Image via Bill Snethkamp CDJR.
When you visit your CDJR dealer for a new vehicle, you have two options when it comes to paying for it. You could finance the car, gradually pay off your loan, then eventually own the vehicle. Alternatively, you could choose to lease the car, which is a little like renting it for a long period of time. Both leasing and buying have benefits, so let’s take a look at leasing vs. buying to see which is right for you.
Leasing Lets You Drive Better for Less
A car lease tends to cost less every month than a car payment, even if you’re leasing a new vehicle. That lets you drive a newer, potentially better-equipped Mitsubishi model than you may have been able to afford if buying a car.
Buying Eventually Ends Your Payment Period
Even though leasing the car costs less each month, it doesn’t cost less in the long run. When you lease, you’ll always have to pay a fee for the car you’re driving. Buying a car, on the other hand, means the payments will stop one day. You’ll have the loan paid back in a few years, and then you’ll have several years of driving ahead of you with no monthly car payment.
Leasing Gets You a New Car Regularly
There’s something special about getting behind the wheel of a brand-new car. You get to experience that regularly when you lease your vehicle. You can upgrade to the latest model every few years, giving you access to all the new features. Plus, you get that great feeling that comes with driving something new and exciting.
Buying Gives You Total Control
When you buy a car, you can do whatever you want with it. If you want to upgrade your car’s parts, then you can. If you want to change the vehicle’s appearance, then you can go right ahead.
Leasing Has a Lower Down Payment
When you lease a vehicle, you may not have to pay anything upfront. That means you don’t have to spend years saving for a down payment, which may make it easier for some people to lease a car.
Buying Has No Mileage Limits
When you lease a car, you agree to limit how much you drive in it during your lease period. If you drive more than your allotted number of miles, then you have to pay a fee for each additional mile you drive. You don’t have a mileage limit when you buy a car, giving you the freedom to go anywhere and do anything without worrying about how many miles you’ve driven.
Come to Bill Snethkamp Chrysler Dodge Jeep RAM in Highland Park, MI to see a range of CDJR vehicles today. Contact us at 313-349-2680 to discuss the next car you’re going to lease or buy.
Connect with us
