Buy vs. Lease

Why Buy a New Car?

When you choose to buy a new car, the bigger financial responsibility comes with long term benefits and overall freedom over your vehicle. Purchasing a car, truck, or SUV, makes you wholly responsible for the overall cost and any accrued interest, if you take out a loan. This will typically result in the need for a higher down payment and monthly installments.

This financial responsibility pays out with total control over your vehicle, because when you buy it, it is fully yours. You can make modifications and customize your vehicle as you see fit. Additionally, your vehicle will gain equity over time aiding in future purchases. When you own the vehicle, you also have the option to sell or trade in to use towards your next purchase.

Why Lease a New Car?

Leasing may be the right choice for several reasons, including financial and driving habits. With a lease, you agree to borrow the vehicle for a contracted time period. Over the course of your lease you are responsible for monthly payments that are calculated using the vehicle’s initial value. This keeps you from having to worry about vehicle depreciation.

Your lease may stipulate mileage limits, customization limits, and more to ensure the vehicle is returned in a quality condition. Additionally, your lease may include maintenance, lessening ownership costs. When your lease is up you have options to return the vehicle, buy out your lease, or find another vehicle!

Finance or Lease Your New Car Near Bedford

Buying and leasing each come with their own benefits that you must weigh against your finances and driving habits. We invite you to visit Contemporary Chrysler Dodge Jeep Ram to view our full inventory of new cars, trucks, and SUVs! When you find the right one, our team will guide you through financing options. We are conveniently located to serve the Manchester, Merrimack and Bedford areas. With any further questions do not hesitate to contact us online!

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