We at Gaughan Auto Store carry a variety of vehicles, so you are certain to find something. We make it easy to get your dream vehicle from our location in Taylor through leasing and financing. Learn the benefits of leasing and financing to determine which fits your needs in Scranton and Moosic.
Financing
Financing a vehicle involves borrowing a lump sum from a lender and paying it back monthly. The loan term is how long you have to pay it off, usually based on 12-month increments. The loan payment typically includes monthly interest, APR, or annual percentage rate.
When you finance, you have no mileage restrictions and don't have to save cash for it. You fully own the vehicle at the end of the term and may sell it or trade it.
If you're buying new, you can often customize it with features to your liking, even before you pay it off. Financing the vehicle enables you to build equity or the difference between the value and what you owe.
Leasing
Leasing is making a monthly payment to a dealer to use the vehicle for a specified amount of time. Leasing terms are also based on 12-month periods, the most common being 24 to 60 months. Several factors determine your pay, including credit history and make, model, and vehicle age.
Leasing is beneficial if you don't want the commitment to buy yet and don't travel often. You may give it back to the lender when the term is up and try another vehicle every few years.
The dealership has to deal with the depreciation and the responsibility of selling it or leasing it again. The payments for a lease are typically lower than for financing, and it may qualify for a tax write-off for business use.
Contact Our Finance Department to Learn More
Reach out to our specialists at Gaughan Auto Store if you're looking to lease or finance a vehicle in the Pittston and Dickson City region.
AdChoices