Buy vs Lease near Dallas, TX

At Freedom Chrysler Dodge Jeep Ram By Ed Morse, you'll have plenty of models to pick from. Whether you're partial to a Chrysler, Ram, Jeep, Dodge, or Wagoneer, you're sure to find the right vehicle that suits your needs. Zeroing in on a specific car is only part of the battle, because you'll then need to decide on a buying or leasing setup. 

Buying

If you're looking to commit to a car for the long haul, you'll definitely want to buy your next vehicle from us. Also referred to as financing, this style of purchase will have you slowly paying off a new or pre-owned model's total cost over the course of four to seven years. This is done by coming up with a down payment while our Finance Department will cover the rest through a loan, which you'll repay in small monthly increments. Once a model is entirely paid off, you're free to cruise around Dallas until you're ready to upgrade!

Leasing

Swapping models on a more regular basis is possible when you decide to lease it. In doing so, you will get to choose a new car from our location for two to four years. During this time, you will be responsible for the depreciation, a number that is reliant on your term length and a mileage limit. Because you'll only have your chosen vehicle for a short period of time, you'll eventually have to decide what to do with it once your contract expires. If you want to continue cruising to Lakeland Hills Park with your Dodge Hornet or Chrysler Pacifica, you're welcome to finance the residual value for permanent ownership. Otherwise, you reserve the right to close out your lease entirely or start up a new term with a different car.

Which Is Right for Me?

Even with the aforementioned facts laid out, you still might be having a hard time deciding which route to take — and that's okay! We'll gladly assist you with making a final choice, since obtaining a car can feel quite daunting. If you are keen on the idea of traveling long distances down the Lyndon B. Johnson Freeway or eventually not having to make car payments, you'll certainly want to finance your Ram 1500 or Grand Wagoneer. On the other hand, if you're unsure of whether a traditional Jeep Grand Cherokee or Grand Cherokee L better meets your needs, leasing might be the way to go. This alternative to buying makes it possible for folks to test the waters of a model without needing to commit. Of course, you're always welcome to speak with us during our open hours.