Are you considering purchasing a new Chrysler, Dodge, Jeep®, or RAM vehicle near Pearland, TX? Then you’ve probably already figured out your budget and wondered how you were going to finance it. There are two basic ways to finance a new car: buying and leasing. Either option has pros and cons associated with it, which is why here at Gillman Chrysler Jeep Dodge RAM, we want to get you more familiar with which is best for you.
Reasons to Buy a New Car
If you have the means to do so, buying a new car is a good long-term investment, though you should be aware that financing a new car tends to yield more costly monthly payments. When you purchase a new car or finance a new car, you own the car for as long as you’d like to. That means that when it comes time to sell your ride, you will reap all of the profits. Buying a car is good for those who think they will rack up miles or plan to drive long distances, because when you lease a car there are mileage limitations that can incur penalty fees. This is also a better option for those who prefer to have a car for over three years or want to avoid being penalized for any damage or wear and tear on the vehicle.
Reasons to Lease a New Car
If you are looking for lower monthly payments and don’t mind having specific limitations on your driving abilities, then leasing a car is right for you. When you lease a new car, you only pay on the car’s expected depreciation value, not the entire value of the vehicle. There is a set amount of time that you will drive the car, usually between 36-72 months, and when your lease is finished you just drop your car off at the dealership. This is a great option for people who like to get a shiny brand-new car every few years or who want to pay a lower monthly fee, but you should be aware that there are mileage and damage penalties you may have to pay if you violate the terms of the lease.
No matter which form of payment you choose, the experts in our car finance center will work with you to find the best solution that meets your budget. We want to make it as easy to drive home in a new 2017 RAM 1500 or 2017 Jeep Cherokee as possible, so be sure to check out our selection of new cars in Houston, TX and stop by our car dealership located at 10585 W Sam Houston Pkwy!
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