If you are looking to get a new Dodge model, you may wonder whether to lease or buy one. Both buying and leasing have their own pros and cons; however, a lot of people prefer to lease for some reasons. First, leasing a car lets you drive your desired vehicle without worrying about making a significant investment. Second, the majority of leasing contracts include servicing which means you don’t have to deal with the hassle of getting the vehicle serviced or repaired and pay the cost.
Benefits of Leasing
The main benefit of leasing a Dodge is that you can often get more for what you pay for. A lease includes paying the vehicle’s depreciation instead of the entire purchase price. Also, leasing doesn’t require you to put a down payment. A lot of lease deals are available without a down payment while financing a car requires you to pay up to 20% of the vehicle’s sale price. Moreover, with leasing, you also get a new car every few years. This means you can again decide on which Dodge has the best safety features. In case you sign a five-year loan to buy a vehicle, you will have to make payments for the next five years and drive that vehicle for the longest time possible to get the most out of it. Although you can choose to get a new one, it’s going to be costly. But, with leasing, your obligation is done once the lease expires. This means you can start leasing another car.
Important Things to Know
If you are thinking about leasing a Dodge, below are some things you should know before you make your final decision:
- Contract terms. Before you sign the lease contract, take the time to read through the terms and conditions first. You want to be sure that every term works for both parties. Discuss any concerns you may have with the company before you finalize everything.
- Hidden fees. Companies are notorious about charging hidden fees and you don’t want to be the next victim. Be clear about all fees involved from the start. Ask the company to be transparent about their fees and give you a clear idea of how much you will be spending until the end of the lease term. Although they may not be able to give you a fixed number on some charges, at least the will inform you how you could be charged. Charges can include excessive mileage and vehicle damage.
- Service and maintenance. You will want to choose a lease that covers maintenance and servicing.