Buying Vs. Leasing

Open Today! Sales: 9am-8pm
Call us at: 540-362-4800

Because Car Buying Should Be Fast, Fair, and Easy

At First Team, we know that your car shopping decision is one of the most important you will ever make. That’s why we always want to make sure our customers are fully informed before making a buying or leasing decision. The more you know about the specific vehicle you want, financing options, and added value, the more satisfied you will be with your final purchase or lease.

When it comes to buying or leasing a car the options can be confusing. To help you make an informed decision we have provided the information below. We hope you find it informative and useful.

Basically, when you buy a new or used car you pay for the entire cost of the vehicle. When you lease a new or used car, you pay for only a portion of the vehicle’s cost, which is the part you use during the time you are driving it.

Phone Number:Sales Hours:
  • Mon - Fri9:00 AM - 8:00 PM
  • Sat9:00 AM - 7:00 PM
  • SunClosed

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Buying

Whether you pay for the car with cash, or finance it and make monthly payments, either way it’s yours. Of course, if you’re financing it, you’ll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don’t, they have the right to repossess it.

Leasing

You do not own the car when you lease. You’re paying for the use of the vehicle, but the finance institution that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the car.

Buying

If you’re financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender’s requirements and your credit score.

Leasing

Leases often do not require any type of a down payment. All you usually have to pay is the first month’s payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.

Buying

Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)

Leasing

In most leases you don’t end up owning it so you don’t end up selling it. That’s the financial institution’s job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.

Buying

Once you’ve paid off what you owe on your contract, that’s it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.

Leasing

Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we’ll make sure you have your lease set up the way you want it.

The best cars to lease are those with the best book value after the term of the lease. Since they depreciate less, you pay less. Review the lease ratings to see which cars retain their value.
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540-362-4800

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6520 Peters Creek Rd • Roanoke, VA 24019

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Today's Hours:

Open Today! Sales: 9am-8pm

Open Today! Service: 7:30am-5:30pm

Open Today! Parts: 8am-7pm

First Team Auto Mall

6520 Peters Creek Rd Roanoke, VA

Phone: 540-362-4800

http://maps.google.com/?q=6520%20Peters%20Creek%20Road%2C%20Virginia%20United%20States%20Loading%20Map...%2C%20Roanoke%2C%20VA%2024019

Parts

Phone: 540-362-4800

6520 Peters Creek Rd Roanoke, VA

Sales

Phone: 540-362-4800

6520 Peters Creek Rd Roanoke, VA

Service

Phone: 540-362-4800

6520 Peters Creek Rd Roanoke, VA
-79.962341 37.346330
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First Team Auto Mall
First Team Auto Mall
6520 Peters Creek Rd
Roanoke, VA, 24019 US
540-362-4800
https://di-uploads-development.dealerinspire.com/firstteamautomall/uploads/2019/03/FirstTeamAutoMall.png
First Team Auto Mall -79.962341, 37.346330.