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When you’re shopping for a new vehicle, it’s important to explore all of your options. That goes for the dealership you choose, the make and model, the trim level, and the way you decide to obtain that dream car of yours.
Let’s talk leasing versus buying. The main thing that distinguishes these two methods is that with a lease, you will not own the car. The monthly payments you make go toward your use of the vehicle over the course of your lease term. That’s different from a financing agreement, in which your monthly payments go toward your auto loan until you’ve paid off the cost of the car in full.
It means you won’t be able to make alterations, if that’s your thing – a leased vehicle needs to stay in the same shape in which it was leased to you. But if you can do without non-factory paint jobs or adding on various exterior accessories, then a lease can be a dream come true.
Below, we’ll explore some of the reasons why.
The point that sways many buyers into leasing territory is the simplest one: A lease can get you some truly stellar savings. Your monthly payments will likely be significantly lower than they would if you were to finance the same vehicle with a loan.
But that’s just the beginning. Consider these points as well, as you determine if a lease is right for you:
If you’re on the fence about whether to lease your brand-new vehicle or finance it with an auto loan, the friendly team at James Hodge Motor Company is here to help! Contact us and let us walk you through the details as you make the best decision for your unique needs and financial situation. In the meantime, check out what we have for you in our online inventory – all the latest and greatest Chrysler, Jeep, Dodge, and RAM models you love at amazing prices! We can’t wait to help you find your perfect match.