Mossy Automotive Group

Ways to Purchase

We know car buying can feel like a daunting process. This guide will help you feel comfortable walking into any dealership.


Different ways to purchase a vehicle:

Cash Purchase: You can fully purchase the vehicle if you have the full amount of money. The benefit of this is to have no payments or interest charges on your purchase.


Lease: Leases are designed to get people the lowest monthly payment for a vehicle. They do this by having you only pay the depreciation of the vehicle, plus interest. Therefore, you never have equity in the vehicle. This is a great option if you like to get a new car every three years or so.


Finance: This is a good option if you are planning on owning the vehicle for a long time. In this option, you are borrowing the money from a bank and paying monthly payments. You would choose this, if you don’t have enough money for the vehicle upfront in cash. Your payment is generally high in this option compared to a lease, because you will start to build equity in the vehicle over time.


Flex Buy Programs: This is a good option if you would like to have the ability to have a lower payment for a couple years. For example, you may have a payment of $200 for the first 2 years, and a payment of $300 for the last three years. This can be beneficial for people starting out in their careers.


Option Contract: If a customer chooses to get financing from their own bank or credit union,

most dealerships will allow them 5 days to go to their bank, get their money, and pay off the contract.