When you head to a car dealership, you might only think about looking for a car to buy. You might not have even been told about leasing on a recent visit to a car dealership. However, you should know that buying is not the only way that you can acquire a nice vehicle to drive. For a lot of drivers, buying is not even the best way. Instead, leasing can be the preferred option for a lot of drivers, and many who do it once continue to do it in the future because they find that it’s a lot better for their personal situations. These are a few of the things that you should know about Dodge car leases, which can be a preferable option for many drivers and which you might find is preferable for you as well.
Dodge Car Leases: What to Expect
First of all, as the name suggests, you are only leasing a vehicle when you choose this option over buying. This means that it’s not yours and it will never be yours, even when you finish making your last lease payment. This might seem like a bad thing, but it does not have to be. In fact, a lot of people prefer it because it means that they can move on to leasing another car that they like even better or that has newer and better features.
With a lease, you are typically going to make monthly payments. This is similar to making monthly payments on a car that you buy, except the payments aren’t designed to cover the cost of buying the car. Instead, they are designed to pay for the amount that the car will go down in value over the lease period. Because this amount is always significantly less than the total purchase price of a car, you can count on your lease payments being more affordable.
Of course, with a leased vehicle, since you do not own it and will never own it — unless you choose to buy it at the end of the lease term, which might be something that will be listed in your leasing contract — you will be restricted in some ways. One of the big things that people notice is the fact that their contract states that they cannot go over a certain number of miles on the vehicle per month during their two or three-year lease contract. This bothers some people, but it might not be a problem for you if you aren’t going to be putting a lot of miles on a vehicle anyway, such as if you live close to work and if you don’t take frequent long trips in your vehicle.
Why You Might Prefer Dodge Car Leases Over a Traditional Buying Transaction
Even though there are some things that a lot of people do not like about leasing a car, such as the fact that they will be making monthly payments on a car that will not belong to them or the fact that they will be restricted mileage-wise, there are so many more things to love about leasing a car. These are some of the main perks:
- It’s cheaper. So many people find themselves spending more than they can afford on a car payment each month. This can really put a damper on your budget and can make it hard for you to afford other things. With a lease, you do not have to choose between driving a decent car and driving a cheaper car that is more affordable. Instead, you can choose an affordable lease option that will allow you to take advantage of the best of both worlds: a newer car to drive and a lower payment to pay each month.
- It’s easier. Taking care of a car in the long term can be a pain. With a leased vehicle, chances are good that you will never have to deal with a major repair issue at all.
- It’s more fun. Many people love the idea of being able to trade out one vehicle every two years just to drive off the lot with a newer model. This is very easy to do if you choose to lease.
So many people are under the misimpression that they have to buy a vehicle in order to drive it. Even though many people have heard of leases, they might have never truly thought about leasing a vehicle or might not truly understand how a lease works or why it can be advantageous. However, now that you know a little more about Dodge car leases, you can continue doing your research. You can even talk to someone at a dealership so that you can compare the two based on your situation. Even though you might find that buying is a better option for you, many people find that leasing is better. Once you give it a try, you might wonder why you ever bought a car in the past when you could have leased one instead.