Buying vs Leasing
There are a lot of decisions you have to make when you decide to get a car. You need to decide on the model you want to drive, which features matter the most to you, and how you plan to use the vehicle. Another decision you face is whether to buy or to lease.
Here at Walker Chrysler Dodge Jeep Ram (CDJR), our finance department wants to help drivers in Hurricane, Charleston, and Huntington, WV, make this decision. Continue reading below to learn about the benefits of buying vs. leasing.
BUY A VEHICLE IN HURRICANE WV
When you buy something for yourself, it can be an exciting time. Buying a car means taking ownership of something that is for you and will be yours for years to come.
There are no limits as to what you can do with a vehicle when you choose to buy it. You can care for the ride as you want and address any needs it has on your time. With a lease, you can have mileage restrictions or face paying for wear and tear that occurs during the lease term once it expires. When buying, everything is in your hands—you have more control.
Buying also gives you the freedom to sell or to trade your vehicle whenever you want. You can choose a new model after a few years or once you finish paying off the loan. Just like with any service or driving you do while you own a vehicle, you have more control.
Typically, the longer you own a vehicle, you increase the chances that you can eventually lower your monthly auto insurance payment. This is especially true if you keep a clean driving record, meaning no accidents, tickets, etc.
LEASE A VEHICLE IN HURRICANE WV
If you'd like to experience a new car but want a shorter commitment, a lease can be the right choice for you. Leases commonly last for two to three years, allowing you to have the experience of being on the road in a new car, while also being able to upgrade in just a few years.
A lease can offer lower monthly payments, as you pay for the value of the vehicle as you use it. When you sign a lease, you can put less money down and utilize manufacturer warranties for any repairs. Then, you can return the vehicle at the end of the lease term and lease a new model with the most up-to-date features. You can also choose to buy the car you are driving after the lease is up.
Sometimes, routine maintenance is covered under warranty. So, this means you might not be responsible for paying for services like oil changes, tire rotations, etc., out of pocket.
WHAT IS THE DIFFERENCE BETWEEN BUYING AND LEASING?
Now that you know the benefits of buying vs. leasing, it’s time for you to choose a plan that fits your needs. At our dealership, our finance team is here to help.
You can sit down with our experts and get the guidance you need throughout this process. We will construct your plan and provide expert insight and answers to your questions, to make sure you have full understanding of your deal.
You can get the process started today by filling out the online finance application.
HAVE YOU CONSIDERED FINANCING A VEHICLE IN HURRICANE WV?
Another route you can take to acquire your next set of wheels is financing, which has been a popular option for drivers for many years. Financing is a long-term commitment in which you’re making monthly payments that will result in you owning the car, so it’s got elements of both leasing and buying.
While it depends on the car you’re driving, a financed car is typically more expensive than leasing because you’re paying to own. However, financing typically allows for more options because you can finance new, used, and certified pre-owned cars.
You open a new line of credit when you finance a car, so as long as you make timely payments, you can positively impact your score. Additionally, you can refinance your auto loan for a more favorable monthly payment and interest rate.
CHECK OUT OUR FINANCE TOOLS
Not only do we offer a finance center at our dealership, but we also have several online tools you can use at any time. As you know, our finance application exists to show your pre-approved options. We also have a Value Your Trade tool that’ll show you what you could get back in a trade for your current car and a payment calculator that’ll estimate your monthly car payment based on several factors.
On top of our finance tools, we also have several research tools, including vehicle reviews and comparisons to give you an in-depth look at the vehicles you’re interested in.
EXPLORE OUR CHRYSLER, DODGE, JEEP, AND RAM INVENTORIES
While you’re considering if you want to lease, buy, or finance your car, why not start looking around? Our showroom features many of the latest Chrysler, Dodge, Jeep, and Ram models, including but not limited to:
- Jeep Wrangler
- Chrysler Pacifica
- Ram 1500
- Dodge Durango
We have a dedicated sales team who can help point you in the right direction by asking you about your needs. Once they’re aware of what you’re looking for, they’ll match you up with a vehicle that makes sense. From there, you can test-drive it!
Don’t forget that we also have pre-owned and certified pre-owned inventories that feature our core four brands and many others. Regardless of designation, these vehicles have been reconditioned to look and perform like new cars.
Our dealership offers plenty of new and used car specials that are designed to help you get behind the wheel of your desired ride quickly. Head to our specials page to see what we’re offering, read the fine print, and check the expiration dates, so that you can prepare accordingly.
BUYING VS LEASING: THE CHOICE IS YOURS AT WALKER CDJR
Whether you decide to buy or to lease a new vehicle, the place to go for your next deal is right here at Walker CDJR. Visit our dealership today and work with our expert team to schedule a test drive.
Get on the roads of Hurricane, Charleston, and Huntington, West Virginia, behind the wheel of the right ride for you!