Cadillac Leasing and Financing Purchase Options

Uncover the benefits and disadvantages of choosing to lease or finance your next vehicle with Cadillac of Naperville’s knowledgeable Finance Center. Our finance experts will work with you, providing you with transparency through our uncomplicated financing process. When you’ve determined whether leasing or financing is best for you, our knowledgeable sales staff will help you find the perfect new, Certified Pre-Owned, or pre-owned vehicle for your lifestyle and budget. 

Leasing vs Financing Comparison

Leasing

Leasing a vehicle is essentially like renting a vehicle for a two or three-year term. This allows you to get behind the wheel of a new Cadillac, without a long-term commitment. Many individuals choose to lease their vehicles so they can enjoy the latest technology features every two to three years. When you lease a vehicle, you will enjoy short-term savings, and a lower down payment. Your leasing cost only requires you to pay for the depreciation of the vehicle during your lease term, rather than paying its full value. At the end of your lease term, you can choose to turn in your leased vehicle and choose a new lease, purchase your leased vehicle, or just return your leased vehicle. Although leasing is a great option, if you choose to release at the end of your lease term, you may pay more in the long run when compared to choosing to finance, because you will not reach the end of payments.

Financing

Financing your next Cadillac means you will be the sole owner of your vehicle, offering long-term savings. Financing has a higher initial cost, seeing as you likely will have to take out a loan for the total value of the vehicle, as well as additional fees. With a loan, interest will accrue, which can potentially add to the cost of your vehicle. Although the initial cost will be more than if you chose to lease, financing will provide you with ownership of the vehicle, meaning you can sell, trade-in, and customize your Cadillac at any time, as well as enjoy having no payments after your loan is paid off.   

Cadillac of Naperville strives to offer our customers the best experience possible, which is why we offer new Cadillac specials! Cadillac of Naperville’s finance center is eager to work with you in finding the best lease or finance option for your next Cadillac. Online, you can get started with the financing process, with our finance application, and payment calculator! Our staff at Cadillac of Naperville looks forward to working with you, to find your next Cadillac. 

Leasing Advantages 

• Your lease payments will only charge you the value of depreciation during the time of the lease, saving you money by not charging the entire cost of the vehicle. 
• Lease payments are more affordable than financing.
• Down payments on leased vehicles are less than financing.
• Leases run for 24 to 48 months and are covered under the general warranty. 
• There are multiple end-of-lease options.

Leasing Disadvantages 

• Your lease agreement will limit the number of miles you can drive, though you can pay an additional amount for more mileage.
• You will be charged additional fees if the vehicle’s condition is not up to standards when you return it. 
• Leasing will not build the same credit and payoff advantages as financing.
• You cannot customize or alter your leased Cadillac.

Financing Advantages

• You will own your Cadillac, so you can sell, refinance, or trade it in. 
• There are no mileage restrictions.
• You can customize and alter your Cadillac.
• Once you’ve paid off your Cadillac, you will no longer incur payments. 
• Multiple lender options allow you to shop around for the rates. 

Financing Disadvantages 

• You will pay higher monthly payments.
• You will need to put down a higher down payment.
• You will be charged for repairs.
• Your new vehicle will incur depreciation.

Where to Finance a New Cadillac

At Cadillac of Naperville, our Finance Center is staffed with experts who know the ins and outs of vehicle leases and loans, and have strong relationships with lenders. Our team will work with you to uncover a lease or loan that will best satisfy your budget demands. 

If you have an existing loan, you are likely eligible for a low-interest car loan! Our finance center will help you refinance your car loan, or even adjust the term of the contract. Take the next step and contact our finance center, and get approved today!

Visit Cadillac of Naperville Today

At Cadillac of Naperville, our team of experienced and knowledgeable staff will help you determine which lease or loan option is right for your lifestyle and budget. Our dealership is located in Naperville, IL, and proudly serves the Chicagoland area. When you visit Cadillac of Naperville you can choose from a wide variety of Cadillac models, and used vehicles of other makes! Visit Cadillac of Naperville today, and see why we are the Cadillac superstore of Chicagoland. 

Financing and Leasing FAQs