Even if you’ve already decided that you want a 2018 Jeep® Grand Cherokee in your driveway, you still have one more choice to make. Now, it’s time for you to decide whether leasing or buying is the right move for you. If you’re having difficulty choosing between leasing and buying, don’t worry, the dealers at Vicksburg Chrysler Dodge Jeep RAM are here to help.
In general, leasing is a good idea if you don’t have a lot of money to put down and you don’t want to be saddled with a hefty monthly payment. Lessees normally don’t have to put down as much money when they sign their lease contract as people who buy cars do. Leases typically have smaller monthly payments than car loans do, too.
When you lease an automobile, you’ll be able to do several things at the end of your lease. You can buy the car you leased or you can simply return it to the dealership and walk away. Alternatively, you can return your leased automobile and lease or buy another vehicle. With leases only lasting a few years, this freedom gives you the chance to get a new car every couple of years.
If you drive a lot every year or you enjoy off-roading and traveling with your pets often, you may want to buy an automobile instead of leasing one. Leases require you to maintain your car a certain way and to drive below a certain number of miles every year. If you violate these conditions, you’ll have to pay fines when your lease expires.
Buying a vehicle is one way to improve your personal balance sheet. Once you pay off your car loan, you’ll own a valuable capital asset.
If you’re struggling to choose between buying and leasing, visit our Jeep dealership near Battle Creek, MI to talk to our finance experts. We look forward to seeing you at Vicksburg Chrysler Dodge Jeep RAM soon.