Financing or Leasing through Thelen Chrysler Dodge Jeep Ram in Michigan

When you are ready to add a new vehicle to your household, it is a crucial time to decide whether you want to purchase or lease.  There are multiple factors that go into making this decision including knowing the total cost of the purchase, whether you will have a vehicle to trade-in, and seeing how your credit score affects your financing options.  Here are some of those factors to consider when you are debating which way to go.

Going the Financing Route

If you want to go the financing way, there are many benefits.  There are often fewer fees to deal with and once the vehicle is paid off, it is permanently yours!  This also gives you the freedom to sell the vehicle once it is paid off if you no longer want it or are looking at upgrading.  This also means you can put as many miles on your vehicle as you want because you will not have a mileage allowance.  One of the downsides of financing is that the monthly payments can be pricey, and you usually have to put a down payment on your vehicle.  But if your end goal is to own your own car, truck, or SUV, financing is the way to go!

Choosing the Leasing Route

If you are interested in going down the leasing route, choosing this option usually means less expensive monthly payments.  This also means you do not have to deal with the headache of selling the vehicle eventually.  However, if you end up liking a specific vehicle, you can buy it at the end of your lease term. There are some no money down leases you can choose between, but you can find yourself spending more in the long term.  With a lease you also have a mileage allowance per year, so you will be restricted in that aspect.  But if you are looking to try out different vehicles every few years, leasing is a great option for you.

Finance or Lease a Jeep at Thelen Auto Group in Bay City, Michigan

Thelen Chrysler Dodge Jeep Ram in Bay City, Michigan, we offer a great selection of brand new Jeep vehicles. If you are ready to start your financing or leasing journey, contact us today about setting up your test drive!

(photo credit: istock)

Tags: Bay City, Finance, Lease, Michigan, Thelen Chrysler Dodge Jeep Ram, Vehicle Loan
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