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Buy vs Lease

Buy or Lease? Weighing your options at Menzies Chrysler in Whitby, Oshawa.

At Menzies Chrysler, we want to make your buying experience as easy and painless as possible. We know you've been dreaming about that new Chrysler, Dodge, Jeep or RAM vehicle, and we want to see you get behind the wheel feeling confident about the decisions you make.

One way we accomplish this is with the services we provide here at Menzies Chrysler. Our finance department is ready to help you with all of your auto financing and leasing questions. We work with multiple banks and financial institutions throughout the area to get you the best deal for your budget.

If you've come to the fork in the road between purchasing or leasing a new Chrysler, Dodge, Jeep or Ram, you're in the right place. Let us break down the differences between the two options and hopefully make your decision an easier one.

BUYING

LEASING

Ownership You own the vehicle and get to keep it as long as you want it. You don't own the vehicle. You get to use it for defined amount of time but must return it at the end of the lease unless you decide to buy it out.
Up-Front Costs They include the cash price or a down payment, taxes, registration, and other fees. They can include the first month's payment, a refundable security deposit, an acquisition fee, a down payment, taxes, registration, and other fees.
Monthly Payments Loan payments are usually higher than lease payments because you're paying off the entire purchase price of a vehicle, plus interest and other finance charges, taxes, and fees. Lease payments are almost always lower than loan payments because you're paying only for the vehicles