Buying vs Leasing
You're more likely to buy
- When you lease a car, you are typically capped at 15,000 miles a year. Additional mileage can cost you up to 35 cents per mile. And that can really add up.
- If you like to personalize a car, this investment can be lost on a leased car.
- If you like the idea of ownership, you are less likely to be happy with the lease option.
- If you like the feeling of accomplishment that paying off a large purchase brings and should consider that when you lease a car, the payment ends only when you return the car.
- If the car you presently own is over 3 years old you are more likely a buyer. While not always true, you can usually drive for less if you're willing to buy and drive for at least 3 years.
- If you don't mind doing your own car repairs, you probably don't mind driving a car after the warranty expires.
You're more likely to lease
- Lease arrangements usually involve a 15,000 miles-per-year cap and charge for extra miles. If you drive very little, you may be a candidate for a luxury lease.
- When you negotiate a 24 or 36-month lease, you can be sure you'll always be driving a new vehicle.
- Although you need to maintain and repair your leased vehicle just as you would an owned vehicle, because you typically lease for 2 to 3 years, the car is normally under warranty.
- Many people prefer to drive a vehicle that is priced above their means and leasing provides the solution.
- If you don't mind not owning the car, you are free to enjoy the benefits of leasing like low monthly payments and a low down payment.
- If you own the company, and you use your car for business, check with your tax advisor. You may be able to deduct your auto expenses, including your monthly lease payment. And if the company you work for gives you a monthly car allowance, you may want to lease since you'll be able to drive a nicer car for a lower monthly payment.
Searching for your next car, truck, or SUV near Franklin, Greenwood, or New Whiteland, IN? Our financing team at Fletcher Chrysler Dodge Jeep Ram (CDJR) is here to help you make an informed decision about your next ride. Learn about the benefits of buying vs. leasing below, and take the convenient quiz on this page to see which option is best for you!
Benefits of Buying a Car
When you buy or finance a car, you own it once you’ve completed your monthly auto loan payments, making it a wise fiscal decision. Along with that, owning a car means:
- You can customize it as much as you want.
- You can drive it for as many years—and as many miles—as you want.
- You won’t have to make any more monthly payments after you pay off your loan.
As a car owner, you also have the option to trade it in, or sell your vehicle on your own terms in the future.
Benefits of Leasing a Car
When you lease a car, you rent it for a set period, typically 24 to 36 months. That means you can stay ahead of the curve with the latest automotive technologies. On top of that, leasing a car comes with other benefits:
- The flexibility to drive a new vehicle every few years
- Warranty coverage that lasts throughout your lease term
- Typically, leasing requires lower monthly payments and a lower down payment compared to purchasing the same model
As a lessee, you also don’t have to spend any time or energy trading in or selling your vehicle down the line.
CDJR Buying and Leasing
We want to help you figure out which vehicle, and auto loan or lease option, will best suit your needs.
To streamline the buying or leasing process, follow the suggestions below:
- Take our buying vs. leasing quiz.
- Check out our current financing and leasing offers.
- Browse our inventory online, and read our vehicle reviews.
- Fill out our secure Finance Application to get pre-approved.
- Visit our showroom to compare your favorite models in person and schedule a test drive.
When you arrive at our financing center, one of our experts will be there to answer any additional questions you may have about buying vs. leasing a car.
Finance a CDJR Vehicle
We also have virtual tools you can use to get the process started ahead of time. Our Payment Calculator lets you easily compare rates for the vehicles on your short list, so you can narrow in on one within your desired price range.
If you want to get rid of your current vehicle, you can trade it in at our dealership! Use our Value Your Trade tool to view an estimated trade-in value.
New Vehicle Specials near Franklin IN
In addition to our financing tools and new, used, and manufacturer specials, we also have special programs available to qualified customers, including our Military Consumer Cash offer, and Automobility Disability Assistance for eligible shoppers.
Stop By Fletcher CDJR to Buy or Lease Your Vehicle Today!
Now that you know more about the benefits of buying vs. leasing, you can dive into the quick quiz found on this page. Then, you can browse through our inventory online. Once a car, truck, or SUV catches your eye, contact us at Fletcher CDJR to schedule your test drive near Franklin, Greenwood, and New Whiteland, Indiana, today!