When you are in the market for a new vehicle, you typically have the option to finance or lease the vehicle you are interested in. While both have pros and cons, the option that is right for you depends on a few variables. Here at Outer Banks Chrysler Dodge Jeep Ram, we are dedicated to being as flexible as possible for our buyers in the Nags Head area.
That means we offer various financing and leasing options on many vehicles on our lot. If you are interested in finding out more about what each has to offer you in Manteo, stop by and see us anytime at Outer Banks Chrysler Dodge Jeep Ram!
Advantages to Leasing a Vehicle
The biggest advantage leasing provides is flexibility. A lease typically requires a smaller down payment and a more affordable monthly payment. The lease length will also usually be shorter and provide you with a few options at the end of the term.
First, you can simply return the vehicle and apply for another lease or purchase another car. Or you can choose to buy the vehicle at its current market price. Leasing a car is a great option for someone who likes getting something new every few years as it helps avoid the deprecation new vehicles can see in their first few years of ownership. If you are in the Wanchese area and are interested in leasing a new car, visit us in Kill Devil Hills!
What Advantages Do Financing a Vehicle Have?
As opposed to a lease, financing a vehicle may require a larger down payment and monthly payment. But, it provides one large advantage: the vehicle is completely yours to keep at the end of the term! Financing a vehicle is a great choice for those who plan to keep their new vehicle for more than a few years as it can lead to a completely paid-off vehicle! If you are thinking of financing your next vehicle, stop by and see us in Kill Devil Hills!