When you’re trying to decide on your next Chrysler, Dodge, Jeep, or RAM in Winnipeg, it’s inevitable that you'll have to decide whether you want to buy or lease. Leasing is an extremely popular ownership option, and lots of people swear by it. There are also those who strongly advocate for purchasing your car.
How do you know which one’s the best option? Truth be told, the best option is the one that serves your needs and fits your budget.
Here are some factors to consider so that you can decide whether you should buy or lease your next vehicle from Eastern Chrysler.
Buying: It’s an investment that pays off
There’s nothing quite like owning your car. Once that car loan is paid off, you can go ahead and trade it for whatever you need, sometimes offsetting the cost of your next vehicle!
If this is your first car, buying is a great option because it helps build up your credit - something that you may not have had a chance to do yet in your life.
Freedom never felt so good.
Feel like making your car really yours? You can do that when you own that new car from Eastern Chrysler! You don’t need to worry about ownership limitations because it’s yours, not the property of the manufacturer.
You may also choose when you want to change vehicles. With a lease, you simply must turn the car in at the end of the lease term. With ownership, the amount of time you spend with that car is up to you.
Go wherever the wind takes you.
Leasing comes with a mileage restriction that can range from 16,000 to 24,000 km per year. While you can usually negotiate a higher mileage amount for your lease, that option will cost you. If you drive a lot or have a long road trip planned, buying is probably your best option.
Leasing: The latest and greatest.
Are you a trendsetter? Do you update your phone as often as possible? Then leasing is for you. You get to drive the latest models with the most advanced features.
Hassle- and worry-free.
Leasing comes with a contract, factory warranties, scheduled maintenance, and other benefits. Everything is very straightforward, and once your lease is over, you can turn in the vehicle. Easy as that.
Leasing is usually a little lower per month, and you also don’t typically need to worry about a down payment. That’s because with a lease, you’re only working on paying off the value of the car over a three-month period, whereas with a purchase, you’re working on paying off the lifetime value of the car!
Which sounds better to you?
Did you decide? Even if you’re not quite sure yet, you can go ahead and check out our current new car specials in Winnipeg to see what your options are. You can also go ahead and talk with our finance department about different payment options.
Whichever option is the one you decide upon, we’re happy to help you find your next new vehicle!