Illustration showing words buy and lease plus common mathematical symbols

Leasing vs. Buying

Here's a Guide to Determining the Option That Works Best for You

When you're considering a new vehicle, you have several choices to make Not only do you need to decide which make and model you want, and then select the trim level, exterior color, and features, but you also need to figure out if you're going to buy or lease your new Chrysler, Jeep, Dodge, or Ram. Fortunately, the professionals working in the Finance Center here at Mann Chrysler Dodge Jeep Ram of Mt. Sterling have helped us compile this handy guide. We encourage you to learn how you can save yourself both money and aggravation.

Pros to Leasing Your Vehicle:

  • You're more likely to have a lower monthly payment since you're only financing a fraction of your vehicle's new car cost
  • When you lease a vehicle, your down payment is also typically lower than it would be if you were to buy it
  • You can often opt for a more luxurious trim level when you lease and still enjoy a lower monthly payment
  • You're always driving a vehicle that's loaded with state-of-the-art technology and safety features
  • Since lease terms usually run either two or three years, the manufacturer's new vehicle limited warranty covers most repairs
  • There's less worry at the end of the contract since you don't have to bother with negotiating your vehicle's trade-in value and are able to just return your vehicle to a dealership
  • Pros to Buying Your Vehicle:

  • There are no concerns about yearly mileage restrictions, giving you the freedom to take off on road trips whenever wherever, and as often as you want
  • Once you pay off your loan, you can enjoy driving your vehicle for years only having to pay for insurance, fuel, and maintenance
  • Every time you make a payment you build equity that you can use -- either as trade-in value or as cash if you choose to sell your vehicle
  • There's no concern about excess wear costs when you own your vehicle
  • You can customize your vehicle to however you want, without fear of financial repercussions when your payments are over
  • Even if you don't have perfect credit, it's possible to still qualify for a car loan that fits into your budget; in fact, making your car payments on time is a great way to improve your credit score
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    Talk to Our Financing Experts

    If you still have questions about whether buying or leasing is the right choice for you, or if you just want to find out how the numbers work out for you, our Finance team is happy to help. Their goal is to make your financing experience as stress-free as possible, and they make sure that everything is explained clearly before asking you to sign any binding paperwork. You can even submit an application to get a head start on the process

    Thanks to their skills and connections with lending institutions, they're able to create the loan or lease options that you want, and they're happy to explain further both the benefits and drawbacks associated with either leasing or buying your next car, pickup, or SUV. Feel free to either contact us or visit our Mt. Sterling showroom to speak with them.


    Mann Chrysler Dodge Jeep RAM Mt. Sterling

    806 Alexa Drive
    Directions Mt Sterling, KY 40353-1084

    • Sales: (859) 274-4036
    • Service: (877) 570-5962
    • Parts: (859) 274-4301


    • Monday 09:00AM - 07:00PM
    • Tuesday 09:00AM - 07:00PM
    • Wednesday 09:00AM - 07:00PM
    • Thursday 09:00AM - 07:00PM
    • Friday 09:00AM - 07:00PM
    • Saturday 09:00AM - 05:00PM
    • Sunday Closed
    1. Mann Chrysler Dodge Jeep RAM Mt. Sterling

      806 Alexa Drive
      Mt Sterling, KY 40353-1084

      • Sales: (859) 274-4036
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