Leasing Versus Buying
Leasing Versus Buying at Turlock Chrysler Jeep Dodge Ram
Once you’ve chosen your new dream vehicle, you’re faced with two options – lease or buy? It can be a tough decision for shoppers and is one that shouldn’t be taken lightly. It’s important to consider all factors, and our dealership is here to help you with the pros and cons of both leasing and buying.
- Generally lower monthly payments
- Dealer takes care of everything once lease ends
- Most lease terms and before manufacturer’s warranty expires, so you are covered
- Normal wear and tear is expected and covered
- Trade-in option makes it easy to drive another new car at lease end
- Mileage restrictions with built-in fees if you go over
- Once you drive off the lot, you cannot customize the vehicle in any way
- Must keep vehicle in near-perfect condition
- Not as easy to get a lease with poor credit
- Because you are only paying for the vehicle’s value and not the vehicle itself, you aren’t building equity
- No mileage restrictions to worry about
- Your vehicle is fully customizable at any time
- You are building equity throughout the contract
- Free to determine when, where and how you care for your vehicle
- No consequences from the dealership for damage to the vehicle
- Generally higher payments per month than leasing
- Must take care of selling the vehicle yourself when you decide to do so
- Technology in cars you own can become outdated as now models come out
- Possible to accrue interest on your loan
- Unpredictable depreciation
Given all the pros and cons of leasing and buying it’s important to factor into your decision what type of car you need and what you’ll be using it for. If your vehicle will have ore than normal wear and tear from excess workload and you aren’t too concerned with modern technology, then buying it will help you avoid unnecessary costs at the end of a lease term.
If you enjoy driving a modernized car and don’t plan on taking road trips or putting too much of a workload on your vehicle leasing could be the way to go so you can take advantage of trading in your vehicle at the end of the lease to roll over smoothly into the next car.
Whichever route you decide to take, our finance center will help you secure a new car loan or work out a lease that fits your budget.
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(209) 250-5800
Call Now1600 Auto Mall Drive • Turlock, CA 95380
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Open Today! Sales: 10am-6pm
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Turlock Chrysler Jeep Dodge Ram
Phone: (209) 250-5800
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