The Great Financing Question: Whether to Buy or Lease Your New Vehicle

If you're in the market for a new Chrysler, Dodge, Jeep, or RAM, chances are you've probably discussed whether to lease or buy this new vehicle with some of your friends and neighbors in the Kentwood, MI area. Leasing has become an increasingly popular option for our customers and, yet, there is still a significant portion of people who are still convinced that the real value is in purchasing a vehicle. The answer to the question of leasing or buying is very specific to an individual's situation. Ed Koehn Chrysler Dodge Jeep RAM, located at 11282 W Carson City Rd in Greenville, MI, has put together some advantages to both options.

Leasing: Variety is the Spice of Life

Leasing might be a good choice for our Wyoming, MI customers who meet these criteria or might enjoy some of these benefits:

Short-Term Commitment: At the end of your lease agreement, you will have the option to buy the vehicle you just leased for the residual value, lease a new version of the same vehicle, or buy or lease something completely different.

Lower Monthly Payments: Customers who enter lease agreements will enjoy much lower monthly payments than they would if they got an auto loan for the same vehicle with the same amount of money down.

You Always Have a New Vehicle: The leasing option will always ensure that you have a new vehicle with the most recent convenience and safety features.

Buying: Building Equity for the Future

Buying a vehicle tends to attract our Grand Rapids, MI customers who value some of the following benefits:

Equity: Customer who like the purchasing option often point towards the fact that they will equity in their vehicle at the end of their loan. They can put this equity towards the purchase of a new vehicle or they can sell the vehicle they now own and put it towards whatever else they want.

The No Worry Financing Experience: Proponents of Buying often mention that they like that they don't have any mileage restrictions or worries about damage.

The Ownership Experience: People who like the buying option will often talk about how they like having their vehicles for a long time and don't like having to shop for a new vehicle every two to four years.

Explore Your Options

Ed Kohen Chrysler Dodge Jeep RAM, in Greenville, MI, would like to help you further explore your options. Give our finance team a call, or visit them at the dealership, and discover which option is best for you.