Buy vs Lease in Capitol Heights, MD

Here at The Pohanka Auto Group, we understand that deciding how to cover the cost of a vehicle is just as important as choosing the model. If you’ve been debating the options, let our Finance Department experts lend a helping hand! Buying and leasing are two of the main options, so we’ve put them side-by-side here in this article.

Buying

First off, we’ll start with buying. You may already feel comfortable with how this avenue works, but there are a few key factors to keep in mind. Since buying, like most other transactions, involves ownership, you are responsible for the advertised cost. Of course, incentives and special offers can lower the initial sticker price.  When it comes to selection, buying also provides a vast array of options – you can buy brand new, used, one-owner, certified, or something in between. You’ll want to keep in mind the amount you can provide as down payment and the kind of APR your credit score qualifies you for. These factors will determine your monthly budget, should you decide to finance the purchase.

Leasing

Leasing is often overlooked, but it really breaks down to a borrowing transaction. You agree to a specific set of terms, including the length of the lease and the amount of mileage you’ll stick to during each year of that contract. These factors, along with your credit score, determine how much the bill will be each month. Since you aren’t working to own the vehicle, it makes sense that you wouldn’t be paying towards the full sticker price. Instead, you’ll be paying a divided amount of the vehicle’s depreciation value. Leasing also requires you to choose from new models

Your Lifestyle

Consider the amount you can afford each month and the amount you can provide at signing. Also, your lifestyle and stage of life should be taken into consideration. Are you in need of a vehicle right away but short on savings? Leasing might provide quicker access to a dependable car. And since the lessee can change out a vehicle every few years, this is also a great choice for those who don’t want the burden of maintenance issues such as battery replacements or transmission failure. Families or parents who want to make an investment that they can pass down to their kids may find buying to be the best option. As you can see, it really all comes down to what you want out of your vehicle!

With 100 years of experience, The Pohanka Auto Group knows how to help customers get a vehicle payment plan that leaves them feeling excited rather than apprehensive. Learn even more about buy vs lease in Capitol Heights, MD, when you come and meet with us!

 

Contact Information


Buy vs Lease in Capitol Heights, MD

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Testimonials

Ashleigh Wright
Ashleigh Wright
GOOGLE
7-10-2020
Full Star Full Star Full Star Full Star Full Star
Michael Violette
Michael Violette
GOOGLE
7-9-2020
Full Star Full Star Full Star Full Star Full Star

EXCELLENT Service Department!!! Patient, and listened carefully to my description of my truck's problem. Great communication on their progress. RECOMMENDED!!!!

JOHN BEATTY
JOHN BEATTY
GOOGLE
7-9-2020
Full Star Full Star Full Star Full Star Full Star
Chris Smith
Chris Smith
GOOGLE
7-9-2020
Full Star Full Star Full Star Full Star Full Star
Keri Klotz
Keri Klotz
GOOGLE
7-9-2020
Full Star Full Star Full Star Full Star Full Star
Christina Powell
Christina Powell
GOOGLE
7-8-2020
Full Star Full Star Full Star Full Star Full Star

Juan A. took great care of me. This car purchase experience was honestly the best car buying experience I’ve had. There were no tricks, no pressure, we agreed on a price and did the paperwork. Mike C., the dealership's business manager, was terrific. He didn’t pressure me into buying additional warranties or add-ons. I am recommending these gentlemen to everyone I know, thanks, guys!

Mark Budzyn
Mark Budzyn
GOOGLE
7-8-2020
Full Star Full Star Full Star Full Star Full Star

Great service. Providing quick service. Will recommend to everyone I know.

Near Leesburg
Near Leesburg
GOOGLE
7-8-2020
Full Star Full Star Full Star Full Star Full Star

Great job with my most recent service appointment. Pohanka makes it easy to get an appointment, the service hours are very convenient, the service was quick, and they did a good job. I have a GMC and a Chevy dealership in Leesburg near my house, but it's worth the extra drive to Pohanka.

KingJb
KingJb
GOOGLE
7-5-2020
Full Star Full Star Full Star Full Star Full Star

I was reccomended to take my vehicle for service by a coworker of mine and I'm glad I did. Much better service then other Chevrolet service centers.

pam flail
pam flail
GOOGLE
7-4-2020
Full Star Full Star Full Star Full Star Full Star

Great service!

Stephen Chock
Stephen Chock
GOOGLE
7-4-2020
Full Star Full Star Full Star Full Star Full Star

I was assisted by Mr. Mina Azez. He was very helpful, courteous and professional. I was/am very impressed with his willingness to assist me in getting my Lexus serviced. He is a "definite asset" to Pohanka Lexus. I would highly recommend him to others. Mina, I know I thanked you last night when I picked up my car, but I wanted to say it once more ...Thanks again. Happy 4th of July!!!

Christopher Cox
Christopher Cox
GOOGLE
7-4-2020
Full Star Full Star Full Star Full Star Empty Star
Paul Rose
Paul Rose
GOOGLE
7-2-2020
Full Star Full Star Full Star Full Star Full Star

Art who helped me.in service with a battery replacement that fell underwarranty was excellent with communicating the problem, when i should expect my truck back and also was able to secure me a late night loaner near the time they were closing ans loaners were on short supply. Thanks Art. Top Notch!!!

Glenn Martin
Glenn Martin
GOOGLE
7-2-2020
Full Star Full Star Full Star Full Star Full Star

Our annual safety and emissions inspections were quick and extremely inexpensive. I don't take my vehicles anywhere else!

Gary Kline
Gary Kline
GOOGLE
7-2-2020
Full Star Full Star Full Star Full Star Full Star
Manolin Vera
Manolin Vera
GOOGLE
7-2-2020
Full Star Full Star Full Star Full Star Full Star
LAWRENCE BROWN
LAWRENCE BROWN
GOOGLE
7-1-2020
Full Star Full Star Full Star Full Star Full Star

Great dealership and nice people all around great service

E Johnson
E Johnson
GOOGLE
7-1-2020
Full Star Full Star Full Star Full Star Full Star
Jayme Lundy
Jayme Lundy
GOOGLE
7-1-2020
Full Star Full Star Full Star Full Star Full Star

Highly recommend Pohanka Chevrolet and Anuj! We had a great experience, which everyone knows is not usually what’s expected when you go to purchase a vehicle. Anuj was immediately responsive and in contact with us and met us when we pulled in (mask on and all give Covid). He had the car we were interested in ready to go and was great at going over all the features before our test drive. He entertained our indecisiveness regarding color and even brought out another car for us to see the interior. When it came time to start the paperwork it was the smoothest transaction we have ever made! And we’ve bought plenty of vehicles in our lifetimes. Anuj made sure to get us every discount we could qualify for and Chevy was offering a great incentive. We agreed upon the price on the first go- shocking I know! The entire process was great, go see Anuj!

Jerry Jmclane1129@aol.com
GOOGLE
6-30-2020
Full Star Full Star Full Star Full Star Full Star
Bob Meyer
Bob Meyer
GOOGLE
6-30-2020
Full Star Full Star Full Star Full Star Full Star

Had a flat tire on my new Equinox. Called the service department at 7:00 pm. They made sure they had the matching tire available and invited me in that night! Sam was my service rep and she was simply fantastic!

james A Wiggins
james A Wiggins
GOOGLE
6-29-2020
Full Star Full Star Full Star Full Star Full Star
Jesse Klink
Jesse Klink
GOOGLE
6-29-2020
Full Star Full Star Full Star Full Star Full Star

The staff at Pohanka was amazing! They were extremely helpful and made the purchase of the vehicle I wanted really easy. Next time I need a vehicle I will be going back there. Thanks Juan and keep up the great work!

Gerardo Cruz
Gerardo Cruz
GOOGLE
6-29-2020
Full Star Full Star Full Star Full Star Full Star

Great service. Fantastic customer service from service adviser Terry.

John Stafford
John Stafford
GOOGLE
6-29-2020
Full Star Full Star Full Star Full Star Full Star
Bob Leitzel
Bob Leitzel
GOOGLE
6-27-2020
Full Star Full Star Full Star Full Star Full Star
Ryan Vallejos
Ryan Vallejos
GOOGLE
6-26-2020
Full Star Full Star Full Star Full Star Full Star
steve McCarty
steve McCarty
GOOGLE
6-26-2020
Full Star Full Star Full Star Full Star Empty Star
Gabe Sierra
Gabe Sierra
GOOGLE
6-25-2020
Full Star Full Star Full Star Full Star Full Star
Tyrone Clinton
Tyrone Clinton
GOOGLE
6-25-2020
Full Star Full Star Full Star Full Star Full Star
Jean Lindquist
Jean Lindquist
GOOGLE
6-24-2020
Full Star Full Star Full Star Full Star Full Star

Adam waited on me and was friendly, followed Coronavirus safety precautions with a mask, and kept me informed. Work was done in a timely fashion.

amad tariq
amad tariq
GOOGLE
6-24-2020
Full Star Full Star Full Star Full Star Full Star
Rob Miller
Rob Miller
GOOGLE
6-24-2020
Full Star Full Star Full Star Full Star Full Star

Excellent customer service! Thank you Adam in the service department for taking care of my needs. Greatly appreciated!

Christopher Woodson
Christopher Woodson
GOOGLE
6-24-2020
Full Star Full Star Full Star Full Star Full Star

Always helpful and fair with their service. Highly recommend.

Angela
Angela
GOOGLE
6-24-2020
Full Star Full Star Full Star Full Star Empty Star
ZESTRO
ZESTRO
GOOGLE
6-23-2020
Full Star Full Star Full Star Full Star Full Star
Vinod Nagaraj
Vinod Nagaraj
GOOGLE
6-23-2020
Full Star Full Star Full Star Full Star Full Star
Elena Beskurnikova
Elena Beskurnikova
GOOGLE
6-22-2020
Full Star Full Star Full Star Full Star Full Star
Phillip Kitchings
Phillip Kitchings
GOOGLE
6-22-2020
Full Star Full Star Full Star Full Star Full Star
SilkyD ForLife
SilkyD ForLife
GOOGLE
6-22-2020
Full Star Full Star Full Star Full Star Full Star
Grant Fetchet
Grant Fetchet
GOOGLE
6-22-2020
Full Star Full Star Full Star Full Star Empty Star
Carly Baynor
Carly Baynor
GOOGLE
6-22-2020
Full Star Full Star Full Star Full Star Full Star

I found a used Highlander online at Pohanka Chevrolet that appeared too good to be true and decided to make the 3 drive to see it. Elijah was our honest and knowledgeable salesman that facilitated the whole process. Financing was simple and straight forward thanks to Hunter. I would recommend this dealership for every aspect of the car buying experience. I got a beautiful vehicle for a more than fair price. Well worth the drive!

Duyen Luu
Duyen Luu
GOOGLE
6-22-2020
Full Star Full Star Full Star Full Star Full Star
Melia Wilder
Melia Wilder
GOOGLE
6-21-2020
Full Star Full Star Full Star Full Star Full Star

My intake service experience was stellar. Adam( I think was the name) was quick and responsive!

Danny Bee
Danny Bee
GOOGLE
6-20-2020
Full Star Full Star Full Star Full Star Full Star
T Lugar
T Lugar
GOOGLE
6-20-2020
Full Star Full Star Full Star Full Star Full Star

Had to get my transmission replaced and thought it was going to be a tough ordeal to go through. I was wrong. The service consultant, Art, was a huge help. Great communication through every step of the process and followed through on every promise. I've had a rough time dealing with car shops but these guys did a phenomenal job. Got my car back in great time as well. While I always try to do my own work I would definitely feel comfortable taking my car back for any major work.

Bryan E
Bryan E
GOOGLE
6-19-2020
Full Star Full Star Full Star Full Star Full Star

My brother has been using Pohanka Chevy service for years and has convinced me to do the same for my Chevy under warranty as well as my other older owned GM vehicles. I live in Bethesda so it is a bit of a drive but their service hours, service staff and weekend times make it worth it.

David McDermott
David McDermott
GOOGLE
6-19-2020
Full Star Full Star Full Star Full Star Full Star
Robert SCOTTO-LAVINO
Robert SCOTTO-LAVINO
GOOGLE
6-19-2020
Full Star Full Star Full Star Full Star Full Star
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