Leasing vs Buying


Shopping for a new set of wheels is exciting, but once you find your perfect match, your decision making isn’t quite over. Before you can ride off into the Aiken, Graniteville, and Gloverville, South Carolina, sunset in your new ride, you’ll need to secure an accommodating payment plan for it. Luckily, the expert team in the Miracle Chrysler Dodge Jeep Ram (CDJR) Finance Center is here to help.

Whether you’re buying or leasing your vehicle, we’ll craft a tailored contract that suits your needs and lifestyle. Not sure whether leasing or buying is best for you? Let us help with our comprehensive leasing vs. buying guide.


Buying a Car

Buying a Vehicle

Interested in full ownership of your new model? Buying is pretty straightforward, especially if you have cash at the ready. Simply pick out your dream car, hand over the amount required, and you’ll be on your way. However, financing your vehicle through a third-party lender is the most popular way to purchase a car.

If you decide to go with this option, you’ll work one-on-one with a finance specialist right at our lot. They’ll use their strong connections with banks and lenders to find you an appropriate match. The lender will then pay our dealership in full for the model. A down payment is also typically required.

You will then make monthly payments, plus pay interest, until the auto loan is paid off. Then, you’ll be the proud owner of your dream car.


Leasing a Vehicle

Curious to see how leasing differs from buying? If you decide that leasing a brand-new model from our inventory is right for you, here’s what’s in store.

First of all, leasing is often thought of as a long-term rental. Contracts tend to last around three years; however, short-term and long-term leases are also available. Although you won’t own the vehicle, you’ll get to drive it as much as you like while it’s in your possession. This is great for drivers who like to switch up their mode of transportation.

There are some things to consider, though. Auto leases come with mileage restrictions to ensure the model stays in good condition. You also can’t make any alterations with accessories like bumper stickers. However, contracts are very accommodating and can be customized to your unique driving style and needs!


Leasing a Car

Leasing a Car vs Buying a Car: The Perks

No matter which financing option you choose, you’ll be met with a plethora of benefits that we know you’re going to love. Let’s take a look:

Benefits of Leasing

Benefits of Buying

  • Typically lower monthly payments
  • Less money upfront
  • Warranty coverage available
  • Drive a new car every few years
  • Easy trade-in process
  • You’ll have the latest technologies
  • Possible tax benefits (for businesses)
  • You’ll own the vehicle
  • No mileage restrictions
  • You can sell your model anytime
  • A wide selection
  • Warranty coverage available
  • Can customize
  • Refinancing options

Leasing vs Buying: Which Is for You?

At Miracle CDJR, our finance professionals are ready to help you find a great payment plan, so you can cruise the Aiken, Graniteville, and Gloverville, SC, region in confidence. Whether you want to lease a new vehicle or purchase your favorite model, our team will make sure that all your needs are addressed.

If you have any questions, need some help deciding which plan is right for you, or are ready to schedule an appointment, contact our finance center today. We look forward to working with you soon.


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