When it comes time to get your next vehicle, one of the biggest decisions is whether to lease or finance your new ride. At Suburban Chrysler Dodge Jeep Ram of Ann Arbor, we offer flexible options for both leasing and financing to help you get behind the wheel of the right vehicle for your needs and budget.
Benefits of Leasing
With a lease, you make smaller monthly payments and get a new vehicle every few years. You have the option to purchase the vehicle at the end of the term or simply return it to the dealership. The benefits of leasing include:
- Lower monthly payments than financing
- Less money due at signing
- Ability to drive a new vehicle every few years
- Warranty coverage for most repairs
- No long-term commitment if your needs change
Benefits of Financing
Financing a vehicle means you are purchasing it and will own it once the loan is paid off. Most financing terms are for 4-7 years. Financing is a great choice if you plan to keep your vehicle for many years and want to build equity. Benefits of financing include:
- No mileage restrictions like with leasing
- Ability to customize your vehicle
- Can sell or trade in your vehicle at any time
- Once the loan is paid off, you own the vehicle outright
Visit Us Today
Still not sure whether leasing or financing is right for you? Visit Suburban Chrysler Dodge Jeep Ram of Ann Arbor today to speak with our friendly and knowledgeable finance team. We'll take the time to listen to your needs, answer all your questions, and help you determine the best path forward. With our flexible options and current specials, we make it easy to drive home in your dream car, truck, or SUV.
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Finance