Lease vs Buy

Learn More About Whether Leasing or Buying a Chrysler Dodge Jeep Ram is Right for You

  

Have you always wanted to own a new Jeep SUV or Ram truck? Or, perhaps you'd love a new family-friendly Chrysler minivan to drive around. Did you know that drivers have multiple options when it comes to driving a brand-new Chrysler, Dodge, Ram, or Jeep model? Explore your leasing and buying options today!

Explore the Benefits of Leasing & Buying!

 

The Benefits of Leasing

  • The pride in driving a brand-new vehicle
  • Spend less money on maintenance 
  • Less monthly payment
 

The Benefits of Buying

  • Take pride in owning a vehicle
  • Ability to sell or trade your vehicle
  • No yearly mileage caps or customization limits

Your Leasing & Buying Questions Answered!

If I lease a new vehicle, am I getting a better deal than purchasing?  

Leasing does generally mean driving a new car for less money, but if you plan on driving a particular vehicle for longer than three years, purchasing might be a better deal. Our expert finance consultants can help you decide which option is better for your unique budget. 

What is an APR?  

An annual percentage rate (APR) is the amount of interest you pay. An APR applies to loans and leases alike. 

Can you explain residual values?  

The residual value is the projected value of the vehicle at the end of the lease. If you decide to purchase the Dodge car at the end of the lease, the residual value is the amount left for you to pay. 

How is sales tax applied to a lease?  

As mentioned above, sales tax is usually less on a leased car than a purchased one because you only pay sales tax on the amount the car is worth during your lease, rather than the entire value of the car. 

How should I determine what mileage to include in the lease?  

If you drive as many miles as the average person, with a few road trips here and there, 10,000 miles annually should be a great start. The good news is, Saco drivers can always add more miles if needed, for a fee. 

What is the shortest car lease available?  

24-months, however most of our leases are 36 months. 

What if I need to end my lease early?  

If you need to end the lease contract early, there is a penalty. Please contact our finance team if you need to discuss your options. 

What happens at the end of my lease?  

At the end of your lease, you can either return the vehicle to us (assuming it's in good condition and under the allotted miles) or buy a new one. You also have the option to start a new lease on a brand-new car.

Are You Interested in Leasing & Buying?

If you're in or around the Saco, Old Orchard Beach, Portland, or Dayton, ME. areas it's easy to get started at Prime Chrysler Dodge Jeep Ram. We can link you up with one of our finance consultants to discuss the starting steps. We look forward to serving you!
  1. Prime Chrysler Dodge Jeep Ram

    824 Portland Rd
    Saco, ME 04072-9672

    • Sales: (207) 282-4101
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Questions For Our Team?

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* The advertised price does not include sales tax, vehicle registration fees, other fees required by law, finance charges and any documentation charges. A negotiable administration fee, up to $115, may be added to the price of the vehicle.

* Images, prices, and options shown, including vehicle color, trim, options, pricing and other specifications are subject to availability, incentive offerings, current pricing and credit worthiness.