Buy vs. Lease a New Vehicle
At Hertrich Chrysler Dodge Jeep Ram of Pocomoke, we know every driver's needs are different. Whether you're considering buying or leasing your next vehicle, understanding the advantages of each option will help you make the best financial decision.
Benefits of Buying
Own the Vehicle
Once your loan is paid off, the vehicle is yours. No mileage limits. No lease-end return. No excess wear fees.
Build Equity
Each payment builds ownership value. You can trade or sell your vehicle at any time.
No Mileage Restrictions
- Long commutes
- Road trips
- Work vehicles
- Family driving
Customize Freely
When you own your vehicle, you can personalize it with accessories and upgrades.
Long-Term Value
If you plan to keep your vehicle for six years or longer, buying is often more cost-effective over time.
Benefits of Leasing
Lower Monthly Payments
Lease payments are typically lower because you're paying for depreciation during the lease term, not the full purchase price.
Drive a New Vehicle More Often
- Latest technology
- New safety features
- Updated styling
- Full factory warranty coverage
Reduced Repair Costs
Most leases remain under factory warranty, helping reduce unexpected repair expenses.
Flexible End-of-Term Options
- Buy the vehicle
- Lease a new model
- Return it
Buying vs. Leasing Comparison
| Feature | Buying | Leasing |
|---|---|---|
| Ownership | You own the vehicle | Return at lease end (unless purchased) |
| Monthly Payment | Typically higher | Typically lower |
| Mileage Limits | No limits | Yes |
| Customization | Unlimited | Limited |
| Long-Term Cost | Lower if kept long-term | Pay to drive new every few years |
Let Us Help You Decide
The finance team at Hertrich Chrysler Dodge Jeep Ram of Pocomoke can show you side-by-side payment scenarios based on your credit profile, driving habits, and financial goals.
Contact us today to compare your buying and leasing options.