Should I Buy or Lease?

If you’re looking to get a new vehicle for your Adel commutes, you’re probably in the process of deciding what are the best financial routes to take. And the best option is figuring out what works best for you and your wallet, especially in terms of leasing vs. buying. Both options have their own set of benefits, so it ultimately comes down to what you can afford and what you’re looking for out of your automobile experience. Read on as Deery Brothers Chrysler Dodge Jeep Ram will walk you through the benefits of leasing vs. buying to help you answer the question: “Should I buy or lease?”

Leasing vs. Buying: Benefits of Leasing 

  • Lower Payments: You can look forward to lower monthly payments and a lower down payment when leasing a vehicle since those costs are lower than buying.
  • Lower Sales Tax: In many states, leasing a vehicle will often result in a lower sales tax. In some areas, you may only have to pay tax on the amount you put down for a down payment and for monthly payments. 
  • Trade-Ins: Once your lease agreement is over, it’s an easy process to getting your next vehicle. All you need to do is head over to your local Waukee dealership, pay any remaining fees left on the vehicle, and leave the lot in the automobile you want! 
  • Better Coverage: As long as you don’t go over the allotted mileage, any issue that arises under warranty, such as maintenance needed for the vehicle, is covered. 
  • More Options: If you’re someone who likes to drive around West Des Moines in the newest vehicle, leasing allows you to continually upgrade. You can enjoy numerous options and choose the automobile that fits all of your driving needs. 

Leasing vs. Buying: Benefits of Buying

  • No Restrictions on Mileage: If you plan on driving your vehicle throughout Urbandale and beyond, buying may be the best option for you. Leasing a vehicle means there will be mileage restrictions, however, when you buy it, you can drive it as much you’d like. 
  • Complete Ownership: When you buy a vehicle, you own it completely. Meaning, you can do anything to the vehicle in terms of modifications, decorations, etc, all at your own discretion. 
  • Free to Customize: Do you like for your vehicle to turn heads in Adel? Well, when you buy a vehicle, you are free to decorate and customize it however you’d like.
  • Selling: When you’re the owner of a vehicle, thus not locked into a lease agreement, you’re able to sell the automobile. 
  • Financing Choices: Even though leasing can be a smooth process, the car financing process is much more straightforward, and typically more easily accessible to drivers with great credit scores. 
  • Spend Less Over Time: Even though buying a car can be more expensive upfront, this cost can be reduced over time as you pay towards ownership. Once you completely own the vehicle, it becomes less expensive the longer you have it. 

Explore Your Buying and Leasing Options at Deery Brothers Chrysler Dodge Jeep Ram

Now that you know the major benefits of leasing vs. buying, which will you choose? If you’re still unsure about which option will work best for you, reach out to the finance center where our experts can help you make the decision that suits your needs and budget. Or, browse our new vehicles and used vehicles to your dream automobile that you’d like to finance or lease!

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