FAQ: Leasing vs. Buying

FAQs About the Differences Between Buying and Leasing in Canton

Our Canton Ram, Dodge, Chrysler, and Jeep dealership helps every customer with the auto finance process, and by doing so, we make your whole car shopping experience easier. We've answered a lot of questions about auto financing over the years, which means that we've seen a lot of frequent questions about differences between buying or leasing your next model. Below, we answer some of the most frequently received questions about auto financing!

How Are Buying and Leasing a Vehicle Different?

There are a lot of small differences between buying or leasing a vehicle near Lindale, but the main difference comes down to buying a model makes it yours while leasing is similar to renting a vehicle. Each of these options has its own benefits and drawbacks.

Does Buying or Leasing Cost More?

Buying a new Jeep SUV or Ram truck near Athens will cost you more upfront than leasing the same model, so if you want short-term savings, a lease is the way to go. But in the long run, buying your vehicle will come with minimal costs after you pay off the loan while you will continue to have to make lease payments if you choose this option.

Is Buying or Leasing the More Flexible Auto Finance Option?

Buying and leasing are flexible in their own ways. Leasing a car means you can upgrade to a different model at the end of your lease, but you can't make modifications to that model. Buying a car ties you in with that model, but you can always choose to sell it whenever you want and make modifications to it.

What Are My End of Lease Options?

Leasing is also flexible because of the lease return process. When your lease is coming to an end, you can choose to buy the model you've been driving, buy a different model, or find another Ram or Jeep lease near Terrell.

What If I Drive Over My Lease Mileage Limit?

Your lease agreement does have a mileage limit for how many miles you can drive each year, and going over this will lead to extra fees when you turn it in.

Learn More About Auto Financing Near Tyler!

These are just some of the many questions we receive about buying or leasing a vehicle near Longview, so if you have others that we didn't answer above, be sure to contact our auto financing department today!

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  1. I20 Chrysler Dodge Jeep Ram

    15710 I-20
    Canton, TX 75103

    • Sales: 9035678146
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  • Contact our Sales Department at: 9035678146
  • Monday09:00AM - 07:00PM
  • Tuesday09:00AM - 07:00PM
  • Wednesday09:00AM - 07:00PM
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