Understanding the advantages and drawbacks of leasing vs. buying a car is essential before visiting your CDJR dealership. Leasing is often the most affordable option, but you won't automatically become the vehicle's owner at the end. Buying usually comes with higher monthly costs if you finance your purchase, but you get full ownership. Let's explore the various options to see which is right for you. Leasing vs. Buying at Your CDJR Dealership Long-Term Leasing Stellantis offers two main lease programs: long-term leasing and leasing with a purchase option. Long-term leasing is popular among those who want to drive the latest model. This program comes with customized packages that allow you to choose the lease duration and mileage, and you can include extra services, such as maintenance or additional insurance. It requires no down payment, which is a huge advantage when you want to drive home in a new vehicle but can't afford expensive upfront costs. On the flip side, you won't have the option to buy the vehicle at the end if you decide you want it. Exceeding the agreed mileage and vehicle damages can also result in hefty added costs. more Leasing With Purchase Option If you can't afford a down payment but want to buy your vehicle at the end, leasing with an option to purchase could be the right solution for you. Like long-term leasing, this program includes no down payment contracts, or you could opt to pay more upfront and cut down the final payment at the end of the lease. In all other aspects, this option is similar to standard long-term leasing, allowing you to tailor the contract to how you use the vehicle and purchase it even after the first 12 installments. You can even back out and start a new lease if you change your mind and don't want to buy anymore at the end of the lease. Buying Your CDJR Vehicle Buying your CDJR vehicle comes with its own set of advantages, including unlimited mileage and the possibility to upgrade your ride with a range of accessories. You also build equity with monthly payments if you finance your purchase, and you don't have to pay any of the fees associated with a lease. While buying a new car usually requires a down payment, borrowing directly from the manufacturer can give you some benefits, including the possibility to finance up to 100 percent of your purchase, negotiate a monthly payment that fits your budget, and choose a loan term that suits your financial situation and needs. Whether you want to lease or buy your next CDJR, our in-house financial team can help you drive home in the vehicle of your dreams. Call us at Ewald CDJR of Oconomowoc in Oconomowoc, WI to schedule an appointment and find out more about your options.