Buying VS Leasing at Button CDJR

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Buy or Lease: Which Will You Choose for Your Chrysler, Dodge, Jeep, or Ram?

When you want to bring home the perfect car, truck, or SUV in Kokomo, you can count on us to offer you plenty of options. Picking the perfect vehicle is only the beginning of your decision-making, and Marion drivers will need to consider whether to lease or buy their next vehicle. Which is right for you?

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Buying Pros

Considering buying your next Ram 1500? Logansport drivers should know whether this is a great fit, or whether you should consider leasing instead. Understanding the benefits of buying will help you make the right choice for your lifestyle and budget, including :

  • This option allows you to choose from new, used, and Certified Pre-Owned Jeep SUVs depending on which suits your budget and preferences the best.
  • Do you want to install a lift kit on your Wrangler? Are you the type of driver who loves taking a great truck and giving it an overhaul to match your personality? You'll have this option with buying.
  • Choosing to trade your vehicle before your loan is paid off won't result in any penalties and fees, so you can always have the freedom to choose another vehicle.
  • Drivers who choose to buy their Chrysler Pacifica will own the vehicle once the loan is paid off, which means you'll have equity.

Buying Cons

As with every option, there is a downside to buying, depending on your personality. These cons include:

  • Your payments may be higher with buying since you'll take a loan on the full value of the vehicle.
  • You'll have the option to trade your vehicle in early, but you'll also have to deal with the depreciation of its value.
  • There may be the need for a larger down payment, especially depending on your financial situation and credit score.
  • With buying, you'll have to haggle over the trade-in value of your vehicle and worry about getting what you feel it's worth when shopping for another.
  • When you hit a major mileage milestone, you will need to bring your vehicle for maintenance to keep it running smoothly. As long as you prepare for it ahead of time, you'll have nothing to worry about, but these services can be costly.

Leasing Pros

Drivers interested in the excitement of a new car can get more from leasing. Tipton drivers can even browse our financing deals to find special lease deals to make the process even better. What should you look forward to if you choose to lease?

  • Choosing to lease a new Jeep Gladiator means you'll get to enjoy the latest features and technology every few years when your lease is up.
  • Drivers may enjoy a smaller payment since you're taking a loan on a small portion of the vehicle's value.
  • No need to concern yourself over trade-in values and depreciation; leasing means you hand us the keys and walk away.
  • You may not require a down payment for a lease, depending on your credit history
  • If you choose to lease, you won't hit those big service milestones, which means you won't have to worry about paying for these repairs.

Leasing Cons

Leasing is a great option for many drivers, but it has some drawbacks, depending on your personality. These can include:

  • Are you looking for a Certified Pre-Owned or used car? You can't lease with these options, so you're limited to brand-new models.
  • You won't worry over milestone maintenance or depreciation, but you'll have mileage restrictions that can incur a fee if you go over these limits.
  • Leasing offers the latest features in brand-new vehicles, but you can't customize your truck or SUV.
  • You won't own your vehicle when the lease is up, and to buy it, you'll have to refinance.
  • If you have the kind of lifestyle that is prone to stains, scratches, dents, and any excessive wear and tear, it's best to choose not to lease because these will come with a penalty at lease end.

We encourage you to contact our team and visit us when you're ready to discuss your financing options.

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