Sansone Chrysler Jeep Dodge RAM – Deciding between a lease or loan for your next vehicle near Elizabeth NJ
When many of our valued customers visit our showroom to check out the latest models, they have not yet decided to take out a car loan or to lease their next vehicle. While these two financing options will both give you manageable monthly auto payments, their differences often make one more suitable for the customer than the other option. Consider that a car loan may have a term of three years up to seven years or more. This provides you with a convenient way to adjust the loan payment to suit your budget. Once the loan is paid off, the vehicle is yours to drive for as long as you want and without making another car payment. You can even modify the vehicle as desired and do not have to follow a mileage restriction.
A car lease, on the other hand, is usually three to four years long. However, because of the residual value, lease payments are often more affordable than a loan payment. When the lease ends, you have a few flexible options available. Many drivers enjoy a stress-free return process and take the opportunity to lease a newer model. Others choose to buy the vehicle with cash or a loan, and some people extend the lease. Vehicle modifications are not permitted when you lease your vehicle, and you must stick to the established mileage limit.
At Sansone Chrysler Jeep Dodge RAM Jeep Dodge RAM near Elizabeth, we offer you a fast, convenient way to get firm details about your financing options. From home, simply complete our credit application online. With this easy step, you can line up financing before your next visit to our showroom. Also serving Edison New Jersey, Perth Amboy New Jersey, and Staten Island New York.
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