1864 E Washington Blvd. Suite 206
Pasadena, CA 91104

Mon - Friday - 8am-9pm
Saturday - 8am-8pm
Sunday - 8am-6pm


Lease vs Buy
It’s a common problem to lease or buy a car — which is better? Everyone who has ever considered leasing has had this question in their mind.

So, what is the answer?
The answer is – it depends. It’s not possible to simply say that one is always better than the other because the answer depends on the specific situation of everyone and their financial outlook.

Leases and purchase loans are simply two different methods of automobile financing. One finances the use of a vehicle; the other finances the purchase of a vehicle.

Is having a new vehicle every two or three years with no major repair risks more important than long-term cost? Or are long term cost savings more important than lower monthly payments? Is having some ownership in your vehicle more important than low up-front costs and no down payment? Is it important to you to pay off your vehicle and be debt-free for a while, even if it means higher monthly payments for the first few years?

When you buy, you pay for the entire cost of a vehicle, regardless of how many miles you drive it. You typically make a down payment, pay sales taxes in cash or roll them into your loan, and pay an interest rate determined by your loan company, based on your credit history. You make your first payment a month after you sign your contract. Later, you may decide to sell or trade the vehicle for its depreciated resale value.

When you lease, you pay for only a portion of a vehicle’s cost, which is the part that you “use up” during the time you’re driving it. You make your first payment at the time you sign your contract — for the month ahead. At lease-end, you may either return the vehicle, or purchase it for its depreciated resale value. Some people prefer to lease with the intention of buying their vehicle at the end of the lease, or before the end of the lease.

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I was referred to Alan by a friend. Within a short time, Alan found me the exact car I wanted, with all of the features I wanted. The deal?…

The Exact Car
Maral Chalian

Alan facilitated the best car buying experience we’ve ever experienced by far. He was always professional, researched all the options we requested and…

Car Buying Experience
Pauline Djambazian Andonian

Bought a car from my living room. It was the best experience ever. It took a few text messages and a phone call to Al to get the best price as he…

Bought a car
Salpi Bilanjian

Let me tell you, Alan and the guys at Legend Auto took care of me like family. Long story short, I got my Dream car at an unbeatable price and from absolutely great people. Alan was patient, knowledgeable, and always….

Legend Auto
Tony S.

Wanted to give a quick thank you to Alan and Dikran. My family appreciates the amazing customer service that they provided. Obviously buying a car is a difficult step for some, but both Alan and Dikran…

Legend Auto
Jordan B.