Learning the Difference Between a Purchase and a Lease at Johnson Family Chrysler Dodge Jeep RAM in Floyd, VA

We receive many questions about the differences between a purchase and leasing from a lot of our Christiansburg, VA customers. There are a lot of misconceptions about auto loans and leases and we want to make sure that we set the record straight for our Salem, VA customers. There are a lot of advantages to both financing options and the finance team at Johnson Family Chrysler Dodge Jeep RAM, located at 178 Parkway Lane South in Floyd, VA, can examine your specific situation to help you figure out which choice works best for you. Check out our new vehicle inventory to see what we currently have available to lease or purchase at our dealership.

Leasing and Buying

Folks in Roanoke, VA who are interested in leasing might be attracted by the low monthly payments that they see advertised. Leasing can offer people a much lower monthly payment than they would get on the same Chrysler, Dodge, Jeep, or RAM vehicle with a traditional auto loan. One of the reasons that is possible is because, with leasing, you are only paying for the time you have the vehicle, as opposed to buying where you pay monthly on your auto loan and, at the end of the loan, you own the automobile. If you want to own a car you leased, you must buy the vehicle at the end of your lease agreement. If you don’t want to buy the vehicle at the end of the lease agreement, you can lease another car or do something completely different.

When a Blacksburg, VA customer purchases a new car, they are free to modify or personalize it in any way they want. You can’t do that in a lease agreement. A lease also comes with a set mileage restriction and you may incur damage fees if you have any unfixed dings or dents on your vehicle. Purchasing doesn’t come with those caveats. Leasing does give you the ability to get a new car every two to four years with the latest technology and upgrades.

Special Leases and Loans Available

The finance center at Johnson Family Chrysler Dodge Jeep RAM, in Floyd, VA, has all the information you need about the current financing and leasing specials. Get in touch with a finance professional and find out which of these specials apply to you and the vehicle you are interested in.

Categories: New Inventory, Social, Finance
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