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Buying or leasing – What’s the best option for you?

Consider all your options before making your choice

To buy or not to buy, that is the question. Or is the question, to lease or not to lease?

With all due respects to Shakespeare, both options should be carefully considered when you’re about to enter into one of the biggest acquisitions you’ll ever make in your lifetime – driving away from the dealership with a brand new vehicle.

How you acquire that vehicle is what the people at Mike Jackson Chevrolet Cadillac Buick GMC want to help you with, because there are many aspects to both leasing and buying you need to understand before deciding. One of the first things to know is that available vehicle inventory may have a role in that decision.

“Right now our inventory changes daily,” said company spokesperson Jennifer Eades. “The new inventory is increasing and there are plenty of used vehicles on the lot. That means there’s more opportunity to buy because you can only lease a new vehicle, but if you act fast we can order in new vehicles to lease.”

According to Eades, leases of two, three and four years are currently available. On the other hand, if you lease and decide you want to buy the car, that’s an option too.

“All of our sales people are happy to help you with this process,” said Eades. “Just come in and let us know and we do the rest.”

Here is all you need to know about the options available for leasing and buying at Mike Jackson Chevrolet Cadillac Buick GMC.


GM Financial offers financing options for near prime customers who are looking to buy a vehicle and enjoy complete ownership. Drive as little or as much as you want, and handle maintenance on your terms and timeline. When you buy a vehicle, the freedom is yours!

GM Financial works directly with dealerships to make applying for credit convenient for you when you’re ready to purchase a new vehicle. To get started, talk to any sales associate at Mike Jackson GM to ask about financing through GM Financial. Before deciding, here are some statements to help you consider if buying is right for you:

  • I want complete vehicle ownership, titled in my name.
  • I want no limits on kilometers or wear-and-tear restrictions.
  • I want the ability to sell or trade in my vehicle whenever I want.
  • I want the option to customize my vehicle’s appearance.
  • I want no predetermined scheduled requirements for making repairs.


  • Vehicle Ownership: When you want total ownership of your vehicle, and it titled in your name
  • No Mileage Restrictions: When you want no limits on kilometers and no wear-and-tear restrictions on your vehicle
  • Ability To Sell & Trade: When you want the ability to sell or trade in your vehicle whenever you want
  • Customization: When you want the option to customize your vehicle’s appearance
  • Flexibility For Repairs: When you want no predetermined scheduled requirements for making repairs


The primary benefit of leasing is you get the right vehicle at the right time. Whether it’s a Chevrolet, Buick, GMC or Cadillac, with The Right Lease by GM Financial, you have options. Additionally, with a lease you’re not as constrained by the overall price of the vehicle as you would be when buying, because you only pay for what you use.

Leasing offers affordable payments with shorter terms. This lets you:

  • Consider vehicles that have more options
  • Trade in your vehicle for the latest model more frequently
  • Have peace of mind since most lease terms are within the factory warranty period


Review this helpful checklist to see if leasing your next vehicle is right for you.

  • Leasing a new vehicle at a comparable price to purchasing a pre-owned vehicle is appealing.
  • I may be able to include more add-on options in my lease vehicle than I might be able to afford if purchasing it.
  • I prefer a lower biweekly or monthly payment.
  • I like to drive the latest model every few years.
  • I drive a predictable amount of kilometers every year every few years.


  • Lower Payments: When you prefer making lower bi-weekly and monthly payments
  • Peace Of Mind: When you have peace of mind knowing that most lease terms are within the factory warranty period
  • Upgrade More Frequently: When you prefer to drive a new vehicle every few years and enjoy upgrading
  • Afford More Options: When you lease you can often afford more options on your vehicle that you may not have had within your budget when financing
  • You Have Options: When your lease comes due after a few years you have the option of turning it in and leasing something new or turning around and financing the remaining value of the vehicle

If you have any questions, don’t hesitate to give our knowledgeable staff call. Or visit Mike Jackson Chevrolet Cadillac Buick GMC at 480 Hume St, Collingwood or online.