Whether I Buy or Lease, I Still Have Payments. Which Is Better?

There is not a correct answer to that question. One option is not better than the other; they are simply different, and for different needs.

A lease is a contract with a term end, wherein you make regular payments for a vehicle, and at the end of that term, you return the vehicle to the dealership. At that time, you may have the option of purchasing the vehicle at a greatly reduced price, taking into account all the payments you've made.

If you purchase a vehicle, you make regular payments towards your loan, and at the end of that term, you have bought the vehicle, and it is yours. You have the option to trade it in or simply keep it or sell it. One of the main differences between these two is that one is a purchase and the other is an option to purchase. Payments are still made, and the vehicle is registered to the purchaser or the lessee. The difference is what fits your budget and needs. To help find out which is best for your needs, visit us at the dealership at Galeana’s Van Dyke Dodge today to discuss your budget needs and your options today.