Buy vs Lease near Chicago, IL

For many, the choice between buying and leasing requires some serious thought. After all, the plan you choose will impact your lifestyle and finances for the next few years, so it’s important to understand each avenue’s respective pros and cons and make a decision that’s best for your circumstances. Therefore, the finance team at St. Charles Chrysler Dodge Jeep Ram is here to clarify both sides of the coin!

Buying a Car

Generally, when customers buy a new or used vehicle, they end up financing a significant portion of the sticker price with an auto loan. Depending on your credit, trade-in amount, and down payment, it could take anywhere from four to eight years to pay down the balance and become the official owner of your ride. Although this can be expensive, it does allow you to drive as much as you please and keep the car for as long as you wish before handing it down to your kids or selling it. Just keep in mind that you’ll need to maintain the vehicle as it ages

Vehicle Leasing

Ultimately, you’ll need to account for your personal circumstances to decide whether buying or leasing makes the most sense. For instance, people who like to drive something new every few years or anticipate that their needs will change in the near future may prefer a lease, since these contracts let you upgrade every few years and make it easy to adjust the terms when you renew. On the other hand, customers looking to invest should consider purchasing. Similarly, if you have a long commute or don’t want to always have a car payment, then buying might be your best bet. If you’re still unsure, don’t hesitate to contact our team for assistance.

St. Charles Chrysler Dodge Jeep Ram is ready to help you decide whether to buy vs lease near Chicago, IL, so feel free to reach out to hear additional details. Once you’re ready to proceed, visit the dealership during our business hours!