Should I Buy or Lease?

Researching new vehicles for sale or lease that can carry you routinely on your Lexington commutes or to the best horse farm tours in Paris? Learning whether lease vs. buying is right for you is an important financial decision you’ll have to make. Each process has its benefits, but your needs will certainly dictate your choice, along with what your budget and credit looks like. Take a look at the perks here, and find out which pick makes the most sense for your lifestyle at Dan Cummins Chrysler Dodge Jeep RAM of Paris!

Benefits of Buying

• No Mileage Restrictions: Purchasing is probably the right move if you’re driving in and out of the Georgetown area on a routine basis.

• Total Ownership: Modifying, decorating, or adding accessories to your vehicle comes restriction-free when you purchase.

• Customization: Making mechanical changes to improve performance or make your vehicle stand out is your prerogative entirely when it’s yours to own.

• Ability to Sell: Sell your vehicle whenever you choose when you own it.

• Financing Options: Leasing might be less of a financial headache if you satisfy driving restrictions, but financing is certainly more straightforward, and more available to those with less-than-perfect credit. You also have the option to refinance.

• Less Cost Over Time: Buying might be more expensive up-front, but it’s less so over time as you pay off your loan. Longer periods of ownership means fewer expenses.

Benefits of Leasing

• Lower Payments: Leasing a vehicle usually means your monthly payments are lower than if you buy it.

• Less Sales Tax: Leasing a vehicle lowers your sales tax drastically – it’s only required on the down payment and monthly payments.

• Trade-Ins: Getting a new leased vehicle is simple once you turn in your last vehicle. Pay any remaining fees, and then drive away in your next choice.

• Great Coverage: Warranty and maintenance are made easier when you lease, since any issues popping up are covered as long as you don’t go over the mileage limit.

• Options: If you lease, you’re likely in the newest model with the most up-to-date tech. That gives you more accessories, amenities, and options to tailor your perfect pick.

• High Approval Rate: It’s much easier to get approved for a lease than for a car loan, even with poor or no credit.

Explore Leasing and Financing Options at Dan Cummins Chrysler Dodge Jeep RAM of Paris

The decision to buy vs. leasing should ultimately be based on your needs as a driver – financial and otherwise. What works for some might not work for others! Browse our Chrysler, Dodge, Jeep, RAM, Wagoneer selection, and visit our showroom near Nicholasville. Questions? Deciding between Chrysler and Dodge? Contact us or get in touch with our finance professionals today!