Purchasing your next vehicle is a major choice you have to make, and there are often financing options available to make it easier on the customer.
Leasing a car is similar to renting one in which you make payments for the use of it over a period such as 2 to 3 years. After that period, you may have the option to either buy it or return it to the dealer. The upfront cost for a leased vehicle may include items like fees, deposits, and first month’s payment and you will be responsible for the wear and tear of the car if there is any. However, you will have lower monthly payments, get more car for your money, pay fewer sales tax and no trade-in hassles at the end of the leasing period.
If you are planning to have your car for a long time, buying it would be your best option. Buying it may include items like the cash price or a down payment including fees, registration, and sales taxes. It also may have higher monthly payments, and you are responsible for repair costs once the warranty expires. Unlike leasing a vehicle, you can also drive it for as many miles as you wish and you do not have to worry about excessive wear and tear, and it can be modified or customized to your liking.
If you are now going through the steps to purchase or lease a new vehicle, stop by our dealership today at Larry H. Miller Dodge Peoria, in Peoria, AZ, and let us help you.
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