Buying vs Leasing

 
When it comes to buying or leasing a car the options can be confusing. To help you make an informed decision we have provided the information below. We hope you find it informative and useful.

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

Sales Info

Phone Numbers:Sales Hours:
  • Mon - Fri8:30 AM - 7:00 PM
  • Sat8:30 AM - 6:00 PM
  • SunClosed

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 your vehicle, the bank will probably request a down payment. You can 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 regularly scheduled maintenance by our 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 are leasing. You’re paying for the use of the vehicle, but the finance institution 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 a 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 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. Some people like to trade their vehicle 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.

Best Cars to Lease

The best cars to lease are those with the best book value after the term of the lease. Since these vehicles depreciate less, you pay less. Review the lease ratings to see which cars retain their value.

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(334) 744-1021

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801 Columbus Pkwy • Opelika, AL 36801

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Today's Hours:

Open Today! Sales: 8:30am-7pm

Open Today! Service: 7am-5pm

Open Today! Parts: 7am-5pm

Opelika Ford Chrysler Dodge Jeep Ram

801 Columbus Pkwy Opelika, AL

Phone: (334) 744-1021

https://www.google.com/maps/place/Opelika+Chrysler+Dodge+Jeep+Ram/@32.6422523,-85.3569982,15z/data=!4m5!3m4!1s0x0:0xf902dbcfcadc4e72!8m2!3d32.6422523!4d-85.3569982

Parts

Phone: (334) 749-8113

801 Columbus Pkwy Opelika, AL

Sales

Phone: (334) 749-8113

801 Columbus Pkwy Opelika, AL

Service

Phone: (334) 749-8113

801 Columbus Pkwy Opelika, AL
32.6422523 -85.3569982
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Opelika Ford Chrysler Dodge Jeep Ram
Opelika Ford Chrysler Dodge Jeep Ram
opelikafordcdjr1@gmail.com
801 Columbus Pkwy
Opelika, AL, 36801 US
(334) 744-1021
https://di-uploads-development.dealerinspire.com/opelikafordchryslerdodgejeepram/uploads/2019/07/OpelikaCDJROGImage.png
Opelika Ford Chrysler Dodge Jeep Ram 32.6422523, -85.3569982.