When you're picking out a new vehicle at our dealership in Albuquerque, NM, you may be wondering whether financing or leasing is the right option for you. You can visit our on-site finance center to meet with our finance professionals about what path is right for you. Read on to learn more!
The Differences Between Leasing and Financing
If you want lower monthly payments and to drive the latest models, a lease might be right for you. When you lease a vehicle, you are essentially borrowing it from the dealership for a set period. Once that period is up, you can easily return it to the dealership in exchange for a newer model or purchase it. Leases typically have mileage limits.
If you want to drive the same dependable vehicle for many years to come, then you should opt for financing. Though your monthly payments will be higher, you will have complete control over your mileage and service recommendations. You will also own the vehicle once your payments are done, which is something you don't get with leasing.
Visit Larry H. Miller Casa Chrysler Jeep to Learn More
If you would like to learn more about the differences between leasing and financing, we encourage you to visit our dealership in nearby Albuquerque, NM, for an appointment with our expertly trained service team. We can help you pick out the best plan for your unique needs and budget. We look forward to working with you soon!