Finance or Lease A Car in Truro, Nova Scotia

Motor Hub Auto Group is the preferred auto group in Truro, Nova Scotia, serving Bible Hill and Brookside's surrounding areas. We have the best new inventory in the area, but we also offer a wide selection of pre-owned vehicles. We offer both lease and financing options, and our friendly, professional staff will be happy to walk you through the possibilities.

Finance vs. Leasing: Which Is Better?

Car shoppers in Truro, Nova Scotia, have some decisions to make. One of the most important of these decisions is whether to buy a car with a financed loan or lease a vehicle. Each method has its advantages, and which option to choose depends on your financial situation and what sort of car you're looking to drive.

Is Leasing Better for Me?

Leasing has advantages such as payments can be significantly lower, as much as 60% lower for a new vehicle. The down payment also tends to be lower and sometimes isn't even required. Leasing is a more comfortable option for people with a lower credit score. Overall, leasing is less demanding on your cash and credit, and you'll always be driving a new car. But, unlike with financing, you never truly own your vehicle. You won't have a period without payments, and the terms of your lease may be restrictive regarding distance driven, as well as your maintenance schedule.

Is Financing Better for Me?

Financing is more familiar to most people as it means that you're buying the car with a loan from a bank, which you then need to repay with interest. Leasing, on the other hand, is a long-term rental arrangement. You make payments for the car's use and then return it to the dealer at the end of the agreed period - typically 24 or 26 months. Financing a car can be the right choice for several reasons. If you're planning on keeping new vehicles for a long time, then you can have a period of no payments once you've paid it off. If you're planning to buy used vehicles, then financing may be the only option since leasing is rarely offered for pre-owned vehicles. Financing usually leads to lower insurance payments and more freedom about the choices you make regarding ownership and use of your car in the future.

Come and See Us!

Get in touch with our dealership to learn more about your financing and leasing options. Call Motor Hub today, or come to our convenient locations to speak to our expert, professional staff.