3 Reasons to Consider Financing the Purchase of Your Leased Car
Your lease has served you well and taken you where you needed to go. But the age-old question arises: Should you buy your leased car? Here are three situations when buying may be your best bet.
You’re over your mileage
When you sign a lease, you’re expected to estimate the number of miles you’ll drive your vehicle throughout your term. Well, sometimes that doesn’t account for the spur-of-the-moment road trip you took or how often you frequent the coffee shop across town. (I get it, good coffee is hard to find and worth the extra effort!)
If you’re way past the limit you signed up for in your agreement, buying is a great option. And it just might be cheaper, too. When you buy your vehicle, you don’t have to pay overage fees for mileage. That charge you would have incurred can instead go toward the purchase of your vehicle.
You’ve damaged your ride
So, you’ve hit a few curbs a little too hard when you were getting used to your car. When you buy it, that’s effectively a non-issue. When the car is yours, as long as it drives and passes a state inspection, those door dings and the scratched bumper are things you can fix when your budget allows.
You’re in love
Ah, love. If you’re one of the lucky ones, you’ve fallen in love with your ride and aren’t ready to give it up. Purchasing your leased vehicle keeps the relationship moving in the right direction. As they say, you’re better together.
No matter what the reason, buying your leased car can be a great decision. And, if you’re a current GM Financial lease customer, there’s a new way to do that online. Mode is easy, secure and is backed by GM Financial, so it’s financing you can trust. Just contact our Mode Customer Service team at CX@getmode.com or 833-616-MODE (6633) to get started.
Let’s make buying your leased vehicle as easy as going online to order that double mocha latte.
By Allison Scott, GM Financial