Buying vs. Leasing



Cost aside, it's a matter of priorities.


Deciding to get a new car is just one variable you have to consider when shopping at a dealership. The next is whether to BUY Your Next New Car, Truck or SUV; Versus LEASING a New RAM, Dodge, Jeep, or Chrysler Vehicle. Below we have provided you with a list of pros and cons of each to give you a better idea which is right for your situation.

Pros of Leasing
Lower monthly payments
Lower down payments
You can drive a better car for less money each month
Lower repair costs
No TRADE-IN hassles at the end of the lease

Cons of Car Leasing
You don't own the car at the end of the lease
Your mileage is limited to a set amount (10,000-15,000/year)
Lease contacts are confusing
Leasing is more expensive in the long run 
Wear and tear charges can add up
It's costly to terminate a lease early if your driving needs change

Advantages of Car Buying
Pride of ownership - you can modify your car as you please
Car Buying is more economical in the long run unless you buy and trade-in regularly
No penalty for driving excess mileage
Increased flexibility - you can easily sell the car whenever you want

Disadvantages of Car Buying
Higher down payment is generally required
Higher monthly payments
You're responsible for maintenance costs once the warranty expires
Trade-in or selling hassles when you're ready to get rid of your car
More of your ready cash is tied up in a car, which depreciates, rather than an investment that appreciates

In short, leasing makes it easier to get more car for less money. You are essentially paying for a portion of the car, instead of buying the entire vehicle.

If you have any questions about whether buying or leasing is right for you, give our Finance Center a call today and they will gladly answer your questions and provide you with more information.

Contact

Aberdeen Chrysler Center

901 Auto Plaza Drive
Directions Aberdeen, SD 57401

  • Sales: (877) 235-1013
  • Service: (877) 356-4629
  • Parts: (877) 602-8977

Hours

  • Monday 8:00am - 7:00pm
  • Tuesday 8:00am - 7:00pm
  • Wednesday 8:00am - 7:00pm
  • Thursday 8:00am - 7:00pm
  • Friday 8:00am - 7:00pm
  • Saturday 8:00am - 6:00pm
  • Sunday Closed
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