Debating Whether to Buy or Lease Your Vehicle?

At Lithia Chrysler Dodge Jeep Ram FIAT of Helena, one of the most common questions we get asked by our customers is whether buying or leasing is more advantageous. However, the simple truth is that both options have their pros and cons. What matters is to determine which will work best for your personal needs! As such, we devised a short list of the benefits of each to help you determine if financing or leasing is more suitable for you.

Benefits of Buying a Car

If you plan on keeping a vehicle for a long time to come, you ought to consider making a purchase. While down payments and monthly costs tend to be higher than that of a lease, you will save more money in the long run by buying a car because you are working toward sole ownership. That is to say, once you pay off the cost of your car, you will have less automotive expenses. Furthermore, you can drive your model as much as you want and modify it to your liking without incurring any fees.

Benefits of Leasing a Car

If you have a limited budget, you will prefer to lease instead. This is because leasing a vehicle is often tied to factory-backed incentives that waive down payments, offer cash back up-front, keep annual percentage rates low, or all of the above. That means you will see immediate savings. But a new car lease is much like borrowing a model from a dealer, so keep in mind that you will be required to maintain it according to the terms of the contract. This option is also beneficial for those who like to change up their ride every few years for you can trade in your leased car once initial terms are met.

Meet with a Financier to Learn More

Have more questions? Not to worry! We have experienced financiers on our staff here at Lithia Chrysler Dodge Jeep Ram FIAT of Helena. So head over to our location at 3401 US Highway 12 E if you are considering buying or leasing a new car and would like some in-depth assistance. We are here to make life easier for you!

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