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13252 Broadway Ext, Oklahoma City, OK, 73114

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Lease vs Buy

Leasing vs Buying

Why Lease a New Car?

If you want to drive newer, safer, more reliable cars, trucks, or SUVs, but prefer not make a large down payment every 3-4 years, and also do not drive an enormous amount of miles yearly, then a new car lease should be the right choice for you. Leasing is designed for those who would prefer to bypass the hassle of selling and buying every time they want to upgrade to a new car, truck, or SUV.

Why Should You Buy a New Car?

On the other hand, if you like long term automotive relationships with a higher sense of commitment and ownership, then buying might be what’s ideal for you. Car-buying is typically best for people who will not mind driving the same vehicle for more than five years or even until it is no longer fit for the freeway.

Buying vs Leasing: Which Is Right for You?

Being aware of the pros, cons, and overall benefits of buying vs leasing a vehicle is imperative. Be sure to contemplate monthly payments, vehicle ownership, repair costs, and potential savings when considering the best new vehicle financing type for you.

Buying: Ownership vs Leasing

When considering vehicle financing, new car or truck ownership surely comes along with many advantages, most associated with entire ownership of the car. You may not be aware, however, there are also a few nice benefits of leasing, as well. It’s imperative to consider all financial aspects including depreciation, down payment, monthly payments, term length, buyout payments, interest rate, and maintenance & repair costs, before making a decision. A precise checkup of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the optimal choice between leasing and buying a new car.

leasing vs buying a new car benefits

Monthly Payments

Vehicle lease payments are often times less expensive than auto loan and car financing payments as the standard lease structure is basically renting with the option to purchase near the final payment of your lease term. Consider when leasing that you’ll need a higher credit score, and will be required to carry comprehensive and collision insurance, though the same can be said for the lowest rate auto loans. Although it can likely increase your monthly payments, it’s also smart to select a model with the features you need or want, as personal satisfaction is often priceless.

more expensive to buy or lease a new car

Maintenance & Repair

Auto leases often include regular vehicle maintenance & repair. It is important to keep this in mind when projecting monthly costs of ownership vs leasing. Regardless of which make and model you buy, mechanic bills are an unknown cost that can quickly add up. And for those of us who aren’t certified mechanics with a full toolset and hydraulic jack in the garage, leasing may be the best option for peace of mind.

lease vs buy car analysis

Investment vs Savings

In general, a new car lease saves money in the short term with more affordable monthly payments, while buying gets you a long term investment, meaning full ownership of the value of the car at the time it is traded, sold, or paid-off. For best savings on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For the best investment on a purchased/financed vehicle, you can pay it off quickly and also avoid excessive wear and mileage.


Lease Buy
Ownership No Ownership Pride of Ownership
Down Payment Smaller Down Payment Larger Down Payment
Monthly Payment Smaller Monthly Payments Larger Monthly Payments
Maintenance & Repair Costs Typically Included Not Included
Savings/Investment Short Term Savings Long Term Investment
Finance Term Approx. 2-4 Years Approx. 3-6 Years
APR % Credit-Based Credit-Based
New Vehicles Available Available
Pre-Owned Vehicles Not Available Available
Vehicle Customization Not Available Available
Poor Credit Financing Not Available Available


Chrysler Jeep Dodge Ram Lease and Finance Offers In Oklahoma City OK

Bob Howard Chrysler Jeep Dodge Ram knows that choosing the right Chrysler Jeep Dodge Ram car and financing option is never easy. Our team of experienced Chrysler Jeep Dodge Ram lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in Oklahoma City, OK. We look forward to serving you.

Now It’s Time to Decide:

Ask yourself this: do you love changing your car often and hate a huge upfront payment? Customers who love new cars every few years and don’t like paying a significantly high amount every month or hate the idea of a longer finance term may like the idea of leasing a vehicle. Bob Howard Chrysler Jeep Dodge Ram lease deals offer a flexible lease term option, so customers can make an educated decision while choosing a lease deal.

If your answer is “no” to the above question, then purchasing a car is your best option. Once you have settled on the CJDR model you want, check out our specials, lease deals, and all current offers to see what works best for you. We offer a variety of incentives, that are updated monthly, for both leasing and car buying financing option. We recommend customers to contact our local dealers to learn more about the ongoing offers available in their location.

No matter what you choose: lease or buy, our sales experts will assist you all through your new car purchase or leasing journey. Call us or contact us when you are ready and we’ll put our expertise to work for you.




Lease vs Buy Chrysler Jeep Dodge Ram In Oklahoma City OK | Bob Howard Chrysler Jeep Dodge Ram

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Facebook Jan 10, 2022
 

Extremely disappointed in the customer service. In the past we’ve been very satisfied with our new Jeep purchases at Bob Howard Jeep, but unfortunately we will be not purchasing our next Jeep from this dealership. Salesman was not knowledgeable enough with the various options to help facilitate the sale.

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Facebook Jan 6, 2022
 

Went in yesterday because my Jeep was having battery issues. It’s still under warranty. I was there 5 1/2 hours to have my two batteries tested and replaced. 5 1/2 hours!!! The staff was great! The waiting area was awesome. The coffee was good. But I did feel as if I was the lowest priority on the books being warranty work. When a friend asked what the hell were they testing for 5 1/2 hours, the answer was, “my patience.”

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Facebook Dec 24, 2021
 

Am from out of state visiting family and had issues with my car on the trip here. After having it diagnosed, knew I had to buy a new/er car. Looked online at many cars at all Bob Howard dealerships, went and looked at cars at local dealerships on Sunday, and ended up finding what I wanted at Bob Howard CJDR. My sales rep, Christopher, is a great salesman, the manager came and talked with us while my daughter and were waiting for the finance department representative. Will in the finance department was very helpful and helped me with all ...

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Facebook Dec 19, 2021
 

Couple days ago I went in and talked with Zack. Went over my situation and over my trade in. Let me say i left with a smile on my face. with a brand new car and a way better interest rate I had on the trade in. he is there to help you get what you need/want. I highly recommend him

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Facebook Nov 23, 2021
 

My husband and I test drove a Durango with T this past weekend. She was such a delight to work with! Unfortunately we didn’t end up buying, but I absolutely loved our experience with T and think she deserves some recognition! T was very kind and went above and beyond to help us! Thanks girl!

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  • No Charge Worry-Free Maintenance
  • Confidence with Vehicle Protection
  • Dedicated 24/7 Owner Support
  • VIP Access to Jeep Brand Events
  • No Charge Worry-Free Maintenance
  • Confidence with Vehicle Protection
  • Dedicated 24/7 Owner Support
  • VIP Access to Ram Brand Events
  • This vehicle is being built now. Contact dealer to reserve this vehicle and discuss options for locking in pricing and eligible incentives.
  • Vehicles identified as “Being Built” are pre-production vehicles that are not yet on the dealer’s lot or in transit. Pre-production computer-generated images may be shown and may not be representative of the vehicle listed.
  • MSRP for standard equipment plus optional equipment listed. Vehicle delivery date and other vehicle information, including pricing and incentives, are subject to change until the vehicle build is complete.
  • MSRP excludes additional charges including without limitation any delivery fees, government fees and taxes, title and registration fees, finance, filing and processing charges, emission testing charge, accessories and upfits.
  • No Charge Worry-Free Maintenance
  • Confidence with Vehicle Protection
  • Dedicated 24/7 Owner Support
  • VIP Access to Jeep Brand Events
  • Five year coverage on retail purchases
Bob Howard Chrysler Dodge RAM 35.5945226, -97.5061098.