Leasing
Weighing the Facts of Purchasing and Leasing
Now, it’s time for what’s fast becoming an age-old question: Should you purchase or lease the new vehicle? Well, it’s the same old answer: it depends. Lets look at some of the pluses and minuses of both alternatives. Hopefully, this will once and for all help you choose what’s best for you.
A major factor in determining whether to lease or purchase is your monthly cash flow. For example, if you desire to invest more capital in personal savings, or times are just plain tight on your purse strings, leasing may well be the more attractive choice. In general,a monthly lease payment will run you less than a monthly purchase payment for the same vehicle. That’s because a lease means you’re paying only for the portion of the vehicle’s worth that you use. Conventional financing is paying back a loan for the entire value of the vehicle. However, when all the costs are tabulated, in the long run,you’ll typically pay more to lease a vehicle than to purchase a vehicle.
Best of Both Worlds
Interestingly enough, you can combine the short-term benefits of leasing with the long-term satisfaction of ownership. Your lease agreement may provide you with an option to purchase the vehicle at a set price upon expiration. If you choose to go this route,you’ll likely wind up paying only slightly more than what you would have spent if you financed the vehicle from the start.
Purchasing provides you with the privilege to sell, trade or transfer title of the vehicle at any time. With leasing, even though the title isn’t in your name, you can still realize the value you may have accumulated in your vehicle. At lease end, you’re not limited to either turning the vehicle in or purchasing it. You also have the option of working out your best trade-in deal, or you can sell the vehicle outright to a third party for a profit (after all, a well-equipped off-lease vehicle is quite an attractive proposition, especially with that low odometer reading).
Driving Desire
You may want to purchase your next vehicle simply because you take great pride in ownership, which gives you the right to accessorize the vehicle as you see fit. And, with no mileage stipulations,you have the personal freedom to drive as far as you wish.
Leasing, on the other hand, means you can experience the sensation of driving a new vehicle - with the latest in technology and safety features -more often. Also, the standard annual driving allowance of 12,000 miles (that you can negotiate to better meet your driving situation) means you’ll have the added peace of mind of being covered with a bumper-to-bumper warranty for the duration of the average three-year lease.
Decisions, Decisions
Still unsure of which option is right for you? Chrysler Financial Company L.L.C., has a lease or purchase plan to suit your situation. The friendly staff at our dealership is at the ready to assist you with your decision.
Click Here to read the Chrysler Financial Leasing Guide.
You can find our select Lease Specials at Swift Car Deals Blog.
If you’d like to discuss your leasing options, please call (888) 496-3231 and ask for an Internet Sales Manager.
