Deciding whether to buy or lease a new Jeep can be a tough decision, and choosing one over the other can depend on several factors. One of the things you need to consider is how long you will be driving the Jeep. Let's face it; we wish our cars lasted forever, but sometimes you want to trade in your rusted bucket of bolts for something new. In this article, we will go over different scenarios where you would buy or lease a Jeep and the benefits of each.   

What are the Advantages of Ownership? 
When you lease your vehicle, you pay for the use of the Jeep while adhering to the terms of the lease. When you complete the lease, you return the Jeep to the dealership unless you choose the option of purchasing it. Buying a vehicle has its advantages because once you've completed the terms of the contract, you own the car without restrictions.   

What are the Benefits of Payments? 
Leasing a Jeep requires you to make monthly payments, which are usually low since you are only paying for the vehicle during the terms of the lease. Buying a Jeep can get a little tricky because you are paying for the purchase of the car, and each payment can go toward building the equity of the Jeep, meaning your monthly payments will be higher.   

What are the Benefits in Terms of Maintenance? 
Most leases will end before the manufacturer's warranty expires. Regular maintenance requirements such as oil changes and tire rotations are needed due to the terms of your rental, and the cost can be minimal. Buying a Jeep means you have no obligations regarding the maintenance of the vehicle, meaning that you're free to make the decisions on where and how to care for your Jeep.   

What are the Benefits of Customization? 
When you lease your Jeep, only approved accessories are available to use at the time of lease inspection. Buying a vehicle means you can customize your car however you want.   

What are the Benefits in terms of Wear and Tear? 
Leasing a Jeep means that normal wear and tear from everyday use of the vehicle are expected and covered. While buying your Jeep means that you, as the vehicle owner, determine how and when you handle the wear and tear on the vehicle.   

What about the Tax Savings? 
Most states have the tax calculation based on your monthly payment rather than the full value of the Jeep. If you're using the Jeep for business reasons, you might be able to deduct a portion of the payment. Buying your Jeep means that the tax on the full price of the vehicle is due at the signing and can be rolled into a monthly payment.   

What are the End of Term Benefits? 
Leasing a Jeep provides you with several end-of-term options. You can turn in your vehicle or purchase it at some preset price. Buying a car allows you to keep or trade-in your vehicle once you've completed your contract agreement.   

Here at Legacy Dodge Chrysler Jeep RAM, we are here to assist you with either buying or leasing your vehicle! Feel free to browse our inventory for all the latest 2020 models that are available to buy or rent! Our friendly and knowledgeable staff are more than happy to sit down with you and discuss your options for both leasing and purchasing a vehicle, so head down to the dealership and get your dream Jeep today!            

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