Lease vs Financing: Which Is Right for Me?
At Demeyere Chrysler, we are committed to keeping you informed on all the vehicle purchase options available to you. When you choose to buy a new vehicle from our dealership in Simcoe, Ontario, you can rely on us to provide you with competitive rates and transparency in fees. Whether you choose to finance or lease your new car depends on a variety of factors. Here's what to keep in mind.
Differences Between Financing & Leasing
When you finance a car, you make regular payments to reduce the principal balance until you have enough equity to own the car outright. Leasing a car, on the other hand, is more akin to long-term car rental in which you make regular payments to offset the depreciation of the vehicle. Nonetheless, you will have the option to purchase the vehicle at the end of the lease if you so desire.
When you choose to finance a vehicle, you benefit from the knowledge that you will fully own it at the end of your financing contract. Financing might be for you if you plan on owning the vehicle long-term. At Demeyere Chrysler, our Finance Centre will work with you to curate a payment plan that matches your budget.
Leasing is ideal if you're looking to drive a new vehicle every two to four years. Leasing allows you to change your ride frequently as well as experience new technology and safety features in the automotive industry. Lease a new and exciting Chrysler, Dodge, Jeep, or Ram at our dealership today!
Find Your Next Vehicle at Demeyere Chrysler!
Whether you choose to lease or finance a vehicle , you can rely on our dealership to provide you with unmatched rates and excellent service. If you live in Norfolk County, Tillsonburg, or Brantford, you will find our dealership nearby, conveniently located in Simcoe, Ontario. Visit us to find your next ride and secure competitive rates today!