Should I Buy or Lease a Car?

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This one of the first questions you’ll ask yourself as you begin to shop around Mansfield a new car. Neither path is better than the other, but they do better suit different types of drivers. Take a moment to compare leasing vs. buying with Buckeye Chrysler Dodge Jeep RAM FIAT Superstore for help with choosing the right path for your needs. Then, apply for pre-approval to take the next step at our showroom in Shelby! 

The Benefits of Leasing vs. Buying 

Should you lease or buy a car for your Bucyrus commute? It’s not always a simple question to answer. Take a moment to review the differences between leasing vs. buying your next vehicle below: 

  • Leasing: Leasing is the same as renting. You get private access to a vehicle for several years, and your money goes to cover the estimated depreciation that occurs over your tenure as the lessee. Since you’re not on the line for the total value of the vehicle, you’ll enjoy lower monthly payments, and next to no down payment requirements. At lease-end, you’ll also enjoy the flexibility of being able to end your lease, change it for another vehicle, finance the remaining value, or renew. 
  • Financing: This means you’re taking out a loan on the total value of your next vehicle. While you’ll need to make a larger down payment and larger monthly payments, you retain the right to sell the vehicle at any time and the funds from the sale are yours to keep! In the long run, financing is the most financially rewarding strategy, but it requires greater commitment, more money upfront, and greater sacrifices from your monthly budget. 

Discuss Leasing vs. Buying With Our Financiers Near Ashland 

Do you have a better idea of whether you should buy or lease a car? Do you have more questions about leasing vs. buying? Whatever your needs, call Buckeye Chrysler Dodge Jeep RAM FIAT Superstore at 1-567-333-8581 for assistance, or send us a message online. But first, take a moment to explore our car buying tips, where you’ll find so many other helpful reads about things to consider when shopping for a vehicle. 

 

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