Chrysler Financing 101: Leasing vs. Buying

It’s the ultimate vehicle question nowadays: Should I lease or buy a new vehicle? We offer several options at Cook Chrysler Dodge RAM, and our Chrysler financing team can help you determine which course is best. Let’s cover some of the factors you should consider when it comes to leasing or buying a new vehicle. 

What Are the Benefits of Leasing? 

With a Chrysler lease, you typically have lower monthly payments compared to buying a new car. You can drive the latest models without having to pay full price. Because you’ll be driving a newer car, any repairs will likely be covered under the original new vehicle warranty. 

When your lease term has ended, you’ll have several lease-end options. You can return the car, swap it for a new lease, or purchase it.  

What Are the Benefits of Buying? 

Buying a new Chrysler vehicle is an attractive option for many drivers. If you plan on driving often or making any large road trips, buying your car may be a better option, since leased cars have mileage restrictions. If you want to own your vehicle for its entire lifespan or get a return on your investment by trading it in, buying a car is the way to go. 

There are plenty of Chrysler financing options available for drivers looking to purchase a new car. Applying to get pre-approved through our dealership is a great way to get started. 

Which Is Right for You? 

In the end, determining whether to buy or lease a new Chrysler vehicle depends on your situation. Drivers who spend a lot of time on the road will likely get more value out of buying a car. However, leasing might be better if you don’t drive that much and want to keep up with new Chrysler models every few years. Our Aberdeen, MD Chrysler dealers can help you determine the best option for you. 

Chrysler Financing and Leasing in Aberdeen, MD 

If you’re looking to purchase a car or shop for leases, we’re ready to help you. Contact Cook Chrysler Dodge RAM today to lease or buy a new Chrysler vehicle!