Leasing is a great alternative to buying for many drivers. As your Chrysler dealership, we want to tell you some of the leasing benefits you get when you lease a 2025 Chrysler from us.
Lower Maintenance
If you buy a car, you have to plan for its servicing and maintenance. These costs are low for the first few years, but as the vehicle ages, more expensive systems and components will need repair or replacement. You can reduce these costs by choosing an extended warranty, but the longer you keep a vehicle, the more expensive it will be to keep it in good condition.
When you lease a car, you may not have to pay for any maintenance, depending on the terms of the lease agreement. If you do have to pay for maintenance, these costs are very low, since you’re leasing a brand new Chrysler and the average lease term is two to three years. During this time, the vehicle is also covered by Chrysler’s Basic Limited Warranty against the unlikely event of any manufacturing issue.
Lower Monthly Payments
Most new vehicles are bought on finance. If you buy a vehicle, your monthly repayments are calculated by taking the sticker price, less the value of any trade-in or discount, then adding any additional costs like an extended warranty or accessories. Taxes, fees, and interest on the loan amount are then added, and the result is divided by the lease term to provide your monthly repayment.
When you lease, you pay the depreciation cost, not the sticker price. The depreciation cost is the difference between the car’s value at the beginning of the lease and its value at the end of the lease, the residual value. The money factor, the finance charge for the lease, is then added to the depreciation value and any taxes or fees, and this total is divided by the lease term. Leasing allows you to save money compared to buying the same vehicle.
Easy Return
If you buy a car and want to replace it, you have to trade it in toward your next vehicle or sell it. If you trade it, its present value will be deducted from the price of your new vehicle. If you decide to sell it privately, you may have to spend time and money advertising it and ensuring its maintenance is up to date to get the best possible price.
When the lease term ends, you return the vehicle to us. If you want another vehicle, you can sign a new lease for the same car, buy it at a reduced price, or lease a new vehicle.
To learn more about the benefits of leasing or to lease a new Chrysler today, contact us at Zeigler CDJR of Plainwell in Plainwell, MI.
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