Leasing vs. Financing a New Car: Which is Best for You?

If you’re trying to decide between leasing vs. financing at your CDJR dealership, we understand the decision can be tough. There’s really no right or wrong option here: just what’s right for you.

Leasing vs. Financing at Your CDJR Dealership: What’s Right for You?

Whether you’re looking at financing a Jeep in Clearfield or considering leasing options, each choice has its unique benefits. Leasing often offers lower monthly payments and the flexibility of upgrading to a new vehicle every few years, while financing builds equity and offers the long-term ownership advantages. In this guide, we’ll break down the key differences between leasing vs. financing, so you can make the best decision when exploring vehicles at a dealership in Clearfield.

When You Want to Lease

You will typically enjoy a lower monthly cost when you’re leasing than if you’re paying on a car loan, so this can enable you to get into a nicer vehicle: something bigger for the family or something with extra tech that’s really important to you. Leasing can help you get into a car if financing might be too much of a stretch for your personal savings.

Leasing also great takes much of the trouble of having a vehicle off of your shoulders. If something needs to be repaired, that’s not your expense to worry about. You don’t have to worry about reselling the vehicle, either, wondering when is that sweet-spot moment where you’ve perfectly balanced the depreciation vs. the resale value. And if you like getting access to a new car every couple of years, leasing is a good choice for you.

When You Want to Finance

Financing is a great option if you want to have complete control of your vehicle. The vehicle belongs to you, which means you can trick it out however you want and don’t have to worry about how many miles you’re putting on it (there are yearly limits with leasing). When you finance and own a vehicle outright, you also have a tangible asset that you can sell later if you need to. And, if the kids get a little rambunctious in the back seat and stain or break something, you don’t have to worry about paying any fee when you turn the vehicle in.

Finally, while the down payment and monthly payments are a bit larger, you can also get access to financing with a lower credit score than you can with leasing, generally speaking.

How to Decide

Ultimately, the decision is up to you and what works best for you and your family. If a credit score is a problem, financing might be the right route. If you don’t have a lot of immediate cash on hand, leasing might be the best option. If it’s important to have complete control over the vehicle, you’ll want to finance. If you want to drive something new regularly and leave the repairs to someone else, choose leasing.

Come see us at Five Star Clearfield CDJR in Clearfield, PA. We’d love to show you all the leasing options at Five Star Clearfield CDJR and help you make the right choice for you.

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