At A. M. Maus and Son, we have a great selection of both new and used Chrysler vans, Dodge cars, Jeep® SUVs, and RAM trucks. From the all new 2017 Chrysler Pacifica to the 2017 Dodge Challenger, not only do we have a vast new car inventory, but we also have great options for making that next model yours. When it’s time to get a new vehicle, you may be wondering whether you should outright purchase the vehicle or if it’s better to lease. We’re here to help.
As your Kimball, MN Chrysler dealership, we want to help you make the best decision for your needs. Sometimes, leasing instead of buying a new car is the right choice for you. Here are some basic things to consider when making your choice.
Leasing a car is similar to financing a vehicle, meaning that you don’t outright pay cash for the whole cost. However, when financing a purchase your loan value is based on the total cost and depreciation of the vehicle. Whereas when you lease, you’re only financing the value of depreciation that will occur during the leasing term. This means that you often pay less and then simply return the vehicle at the end of the lease.
Other benefits to leasing include you only having the car for a set period of time, meaning that if you like to switch up your ride every few years, say from a 2017 Chrysler 200 to a 2017 Jeep Grand Cherokee, you’re only committed to one model for a shorter period of time.
Overall, leasing allows you to get a new car every few years and have a lower insurance premium, whereas buying will free you from mileage restrictions and means you can sell your car when it’s time for a new one.
For more help deciding which option is right for you, head on down to our dealership at 21 Maus Drive today. We hope to see you soon!