Buying vs Leasing

Buying VS Leasing with Frank Boucher Chrysler Dodge Jeep RAM of Janesville

When you buy the new or used car you pay for the entire cost of the vehicle. When you lease the new or used car
you pay for only a portion of the vehicle’s cost, which is the part you use during the time you are driving it.

Buying


Who Owns It

Whether you pay for the car with cash, or finance it and make monthly payments, either way it’s yours. Of course, if you’re financing it, you’ll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don’t, they have the right to repossess it.

Up-Front Costs

If you’re financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender’s requirements and your credit score.

Future Value

Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)

End Of Payments

Once you’ve paid off what you owe on your contract, that’s it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.

Leasing


Who Owns It

You do not own the car when you lease. You’re paying for the use of the vehicle, but finance institutions that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the car.

Up-Front Costs

Leases often do not require any type of a down payment. All you usually have to pay is the first month’s payment, a security deposit, the acquisition fee and other fees and taxes. But, as with any purchase, if you want to lower your monthly payments you can always pay more upfront.

Future Value

In most leases you don’t end up owning it so you don’t end up selling it. That’s the financial institution’s job. Although you may have the mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.

End Of Payments

Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we’ll make sure you have your lease set up the way you want it.

Frank Boucher Chrysler Dodge Jeep of Janesville

4001 Milton Avenue, Janesville, Wi 53546, United States

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(800) 923-3558

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4001 Milton Avenue • Janesville, WI 53546

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Today's Hours:

Open Today! Sales: 9am-9pm

Open Today! Service: 7am-5:30pm

Open Today! Parts: 7am-5pm

Frank Boucher Chrysler Dodge Jeep RAM of Janesville

4001 Milton Avenue Janesville, WI
Phone: (800) 923-3558 https://www.google.com/maps/place/Frank+Boucher+Chrysler+Dodge+Jeep+Ram/@42.7298651,-88.9927226,17z/data=!4m13!1m7!3m6!1s0x880610eff2c62953:0x27c6c42549b4859a!2s4001+Milton+Ave,+Janesville,+WI+53546!3b1!8m2!3d42.7298651!4d-88.9905339!3m4!1s0x880610efced835a5:0xaf9620f2e85757d9!8m2!3d42.7319779!4d-88.9904387

Parts

Phone: (608) 554-2824

Mobile Parts

Phone: (608) 352-4212

Sales

Phone: (800) 295-1353

Mobile Sales

Phone: (608) 352-0917

Service

Phone: (800) 210-7559

Mobile Service

Phone: (608) 352-3515

42.732143 -88.990443
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Frank Boucher Chrysler Dodge Jeep RAM of Janesville
Frank Boucher Chrysler Dodge Jeep RAM of Janesville
4001 Milton Avenue
Janesville, WI, 53546 United States
(800) 923-3558
https://di-uploads-development.s3.amazonaws.com/frankboucherchryslerdodgejeepofjanesville/uploads/2017/04/FrankBoucherCDJR-OG-200x200.jpg
Frank Boucher Chrysler Dodge Jeep RAM of Janesville 42.732143, -88.990443.