Benefits of Leasing:
The leasing program that Chrysler provides is a low-cost way of driving a
Chrysler, Jeep, Dodge, Ram. There is little or no down payment
required, and no up-front sales tax payment (in most states). You only
pay for the portion of the vehicle you use. Once the contract is up you
can walk away from the vehicle or pay off the vehicle at a very low
Little to zero vehicle maintenance!
Many people lease for the length of
time the manufacturer's warranty is in effect. This way, if any repairs
are needed they are typically covered by the warranty. Chrysler offers a
standard 3-year/36,000 mile limited warranty, and additionally offers
coverage for the powertrain (engine, transmission, drivetrain) for 5
years or 100,000 miles.
Benefits of Buying a CarIf you keep your vehicle for long periods of time, buying is probably going to be a better option for you. Buying a car, you own the car when the loan is paid in full. With each payment you make towards the loan, you are gaining equity in the vehicle. After your loan is paid in full, you will not have to worry about a monthly car payment, vs someone who has to keep leasing a new car every three years.
One of the biggest benefits of buying a car, is there is no mileage restrictions. Leasing has mileage restrictions that could be from 10,000 to 15,000 miles per year.