Finance vs Leasing

Let The Finance Center at Michiana Chrysler Dodge Jeep Ram Help You Decide Which Option is Best for You

The Question of How to Finance Your Next Vehicle

The debate we are seeing more often among many of our South Bend, IN customers is how they should finance their next car, truck, SUV, or minivan. Many of them are torn over whether buying or leasing is the right decision for their lifestyle and budget. We understand why the choice is difficult. Financing a car is a big decision. It is often tens of thousands of dollars, so you want to make sure that you are making the right call. The finance center at Michiana Chrysler Dodge Jeep RAM FIAT, located at 120 W McKinley Avenue in Mishawaka, IN, is here to give you the information you need to make the best decision for your budget and lifestyle.

Does a Lease Agreement Work for Me?

Entering a lease agreement can have many advantages for some Elkhart, IN drivers. After all, there is a reason that this option has continued to grow in popularity. For some folks, the lack of understanding regarding what a lease is might be the reason they are hesitant. Essentially, a lease is a financing option that allows you to own a new car, truck, SUV, or minivan for a short period of time, and for an agreed upon number of miles. 

What Are Some Benefits of Leasing a New Car

If you've ever wondered why so many of your friends and neighbors in Niles, MI have chosen to lease their new car, truck, SUV, or minivan, you may want to explore the many benefits of leasing. In fact, some drivers only become interested in leasing once they see the many perks they can get by choosing this financing option. These are just some of the attractive benefits a lessee receives:

  • A low monthly payment on a new vehicle
  • Not responsible for any auto repairs because of warranty coverage
  • No worries or concerns about selling or trading in the vehicle
  • A variety of options when the lease period ends

Should I Choose to Go with an Auto Loan?

There are a lot of Michigan City, IN drivers who still choose to go with an auto loan when they finance a new Chrysler, Dodge, Jeep, RAM or FIAT vehicle. Even with the increased popularity of leasing as a finance option, a car loan might be the right path to take for many drivers. After all, there are lots of folks who are better served by buying their next vehicle. Like leasing, the people who go with an auto loan tend to have some things in common like:

  • The desire to customize their vehicle, so it meets their preferences
  • An unpredictable driving schedule or high-mileage driving
  • A tendency, or desire, to own vehicles for a long period of time

The Advantages of Getting an Auto Loan for My Vehicle

Leasing isn't the only financing solution with its set of benefits. Deciding to buy your new car, truck, SUV, or minivan also has its own perks. There are still plenty of folks who find that these benefits are attractive enough to forgo the intriguing lease payments they often see advertised. Some of the advantages of getting an auto loan for your new vehicle include:

  • Equity at the end of the auto loan that can be used toward the purchase of a new car
  • No need to be concerned with a mileage limitation
  • There are no end-of-lease obligations or damage fees to consider at the end of an auto loan
  • When your auto loan ends, there are no more car payments.

Discover All of Your Financing Options at Michiana Chrysler Dodge Jeep RAM FIAT

For some folks, the financing deals and lease specials are what makes the final decision. Michiana Chrysler Dodge Jeep RAM FIAT, in Mishawaka, IN, always has promotions available for your perusal. Apply for credit with us today and find out what car loan and lease deals are applicable to you.

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