Buying vs Leasing

Buying and Leasing: Which Payment Option Is Better for Me?

One of the most frequent questions we receive, here at Ganley Village Chrysler Dodge Jeep Ram FIAT, pertains to the differences between, and inherent benefits in, leasing and financing.

Your financing choices are incredibly important. That is why our team of friendly financing professionals are here to help you every step of the way. When you have picked out the vehicle you like, we will introduce you to the financing team, and they will help you with all of your payment needs.

However, how are you supposed to know whether you should finance or lease your vehicle? Which is the better option?

Financing vs. Leasing

The most important thing to remember is that there is no objective answer for this question. It all comes down to personal preference, your budget, and your driving habits.

Financing is the usual route drivers take, as many people want to own their vehicle. Financing involves taking out an auto loan to cover the initial cost of the vehicle. You then pay down that loan over the years. Once the loan is entirely paid off, you will officially own the vehicle.

Financing could be a good option for you if:

  • drive a lot during the week
  • want to own your vehicle
  • want complete control over the look, feel, and performance of your vehicle

Leasing is a popular alternative to financing. Because you do not own the vehicle, you will not have to take out an auto loan. Additionally, your monthly payments may be lower than they would be if you financed your vehicle (due to the inherent differences between paying a lease and paying a loan). However, leasing is not a good option for people who drive a lot throughout the week, or those who want complete control over their vehicle. Leasing has certain parameters you must follow.

Leasing could be a good option for you if:

  • do not drive a lot, or drive short distances during your day
  • do not want to own your vehicle
  • need a vehicle for professional purposes

No matter what, our financing team would be happy to help you with the details of either payment option.

Have Any Lingering Questions?

If you would like to learn more about our selection of vehicles, we invite you to visit us at Ganley Village Chrysler Dodge Jeep Ram FIAT in Painesville, OH. Our team would be more than happy to assist you with all of your vehicle needs.

We serve drivers throughout Painesville, Mentor, Willoughby, Chardon, Cleveland, and Mayfield Heights.


Ganley Village Chrysler Dodge Jeep Ram FIAT

2115 Mentor Ave
Directions Painesville, OH 44077

  • Sales: (877) 651-3031
  • Service: (888) 418-4329
  • Parts: (888) 362-4932

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