Buy vs Lease FAQs for Cadillac in Portsmouth, NH

Buying a Cadillac can be a great long-term investment. Here are some of the main benefits:

• Ownership: When you buy, you own the Cadillac outright, giving you the freedom to customize it however you wish.
• No Mileage Limits: When you buy, you’re free from the mileage limits often found in lease agreements.
• Cost-Effectiveness Over Time: Although the initial costs may be higher, buying a vehicle is often more economical in the long run if you plan to keep the vehicle for several years.

Leasing a Cadillac offers flexibility and affordability. Here are some key benefits:

• Lower Monthly Payments: Leasing typically involves lower monthly payments compared to buying, making it easier to drive a high-end Cadillac.
• Frequent Upgrades: Leasing allows you to drive the latest Cadillac models every few years, such as the Escalade or LYRIQ.
• Reduced Maintenance Costs: Many leases align with the warranty period, meaning you often have fewer out-of-pocket expenses for repairs.

For those choosing to buy, Holloway Cadillac offers financing solutions to suit your budget. Our finance team in Portsmouth, NH works closely with you to secure competitive loan rates and terms, making your purchase process straightforward and stress-free.

• Upfront Costs: Leasing generally requires less cash upfront, while buying usually requires a higher down payment and taxes.
• Ownership: Leasing grants temporary use, whereas buying means full ownership of the vehicle.
• Mileage Limits: Leases often come with mileage restrictions (e.g., 10,000–15,000 miles annually), while buying has no mileage limitations.
• Monthly Payments: Lease payments are typically lower but continuous, while finance payments end once the vehicle is paid off.

Holloway Cadillac regularly offers attractive lease specials on popular models like the XT5 and Escalade IQ. Our lease deals are designed to provide flexibility and affordability for customers in Portsmouth, NH. Be sure to check out our Cadillac Specials page for the latest offers!

The decision depends on your priorities and lifestyle:

• Lease: Ideal for those who want to drive the latest models and prefer lower monthly payments.
• Buy: Best for individuals who wish to build equity in their vehicle and enjoy long-term ownership.

If you're still unsure, stop by Holloway Cadillac or contact our team for personalized advice tailored to your needs.