Should I Buy or Lease?

Are you on the hunt for the perfect new car, truck, or SUV to take on the Omaha streets? Have you been wondering, “should I buy or lease?” The finance experts at Edwards Chrysler Dodge Jeep Ram FIAT are here to help! Figuring out how to finance your car can be difficult, which is why we’re here to help you navigate leasing vs. financing. There are benefits to both options, but we want to find the best one for your specific budget and financial situation. Let’s walk through the benefits of each option before you visit Edwards Chrysler Dodge Jeep Ram FIAT to browse our models in person!

Should I Finance a Car?

When you finance a car, you own it outright once you have paid off your car loan. This comes with a variety of benefits, including:

• Financing Options: Whether your credit is perfect or just ok, there’s usually a way we can work with you to help you drive home in a new car! There are also options to refinance your loan or lower your interest rate when financing.
• Total Ownership: When you own a car, you are free to customize it to your liking! Because it’s yours, you won’t have to follow any rules or guidelines in terms of customization and decoration.
• No Mileage Limits: Leasing comes with mileage restrictions, but you won’t have to worry about that when you finance your car. Feel free to take as many road trips out of Bellevue as you please!
• Selling Your Car: When the time comes for you to choose a new car, you’ll be able to sell your current car to get the price of your new car down. Be sure to value your trade before trading in!
• Cost Over Time: If you plan to drive a car for many years, financing will typically end up being less in the long run. While a downpayment is needed upfront, once you own the car, you’ll no longer have car payments.

Should I Lease a Car?

Leasing a car is a great option if you don’t know what type of car you want to commit to or you plan on needing a different type of car down the line. Here are some advantages of this option:

• Lower Monthly Payments: While you’re never “done” with lease payments during the duration of your lease, the payments are typically lower than that of financing. Plus, you won’t have to worry about having a large down payment ready.
• Lower Sales Tax: Additionally, leasing a vehicle will lower sales tax in most states.
• High Approval Rate: Because leasing doesn’t require a larger down payment, it can be a lot easier to get approved for leasing a car.
• Options: Leasing a car gives you a lot more flexibility than buying. Not sure you want to keep your car long term? Excited about the next model? Lease agreements are only a few years, so you can easily trade in and trade up.
• Warranty Coverage: When you lease a car, dealing with auto service and warranties is much easier. As long as you don’t exceed your mileage limit, routine maintenance and repairs are covered!

Buy or Lease from Edwards Chrysler Dodge Jeep Ram FIAT!

Ready to drive home to La Vista in your next ride? Still need more car-buying information? Either way, we’re here to walk you through the finance process. Aside from helping you navigate whether you should buy or lease, we can help you learn about CPO vehicles, whether you should buy Gap insurance or not, and more! Get the best price on Fiats or any model whether you buy or lease with Edwards Chrysler Dodge Jeep Ram FIAT. Still have questions about leasing vs. buying? Contact us at your convenience! We’re eager to help you with all things auto finance. Whether you want to lease a RAM 1500 or finance a Jeep, we’re here for you every step of the way.