At Van Horn Truck Center, we are proud to be one of the leading RAM truck dealers in Plymouth, WI. From our wide selection of new and used trucks to our team of automotive professionals, we strive every day to meet all of our customer’s automotive expectations. We also understand that there are many paths to car ownership and are ready and willing to help you determine whether you should lease or buy.
Should you lease or buy? We get this question a lot, and we understand why, as both options are worthwhile. Typically, when you purchase a vehicle, you sign up for an auto loan wherein you make monthly payments toward the total cost of the vehicle with interest. Interest is the value charged for borrowing money from a lender.
Alternatively, when you lease a car, you agree to pay monthly installments to drive a car for a certain length of time. Lease agreements can last anywhere from two to four years. At the end of your term, you have three options to choose from:
- Purchase the vehicle you’d been leasing
- Lease another vehicle or the latest model year of your previous lease
- Turn in your keys and walk away
Lease agreements are often the more affordable option, and they allow drivers to temporarily drive some of the latest vehicles to hit the market. Car buying offers the benefit of not having to worry about wear-and-tear damage or mileage restrictions, two qualities of leasing.
If you’re still on the fence of whether you should buy or lease a vehicle, our team at Van Horn Truck Center can help you find out which option works best for you. Whether you’re looking for a new truck for sale or expert service, we’ve got you covered.