It’s a tricky situation when it comes to getting a new car. Is it better financially to lease or buy a new vehicle? Although everybody’s situation varies and there are a multitude of options with the auto financing process, Mike Toler Chrysler Dodge Jeep® RAM can help you find your best route. Our Dodge financing department will explain the differences, answer your questions and work with you to find the best scenario.
Typically, a customer leases a car to receive lower payments or if they’re really interested in simply getting something new and shiny. And if you’re not the biggest fan of the vehicle after a few months, it’s much simpler to trade it for something better. Typically, there’s a little or no down payment so you can drive a superior car for less money. And since you’ll be riding on the included warranty, it’s easier (and less expensive) to get repairs made.
Alternatively, buying a new vehicle from our Chrysler dealership may be a better option if you’re looking to put significant miles on something, are avoiding penalty fees, or are concerned about damage. If you like to be in control, purchasing will give you freedom to modify or accessorize as you choose. While the up-front down payment may be a disadvantage, there’s a chance you’ll be paying less with a loan than you would leasing.
There are certainly pros and cons to each scenario, but the financing department at Mike Toler Chrysler Dodge Jeep RAM is here to set things straight. Visit us at 5340 Highway 70 West in Morehead City, NC to discuss your options and crunch some numbers. It’s easy, simple, and fast to work with us, so don’t hesitate if you’re looking to upgrade to something new.