For Billings drivers, it can be difficult to navigate the car-buying experience. Lots of jargon gets thrown around, often leading to confusion. This doesn't have to be the case, especially when you work with Lithia Chrysler Jeep Dodge of Billings and our incredible finance center. Let's take the time to demystify the ideas of leasing a vehicle versus financing a vehicle. Read on to find out which option works best for you.
Leasing
Bozeman drivers: leasing a vehicle might be the way to go if you're looking to reap the benefits of an automobile for a short period of time. Leasing is like renting a car, only instead of for a weekend, you have the car for two or three years. Leases come with a lower monthly payment rate, especially if you are able to supply a decent down payment.
Again, you will be returning the vehicle at the end of the decided lease period. Before you sign on, you will decide on an annual mileage limit for your vehicle. Consider what your usage will be. Do you plan on going on road trips? Or are you using the car for local commuting around Sheridan, WY?
Leasing is a great short-term solution if you're in an area temporarily and need a vehicle to get you around. Leasing is typically not thought of as a path to car ownership.
Financing
If you're a Cody driver looking to own a vehicle, financing is a great option. Finance plans allow you to pay off your vehicle over time, so you don't have to front the cash all at once. A larger down payment will allow you to pay less on a monthly basis. Finance agreements typically last four to six years.
If you want to own a vehicle outright, this is the way to go. This option is best for those with stable living and employment situations.
Visit our Dealership near Miles City
Now's the time to learn more about buying versus leasing and financing through out dealership. Don't wait! Contact Lithia Chrysler Jeep Dodge of Billings today!
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Finance