|Buying a Car, Truck or SUV?|
Here are a few questions to help you decide which choice is better for you.
How much do you drive?
Do you drive a lot? Lease agreements usually allow for about 10,000 to 15,000 miles per year. If you exceed the mileage outlined in your lease agreement, you will have to pay extra for each mile. However, as a point of comparison, if you plan on trading in a car when you buy your new car, you'll be penalized for above-average mileage, too.
How rough you are on a car?
If you're prone to getting scratches on your car or have a high risk of damage to it from kids or other hazards, a lease may not be for you because of the wear-and-tear fees. Wear and tear fees vary depending on your lease agreement.
How long do you plan on keeping your car?
This is a big consideration, of course, since if you only want to drive the car for a few years, leasing is the most convenient option. However, you'll pay a lot--as much as six months' worth of payments--if you try to get out of the lease before the term is up. You'll need to be sure you can stick to the terms of your auto lease.
|OR - Leasing a Car, Truck or SUV?|
Here are a few more questions to help you decide which choice is better for you.
There is little or no down payment required, and no up-front sales tax payment (in most states). Leasing is a low-cost way of driving a Chrysler. You only pay for the portion of the vehicle you use.
Do you drive the vehicle for business?
When you lease a car, a portion of the car's depreciation and financing costs can be deducted on your taxes. Interest on loans to buy a car, however, are not deductible (please consult your tax adviser). A lower payment means more disposable income for you. You can tailor your lease to fit your driving habits. Leasing means there is no hassle with trade-ins or selling your vehicle. We take the risk of the resale value at the end of the lease and provide you with a set purchase option. You can just hand the keys over to the dealer and get a new lease.