Traditional financing is an installment transaction over a period of time. You agree to pay the amount financed, plus an agreed-upon finance charge. Traditional financing is probably right for you if you like the idea of owning a vehicle or you plan to keep the car for more than a few years. Sewell works with many different lenders to offer you competitive rates. A big part of our service is staying on top of the finance market, knowing which lenders have the best offers at any given time. Talk to your Sewell business manager about what we are seeing in the market today.

If you're looking for a payment that's more affordable than a new car payment, a lease can be a good choice. Instead of covering the whole purchase value, your lease payment will cover just the depreciated value of the vehicle (plus the lessor's monthly finance charges). Most leases are for 24 to 48 months, and we don't recommended leasing for longer than a vehicle's general warranty. If you drive an average number of miles and tend to keep your vehicle in good shape, leasing is a good financing alternative. Note: If the vehicle incurs excessive wear and tear or mileage during the lease period, a fee will be assessed when the vehicle is turned in, unless you have coverage such as our SmartLease Select.

It makes a lot of sense. There are a lot of companies that only do vehicle leasing. They aren't actually automotive dealers; when you lease from them, they have to go to a dealership to acquire the car before they can lease it to you. In other words, they're middlemen. And where there's a middleman, there's usually a markup. When you lease from Sewell, there's no middleman.