Buying vs. Leasing

When you're searching for a new vehicle, there are decision throughout the entire process. Beyond just finding the right vehicle, you'll need the right finance option to match. To that end, it's important to understand the finance solutions available to you, like buying with an auto loan, or leasing. We want Danvers drivers to know the benefits of each.

Buying a New Chrysler, Dodge, Ram, FIAT, or Jeep Brand Vehicle

  • When you buy your vehicle with an auto loan, you own it! That means there are no limitations on how much you drive, or in what ways you can alter and accessories your vehicle.
  • Though monthly payments tend to be higher because you're paying full value, eventually they end once you've paid off your loan.
  • You can resell your vehicle at any time, and keep the cash value for yourself. You're also free to trade in your vehicle whenever you'd like, and put its value toward the purchase of a newer one.
  • For those who love to drive their vehicle for a long time, buying is the best option.

Leasing a New Chrysler, Dodge, Ram, FIAT, or Jeep Brand Vehicle

  • While the dealership maintains ownership of the vehicle throughout your lease, you don't end up paying full price. Essentially, you only pay the value the vehicle loses during your lease term. This translates to lower monthly payments.
  • Routine maintenance is generally covered under warranty throughout your lease.
  • Mileage limits and wear and tear restrictions often apply on a lease, resulting in additional fees if exceeded. There may also be a penalty for ending your lease early.
  • When your lease ends, you can simply bring your vehicle in for a hassle free return process. Here's the best part: you can drive home in the newest model available when you sign a new lease!
  • For those who love to drive a brand new vehicle more often, leasing is the best option.

If you have any questions, don't hesitate to contact the helpful team in our Finance Center. Otherwise, visit Herb Chambers Chrysler Dodge Jeep Ram FIAT of Danvers for a test drive!

Contact

Herb Chambers Chrysler Dodge Jeep Ram FIAT of Danvers

107 Andover Street,
Directions Route 114,
Danvers, MA 01923

  • Sales: (877) 244-5583
  • Service: (888) 550-1102
  • Parts: (888) 550-1102

Make an Inquiry

By submitting your contact information, you consent to be contacted by telephone about purchasing a vehicle or obtaining vehicle financing. Clicking on the Submit button above is your electronic signature.

Schedule Service