Should I Lease or Buy my Next RAM?

Had your eye on the all-new RAM 1500 for months now? You’ve done the hard work already, researching, figuring out just which model you want and which trim level, you’ve selected the color and added on the accessories and features that were “must haves.” There is only one thing left to do: figure out whether to lease or buy.

Here are some of the pros and cons of each, which may help you to decide.

Buying a New Vehicle

  • If you want to add a sunroof, spoiler or other accessories, this is no problem when you’re buying a vehicle instead of leasing
  • Drive your new truck as much as you want: there are no restrictions on the number of miles you can go
  • One downside of buying? You’ll likely pay more up front with a pricier down payment

Leasing a New Vehicle

  • Leases typically cost less per month than a car payment, so you can get a more expensive vehicle for less money
  • The factory warranty covers most or in some cases all, repairs
  • A con is that your mileage is set for the year; if you go over that number you’ll have to pay more when the contract ends

Still not sure? We welcome you to check with our friendly finance team at Cars Plus. We’re located conveniently here in Maite, Guam, and would be happy to answer any of your questions.

Categories: New Inventory, Finance

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