Buy Vs. Lease
You already have your eyes on a new Jeep Wrangler or maybe you need a new Ram truck. Now it’s time to decide if buying or leasing is the best option for you.
This can be a tough decision as both have their pros and cons, and what’s right for you depends on your own personal situation. To help you make an educated decision and the one that’s right for you, Carman has put together some information regarding both.
Benefit of Buying
Buying your next vehicle comes with higher initial costs with a possible down payment and larger monthly payments, however once you’ve paid off your loan, your vehicle is all yours and you’ll be free of making a car payment. Once you’re ready to get another new vehicle, owning a vehicle also gives you more leverage.
You can sell your vehicle on your own to put towards a down payment, or you can trade it in at the dealer to lower the cost of your next vehicle. Purchasing your next vehicle also gives you more freedom. If you have long commutes or love to travel, buying may be the better option as you won’t have to worry about mile restrictions that leases impose. You can also personalize your vehicle however you choose, whether you want to add aftermarket parts or change the paint color, the choice is yours.
Perks of Leasing
Leasing a vehicle offers a more affordable solution to those looking to get in a higher trim level at a lower monthly price. While it may cost more in the long run, leasing allows you to get into higher models that may not be in your purchasing budget.
If you’re someone who likes to always have the latest features and don’t like to be tied down to a vehicle for a long period of time, then leasing may be the option for you! At the end of your lease, you can hand over the keys and get into a newer model with the latest technology without worrying about a loan rolling over and needing to sell your current vehicle.
Still have questions regarding buying and leasing? Stop by Carman Chrysler Jeep Dodge Ram today, and our knowledgeable sales and finance team will be happy to assist!