Buying vs Leasing

Buying vs Leasing

at Marburger Chrysler Dodge Jeep RAM

Time for a new car? There are a lot of options out there when it comes to vehicles type. It can be overwhelming. Should you buy or lease? In this article, we will review the benefits of both to help you decide which is right for you.

Ownership

LEASE: When you lease a vehicle, you pay for the term of the lease, in other words, for the time that you are using the vehicle. Upon completion of the lease, you must return the vehicle unless you decided to exercise the option of purchasing it.
BUY: Once you make the last payment of your contract, you own the vehicle free and clear. Thus, making the vehicle yours to keep or trade-in on another vehicle.

Payments

LEASE: Monthly lease payments are usually lower than that of the counterpart. This is because you are only paying for the vehicle's value during the term of the lease. You are basically renting the vehicle, so you only pay for it while you drive it.
BUY: When you finance a car, you are paying the full purchase price of that car. Therefore, monthly payments tend to be higher. However, each payment you make goes towards building equity in your car.

Maintenance

LEASE: Most lease terms end before a manufacturer's warranty expires. You are, however, responsible for regular maintenance such as oil changes and tire rotations and are required per the terms of your lease agreement, and costs are minimal.
BUY: Since you own the vehicle. There are no lease-end obligations regarding maintenance. You are free to decide where and how you care for your vehicle.

Mileage

LEASE: Chrysler Capital provides an array of mileage choices that suit most lifestyles.
BUY: You have no mileage restrictions when buying a vehicle as it is yours to decide how far you will drive it.

Tax Savings

LEASE In most states, the sales tax on vehicles is calculated based on the monthly payment instead of the vehicle's total value. Therefore, if you use the vehicle for business purposes, you may also may be able to deduct a portion of the payment.
BUY: Tax on the full purchase price of the vehicle is due at signing. It can be added to your monthly payment if you would like.

Marburger DCJR is here to help you find a payment that fits your budget.

Once you have decided on which vehicle you would like, the finance team at Marburger DCJR would be happy to provide clear information on your payment options. With this type of care, you can be confident that Marburger DCJR is the place to care for all your automotive needs. Whether you choose to lease or buy, we are committed to delivering best-in-class service and value to our customers.

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