Buying vs Leasing
Imagine it: You’re at Dick Huvaere’s Richmond Chrysler Dodge Jeep Ram, near the Richmond, New Baltimore, and Detroit, MI, areas. You’ve carefully picked out the best vehicle for you and your family, and you’ve finally done it!You step inside the finance center and think you’re ready to start the process, when they ask you, “So, would you like to buy or lease your new vehicle?” You weren’t prepared for options. You’re not even sure what the difference is. Let our finance team answer your questions with this quick buying vs. leasing overview.
Buying Your Vehicle
When you buy your vehicle, you’ll own it outright. What this means for your lifestyle is that you’ll be able to drive as much as you want for as long as you want. Have you always wanted a bright pink Jeep with racing stripes and flames on the hood? Buying your vehicle means that you’ll be able to customize it any way you want.
Your circumstances can change on a dime, but your car will remain the same—and while reliability is great, sometimes you need a quick change. Buying your car means you can sell it, or trade it in any time on your schedule, and that kind of flexibility is great for those whose lives are in flux!
Leasing Your Vehicle
Let’s rewind a bit. Let’s say you decide on leasing. We’ll still own the vehicle, and you’ll be renting it from us. What this means for you at the time of signing is that you’ll likely be able to negotiate a lower monthly payment, as well as a lower down payment—if you must pay a down payment at all.
You’ll also have a shorter term-length you won’t be paying off the entire cost of the vehicle. When your term is done, you’ll bring your leased vehicle back to us. From there, you can renegotiate your current vehicle’s lease, lease the newest model year, or buy your leased vehicle.
Visit Our Finance Center
Of course, there’s a lot more to it than just the things we’ve mentioned, which is why our finance center is here to help you out. You can call us if you have any questions or stop by to speak with us in person. We’re excited to meet you and your family so we can help you get behind the wheel of the best vehicle for everyone.
If you already know exactly what you want, you can use our convenient and encrypted online form to apply for financing from the comfort of your own home. We also have plenty of online resources that can help answer some questions you may have, such as turning in a lease early, or leasing used vehicles.
Contact Us Today for All Your Buying vs Leasing Questions
Whether you’re thinking of buying or leasing, the team at Dick Huvaere’s Richmond CDJR is ready to help all our friends in the Richmond, New Baltimore, and Detroit, Michigan, areas. We can’t wait to meet you, so give us a call today to set up a test drive of your perfect car, truck, or SUV.