Lease a Car or Buy — Which Should You Choose?

September 29th, 2021 by
2022 Jeep Grand Wagoneer

All-new 2022 Grand Wagoneer Series III

A new Jeep® SUV is a good bet under any circumstances. Composed enough to keep your commute around Monticello bearable, yet tough enough to tackle Badlands Off Road Park on the weekends, it’s no wonder the brand’s fans are legion. Our new Dodge cars, or our versatile RAM trucks, each tell a similar story of their own. But what about your part in that story? Whether you choose to buy or lease a car, you’ll have several financing options at your disposal — and a lot of other factors to take into consideration. Twin Lakes Chrysler Dodge Jeep RAM is here to help.

When You Should Lease

What makes leasing a new Jeep vehicle attractive? To begin with, leases are closed end. This means that your payments, your mileage, the wear you can put on the vehicle, the duration of time for which you’ll have it, and even the cost to buy at lease end are all spelled out in advance. That affords a comforting certainty, as well as the flexibility to upgrade periodically as your life (or the vehicles’ technology) changes.

When You Should Buy

Where some see flexibility in a lease, others see frustration. If your commute is long, or if you like taking frequent road trips, you may end up paying penalties for excess wear. If your RAM 1500 spends time on the job site, you may not want to shudder over every stray nick, chip, and dent, feeling the weight of excess wear penalties hanging over you. While you may need a higher down payment to get the same kind of low monthly payments you can get from a lease, you have complete freedom to drive, work, play, and customize completely on your own terms.

Financing and Your Credit

Buying a new vehicle makes sense for another reason, too. If your credit is bad, or if you haven’t yet built a credit history, it’s harder to qualify for those great lease terms. So if you’re unsure, visit us to see if you qualify for Jeep lease deals, and to take advantage of our low-credit auto loans.

Auto Financing at Twin Lakes Chrysler Dodge Jeep RAM

There’s more to this process, including choosing the right model and features for your needs, getting a fair vehicle trade-in value, and understanding what kind of financing best fits your credit and budget. Your Monticello Jeep dealer is here to help with all of it, so stop by Twin Lakes Chrysler Dodge Jeep RAM for help with everything from the minor details to the big picture.

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