Which Is Better: Buy or Lease a New Vehicle?

When you're looking for a new car, truck, or SUV, it all starts with asking the right questions. How big should it be? How much can you afford? Which model and body style? And will you buy it, or take on a Chrysler lease?  

The answers you seek - and the vehicles and financing that go with them - are all here at Hall Chrysler Doge Jeep® RAM Virginia Beach.  

When You Should Lease  

Let's say you decide to lease a new Jeep Cherokee. You'll see a number of benefits, including less money down in order to get low monthly payments. At lease end, you don't have to worry about depreciation (it's baked into the lease) or with resale (that's our problem).  

If you like the latest and best our brands have to offer, leasing lets you stay on top of the latest styles and technology. When the lease is over, you can lease another vehicle, buy out the current one, or jump ship to another brand.  

When You Should Buy  

Leasing offers great flexibility, but only up to a point. Buying a new RAM truck can be a better fit for many people.  

With leases, the mileage limits are restrictive if you have a long commute or a taste for road trips. If you're using your vehicle for hauling or towing, wear penalties add up fast. Making modifications is off the table because accessorizing the outside or adding performance modifications under the hood leads to penalties at lease end, too.  

Buy your vehicle and you can do what you want, drive where you want, without worrying about it costing extra in a few years' time.  

Financing a Chrysler Vehicle at Our Dealership  

Leasing and ownership do share some things in common despite their differences. There's the great selection at your Virginia Beach Jeep dealership. There's the great rates and options afforded by Chrysler financing.  

And, of course, the team at Hall Chrysler Dodge Jeep RAM Virginia Beach backs what we sell with great Mopar® service and parts. Whatever your needs (or your credit), pay us a visit today!