Should I Buy Or Lease A Car

 

Buying A Car

Advantages
  • Outright ownership of vehicle
  • Equity toward new model
  • No mileage restrictions
  • Can customize/modify the vehicle
Disadvantages
  • Vehicle will depreciate in value
  • Sizeable down payment
  • Longer loan terms
  • Higher loan payments

Leasing A Car

Advantages
  • Lower monthly payments
  • Future value doesn't affect you financially
  • Term covered under warranty
  • Can return vehicle and walk away
Disadvantages
  • Mileage restrictions
  • No equity gain
  • Need acceptable credit score
  • Cannot exceed normal wear and tear

Benefits of Buying

If you plan on doing a good bit of driving, car buying might be the way to go. You can travel without fear of surpassing the mileage allotted to you when you lease. When you buy, you either own the vehicle outright, or you own it immediately after paying off the loan. You have many years to enjoy your vehicle when you buy, provided you maintain the service requirements necessary to keep it in working condition. This includes keeping your brakes in good condition and regularly changing the oil. You also gain equity with the purchase of your vehicle, so you are able to trade it in for an upgrade or for resale when you deem it appropriate. Buying a car means you can alter and customize your vehicle to express your individuality.

Benefits of Leasing

If you are thinking about leasing, consider whether or not your daily commute significantly raises your vehicle's mileage. If not, leasing might be a great option for you. When you lease, you can drive the vehicle with lower monthly payments than when you buy, and you can return the vehicle at the end of the leasing term and simply walk away. You don't have to worry about finding a buyer when you are ready for a newer car, and you will drive the borrowed car under warranty the entire time. As the value of the leased vehicle depreciates, it will not affect you financially- you pay for the value of the car during your lease, no matter how much it decreases. At the end of your lease, you are free to select a different vehicle for that new car feel.

Serving Dublin, Columbus, Hilliard, Westerville, Marysville, OH

At Crown Chrysler Jeep Dodge Ram in Dublin, we are dedicated to assisting our customers with the best possible options for their car investment needs. We are currently offering lease specials to fit your budget. Regardless of your choice to buy or lease, we will leave you feeling satisfied with your decision. We are here to help you figure out which selection best suits you, and we are confident that you will have a better understanding of car buying versus car leasing. We know you deserve the very best, so let us help get you started at our five-star dealership.

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Come visit our friendly staff at Crown Chrysler Jeep Dodge Ram in Dublin, OH today to discuss which option is ideal for you. Whether you buy or lease, we will be honored to provide you with your new vehicle. We look forward to giving you a memorable car shopping experience, so stop by today!

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Contact

Crown Chrysler Jeep Dodge

6350 Perimeter Loop Rd
Directions Dublin, OH 43017-3206

  • Sales: (877) 452-7630
  • Service: (877) 833-5397
  • Parts: (877) 391-2226

Hours

  • Monday 09:00AM - 07:00PM
  • Tuesday 09:00AM - 07:00PM
  • Wednesday 09:00AM - 07:00PM
  • Thursday 09:00AM - 07:00PM
  • Friday 09:00AM - 06:00PM
  • Saturday 09:00AM - 06:00PM
  • Sunday Closed