Should You Lease or Finance Your New Dodge or Ram Vehicle?

When you find the perfect vehicle in our new inventory, your journey with Larry H. Miller Dodge Ram Peoria is only just beginning. You can next visit our on-site finance center to discuss the many benefits of leasing or financing your vehicle. There are pros and cons to both, so today we'll be digging into what route may be right for you.


Leases are popular because they have lower monthly payments and allow you to drive the newest Dodge or Ram vehicle. Additionally, trading in your leased vehicle is much easier than if you purchased. The downside of leasing is that there is a mileage limit on your vehicle, as well as a maintenance schedule that you are expected to follow.


Purchasing is a great path if you plan on customizing your vehicle or driving long distances regularly. Once you buy your vehicle, it's yours—unlike a lease. The downsides of purchasing are that you may face depreciation when trading in your vehicle, and sometimes the monthly payments are higher.

Visit Larry H. Miller Dodge Ram Peoria to Learn More

If you'd like to learn more about the benefits of different financing options, we encourage you to visit our on-site finance center today. You can meet with our professional finance team members to find the perfect solution for your unique needs. We look forward to working with you soon!

Categories: New Inventory, Finance

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