Leasing vs Buying a Car
You always have options when looking for your next car. Many folks prefer to buy their vehicles, yet leasing is a financing plan that continues to grow in popularity. How do the two options stack up to one another? And is one choice better for your daily travels around Stroudsburg, East Stroudsburg, Tobyhanna, Scranton, and Mount Pocono, PA? That's what we're here to find out.
At Ray Price Chrysler Dodge Jeep Ram (CDJR), our finance team wants to help you secure the ideal financing plan. So, the more you know about options such as leasing and buying, the more likely you are to end up with the right agreement!
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Advantages of Leasing |
Advantages of Buying |
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You're able to move from one type of model to another every few years |
You eventually own the vehicle and can pass it down to a child or friend |
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You can buy the car at the end of the lease |
You can create customizable monthly payment plans that fit your budget |
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You can trade in your lease at any time and begin leasing a new vehicle |
You can freely make modifications to your car or install aftermarket parts |
The Advantages of Buying a Car
If there's a model you love and are looking forward to driving for a long time, buying is a smart choice. You can arrange the payment plans for the vehicle in a way that caters to your budget. Eventually, you can complete all these payments, and you'll own the vehicle outright.
If you want to add any accessories to the car or make any modifications, that's an option. Because leasing is a long-term rental, you can't alter aspects of the vehicle.
And if you've bought the car, you can also pass it down to your children if needed. As they approach driving age, it's nice to know they'll be in a reliable, safe model you can trust.
Our finance team will help with all of the following aspects of buying a car:
- Developing your monthly payment structure
- Securing a loan
- Trading in your current vehicle
Buying a car is a dream for many of our customers, and if it’s yours, we’re here to make it possible.
Advantages of Leasing a Car
Leasing is the right choice for those who are eager to drive the latest models. Lease agreements usually last a few years, but really, you can trade in your current leased vehicle for a new one at any time.
If you love the vehicle you're leasing, you can also buy it outright once the lease is up. Leasing opens up a wealth of options for you in the short term and long term. A few things people may not know about leasing include:
- You can end your lease at any time.
- You can rearrange the terms of your lease agreement with our finance team.
- You can lease any model in our lot.
Another reason many people enjoy leasing is because it allows them to try new rides or get the latest technologies every few years. It’s an excellent option for people who like to keep their options open.
Leasing vs Buying a Car: Consider Your Lifestyle
Ultimately, when it comes to leasing vs buying a car, there are perks to each option. How should you decide? We recommend you consider your personal lifestyle needs, preferences, and future plans to determine what option is most compatible with your life.
Do you want to customize your vehicle with parts or accessories? Do you plan to take it on many long road trips with your family? Buying allows you to enjoy these things with a vehicle entirely on your own. Additionally, if you have a teenager who is going to start driving soon, you could pass your car down to the next generation.
On the other hand, if you love variety, leasing might appeal to you. It’s especially enticing if you’re a trendsetter or tech-lover who enjoys changing with the times and trying the latest fashions. You’ll be able to swap your ride every two to three years, and lower monthly payments are a bonus.
Discuss Your Purchase or Lease with Our Finance Team
Now that you know a little more about the differences between leasing vs buying a car, you might be ready to select your chosen path and take the next steps. The team at our auto finance center is here to help and support you in your buying or leasing journey with personalized care and assistance.
Stop by our dealership to sit down with one of our financing professionals and discuss your personalized plan. Our team has years of experience and local connections to assist you in getting your favorite model. If you have any lingering questions, don't hesitate to ask them, as our team wants to help you feel fully informed.
We also have a selection of new vehicle specials that may prove useful to you. Check out the current new and used cars we’re featuring in our special inventory. Don't forget about our lease deals, too. There could be an offer to help you drive home and the model you love.
Get Started with Our Online Financial Tools
Our dealership also has a selection of complimentary online tools to help local drivers like you customize your purchase or lease. We want your plan to fit your lifestyle like your next car does, and these tools are here to save you time.
Complete our online financing application to get pre-approved from wherever you are. It's an easy way to get started on your automotive journey and figure out what you can afford. We also have an online payment estimator if you'd like to compare multiple options, down payments, or term lengths.
Leasing vs Buying a Car? It’s Your Call!
You can't go wrong with either leasing or buying a car from us at Ray Price CDJR. We have great deals in place for both options. So, if you're around Stroudsburg, East Stroudsburg, Tobyhanna, Scranton, or Mount Pocono, reach out to our team!
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