and financing options on the latest GMC and Chevy models, making it easy to get behind the wheel of your ideal new car, truck, or SUV.
Understanding Vehicle Leasing
When you lease a vehicle, you're essentially agreeing to rent it for a set period, typically 24-36 months. You make monthly lease payments during this term and return the vehicle to the dealership at the end of the lease. Leasing often comes with a lower monthly payment compared to financing, since you're only paying for the vehicle's depreciation during the lease period rather than its entire value.
Leasing can be a good choice if you enjoy driving a new vehicle every few years, want a lower monthly payment, and don't mind the mileage restrictions and wear-and-tear guidelines that come with most leases. For drivers in Raymond, IL who prefer a simpler, more affordable short-term arrangement, leasing could be the optimal route.
However, leasing isn't for everyone. Since you don't own the vehicle, you're not building any equity with your payments. Lease agreements also often limit you to a set number of miles per year, with overage fees if you exceed that allotment. You also typically need to maintain the vehicle in good condition to avoid extra charges when turning it in.
The Benefits of Buying
If you plan to keep your vehicle for the long haul, need the flexibility to customize it or put on higher mileage, or simply prefer the pride of ownership, financing could be the better choice. When you buy versus leasing, you're purchasing the vehicle outright, usually by taking out an auto loan and making monthly payments until you own it in full.
Buying tends to be more cost-effective in the long run, especially if you intend to drive the vehicle for many years. There are no mileage limits, and you're free to customize or modify the vehicle however you wish. While buying typically comes with a higher monthly payment and down payment requirement than leasing, you have the ability to sell or trade in the vehicle at any point to recoup some of its value.
Explore New 2025 GMC and Chevy Models
Whether you choose to lease or finance your next vehicle, Steve Schmitt of Litchfield offers an extensive selection of the newest GMC and Chevy models to suit your needs. Check out the newly redesigned new GMC SUVs, including the spacious Yukon and family-friendly Acadia, or get behind the wheel of a capable new Chevy Silverado 1500 pickup.
Other popular models in our inventory include the adventurous Chevy Blazer midsize crossover, the fuel-efficient Chevy Malibu sedan, and the premium GMC Sierra 1500 light-duty truck. With a range of updates and new features for 2025, it's a great time to upgrade to a new GMC or Chevy vehicle that will exceed your expectations.
Lease or Finance Your Next Vehicle at Steve Schmitt of Litchfield
No matter which route you choose, our experienced finance team is here to help make the leasing or buying process as seamless as possible. We'll work with you to find a lease or loan solution that fits your budget and lifestyle. And with our commitment to honest, transparent service, you can trust that you're getting a fair deal.
For drivers in Litchfield, Raymond, and beyond, Steve Schmitt of Litchfield is your premier spot for new GMC and Chevy leasing and financing. Browse our current inventory online or visit us in person to learn more about your options and take your favorite models for a test drive. With our knowledgeable staff and flexible lease and finance offers, you can drive home in your dream car sooner than you think.