Should I Buy or Lease a Vehicle?

happy woman in a car

In the market for a new vehicle in the El Cajon area but not sure about the difference between lease vs. buying a car? Allow San Diego Chrysler Dodge Jeep Ram help you weigh the benefits of a lease vs. buying situation! Many La Jolla locals ask themselves, “Should I buy or lease?” Well, it depends. Read on below to learn more about lease vs. buying with San Diego Chrysler Dodge Jeep Ram’s finance center in San Diego.

Lease vs. Buying: Leasing

Should I buy or lease? If you want to lease, then you’ll basically rent the vehicle from the dealership for a set amount of time. The biggest difference between lease vs. buying is the smaller monthly payments and initial down payment. Typically, lease terms last two years:

  • Lower Payments: The down payment and monthly payment could be smaller if you choose to lease,this depends on lease term and the vehicle.
  • Less Sales Tax: You’ll pay less in sales tax in most states when you lease.
  • Trade-Ins: Trade-ins are simple! Pay off all remaining charges, sign a new lease, and drive off the lot to head on back to Lemon Grove in your new vehicle.
  • Great Coverage: The warranty coverage usually covers minor repairs to maintenance as long as you’re within the lease limits.
  • Options: The options are abundant when you lease. You’re able to enjoy and experience the newest tech and performance features Chrysler, Dodge, Jeep, Ram has to offer.

Lease vs. Buying: Buying

Now again, ask yourself, “Should I buy or lease?” If you choose to buy, you’ll make payments on your loan until it is paid all the way through. Better known as financing, buying a car is a smart investment in the long run. Here’s the difference between lease vs. buying benefits:

  • No Mileage Restrictions: You’re able to drive your vehicle with mileage restrictions. If you choose to finance, you’ll be able to drive it near and far without limits.
  • Total Ownership: The vehicle is all yours once you pay off the loans! You can do whatever you’d like to the vehicle.
  • Customization: You’re able to customize your vehicle in any way if you finance.
  • Ability to Sell: You’re able to sell your vehicle to anyone, your family, or a friend if you’d like.
  • Financing Options: The finance process at San Diego Chrysler Dodge Jeep Ram is simple and straightforward. Even if your credit score isn’t up to par, we’re here to help.
  • Less Cost Over Time: Once you pay off the loan, the cost of owning your car is extremely low.

Explore Finance & Lease Options with San Diego Chrysler Dodge Jeep Ram!

Now that you know the difference between lease vs. buying, which option will you proceed with? If you’re not sure, contact us! Use our monthly payment calculator to help you decide which might be best.We can also help answer car-buying questions like what is good mileage on a used car.

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