When it comes time to get behind the wheel of a new FCA US LLC vehicle here at Gillman Chrysler Dodge Jeep® RAM, Houston, TX drivers have a couple of different options: leasing and buying. While buying tends to be the more popular option, leasing is an excellent choice for a certain type of driver. If you’re new to leasing, we understand that it might be a complex process, but our friendly experts at our RAM finance center are here to help demystify car leasing.
First of all, you may be wondering, what exactly is a lease? The most simple way to explain a lease is to say it’s similar to a long-term car rental. Instead of owning the car outright, you’ll pay a monthly payment to the bank, which is the rightful owner of the vehicle. At the end of the lease, which is typically two or three years, you’ll return the vehicle to our dealership. At this point, you can choose to purchase the car outright or drive away in a new Chrysler, RAM, Dodge, or Jeep vehicle that you lease.
When you choose to lease a car, there are a few restrictions that come along with it. First, the mileage that you can drive every year is typically restricted to 12,000 to 15,000 miles, so if you tend to drive more than this amount, leasing may not be the best option. Also, when you return the vehicle, the damage cannot exceed normal wear and tear, or else you’ll be charged a fee.
At the end of the day, leasing is a great option for people who want to drive the newest Dodge, Chrysler, Jeep, and RAM vehicles when they are released, and wish to pay lower monthly payments than if you purchase. Stop by our dealership to check out the vehicles that you can lease.
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