Buying vs. Leasing

  

At Fletcher CDJR, we get many questions from our customers in Franklin, Greenwood and New Whiteland, IN, about whether it is better to buy or lease a car. Fletcher CDJR's dealers are familiar with both processes, but our goal is to ensure you choose the best option for yourself, your family and your lifestyle. We have broken down the benefits of buying vs. leasing to assist you in your decision.

Benefits of Buying a Car

The most obvious benefit of buying a car is that you own it; you have made a full commitment, and now the car is yours for as long as you need it. Your payment schedule will probably be shorter, too. Depending on the auto loan you use - if you need a loan at all - you will not have to worry about car payments after a few years. Although buying a car may be more expensive initially, it can save money in the long run. Start your online finance application now to see what you are approved for.

Another benefit to buying a car is you can truly make it your own. When you first buy the car, you might not want all the optional safety and technology features that come with it. If, however, you want to add features later, you can. You will not be expected to return the car to a dealership like Fletcher CDJR in the exact condition you leased it. Change the paint job, add a spoiler, upgrade Apple CarPlay every few months - the choices are yours.

Buying a car also means lack of mileage penalties. With a lease, you may be penalized if the dealership feels you have driven too much or too far at the end of your time. When you buy a car, you control the mileage. If you need to make a cross-country business trip twice a year, or if an elderly parent two states over invites you for the holidays, make the trip without stress.

Of course, the final benefit to buying a car might be the ease with which you can sell the car. We do not like to think about selling our cars, especially those we have driven for a long time. Yet, cars wear out or break down, or drivers want upgrades. Buying the car gives you the flexibility to decide how long to keep it, when and under what conditions to sell it and how much your asking price will be.

Benefits of Leasing a Car

Despite the benefits of buying your car, leasing carries as many benefits and is a great option for many of our customers in Franklin, Greenwood and New Whiteland, IN. Customers often choose leasing because of the lower downpayment and monthly payments. This sometimes works the opposite way that buying does. That is, you may pay more long-term, but not dealing with payments up front gives you more time to decide if the car you lease is the one you want.

In this vein, leasing also means you only pay part of the vehicle's total price. This partial payment is also known as the residual value, or the difference between the car's current price and expected value at the end of your lease term. Should the car depreciate during your lease, the depreciation will not be counted against you.

Contact Us

Now that you understand the differences between buying vs. leasing a vehicle, you may know which option will work best for you. If you are unsure whether you should buy or lease a car, want to discuss terms or have other questions, contact Fletcher CDJR today. We look forward to working with you.

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Contact

Fletcher Chrysler Products

3099 North Morton
Directions Franklin, IN 46131

  • Sales: (317) 593-2020
  • Service: (317) 593-2117
  • Parts: (317) 593-2118

Hours

  • Monday 8:00am-8:00pm
  • Tuesday 8:00am-8:00pm
  • Wednesday 8:00am-8:00pm
  • Thursday 8:00am-8:00pm
  • Friday 8:00am-8:00pm
  • Saturday 8:00am-6:00pm
  • Sunday Closed
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