If you’re ready to get a new RAM truck, the dealers here at I.G. Burton Chrysler Dodge Jeep RAM of Milford are ready to help you out. Once you pick out the right model, trim level, and options, you have one more big choice to make: do you buy, or do you sign a RAM lease?
Financing and leasing each have their own sets of benefits and drawbacks. Here’s what you should consider before making your decision.
RAM Financing Pros and Cons
Buying a truck and applying for financing can be a good idea if you plan to keep your vehicle for a long time. It’s also a good idea if you drive a lot. Leases have mileage limitations, but if you buy a RAM truck you don’t have to worry about such rules.
However, keep in mind that loan payments are generally more expensive than lease payments would be. You also have to worry more about depreciation and the cost of maintenance when you buy.
Leasing is a great idea if you like to upgrade to a new vehicle every few years. Leasing can be quite flexible, because once your lease ends you can turn in your car, lease something else, or just walk away. It’s a good arrangement for someone who doesn’t like to be tied down.
RAM Leasing Pros and Cons
Just remember that a leased truck isn’t one that you own, so you do have to comply with mileage limitations, rules about excess wear and tear, and some other stipulations.
If you want to learn more about these options and our lineup of capable trucks, visit our RAM dealers in Milford, DE. We’ll help you drive away in the versatile pickup you need!