When it's time to get a new car, many of our customers around Tuscaloosa assume they will be financing or purchasing a vehicle. Did you know leasing is also an option at Tuscaloosa Chrysler Dodge Jeep Ram? When you lease a vehicle, it's like having a long-term rental. Leasing terms can vary, but most have mileage and customization limits to ensure you return the vehicle in good shape at the end of your leasing term. There are many great benefits of leasing and financing. Choosing the right option for you can save you money but are heavily dependent on your driving style and habits.
Leasing vs. Purchasing at Tuscaloosa Chrysler Dodge Jeep Ram
Benefits of Leasing a Vehicle
Leasing a vehicle is a great choice for modern drivers who love having the latest and greatest technology and drive fewer miles than the typical driver. When you lease a vehicle, the terms can vary but typically go for two to three years. You can negotiate the length of your lease depending on how much you are willing to pay monthly. Leasing for a shorter time ensures you are ready to trade for a newer vehicle more frequently than people who choose to purchase or finance. When you lease a vehicle, you can also negotiate for the accessories or addons you want, so customization is usually not an issue. If you are a person who loves to keep their vehicle neat and clean and enjoys upgrading to the newest model every couple of years, leasing might be a good option for you.
Benefits of Purchasing or Financing a Vehicle
Most people choose to purchase or finance their vehicle. When you own your vehicle, you can do whatever you want. Whether you want to customize or drive as many miles as you want without worrying about a monthly overage fee, purchasing allows for greater freedom. You also own any equity, which you can use as bargaining power when it's time to trade for a new vehicle. You also don't have to worry about maintaining the appearance and keeping up with strict maintenance schedules. If you finance, you usually need to have a down payment or a trade-in to keep your monthly payment lower, and borrowing terms can fluctuate daily. At Tuscaloosa Chrysler Dodge Jeep Ram, you can take advantage of periodic financing specials to keep your interest rates and monthly payments low.
Ask Our Experts in the Finance Department
Still wondering which option is right for you? Feel free to contact our Finance Department for any questions about leasing or financing. They can also let you know of any current specials which can help you save regardless of which one you choose.
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Tuscaloosa Chrysler Dodge Jeep Ram
550 Skyland Blvd E
Tuscaloosa, AL 35405-4035
- Sales: (205) 462-7980
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