Buying and Leasing Guide for Lawrenceburg and Indiana Drivers
Deciding that you're going to choose a new Chrysler, Dodge, Jeep, or Ram is the easy part; deciding how you're going to pay for it is a whole other ballgame. We know that not a lot of drivers in Aurora, Batesville IN, Oakbrook KY, or Cincinnati, OH have $20K, $30K, or even $40K in their wallet to buy a car outright--but, with a variety of options for a new car lease or loan at Jeff Wyler, it is possible to get into a brand-new vehicle without breaking the bank.
While this guide does cover many of the most common reasons for buying or leasing a new car in Lawrenceburg, it doesn't necessarily mean that they'll have all of the answers for your unique situation. If, after reading through, you're still not sure which option is going to be the best for you, we encourage you to give our finance team a call. We'll help you look over your budget and credit, and see what your future holds.
Who Owns It
Whether you pay for the car with cash, or finance it and make monthly payments, either way it's yours. Of course, if you're financing it, you'll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don't, they have the right to repossess it.
Up-front Costs
If you're financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender's requirements and your credit score.
Future Value
Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)
End of Payments
Once you've paid off what you owe on your contract, that's it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.
Leasing
Whether you pay for the car with cash, or finance it and make monthly payments, either way it's yours. Of course, if you're financing it, you'll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don't, they have the right to repossess it.
Up-front Costs
If you're financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender's requirements and your credit score.
Future Value
Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)
End of Payments
Once you've paid off what you owe on your contract, that's it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.
Leasing
Who Owns It
You do not own the car when you lease. You're paying for the use of the vehicle, but the finance institution that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the car. .
Up-front Costs
Leases often do not require any type of a down payment. All you usually have to pay is the first month's payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.
Future Value
In most leases you don't end up owning it so you don't end up selling it. That's the financial institution's job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.
End of Payments
Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we'll make sure you have your lease set up the way you want it.
Best Cars to Lease
The best cars to lease are those with the best book value after the term of the lease. Since they depreciate less, you pay less. Review the lease ratings to see which cars retain their value.
You do not own the car when you lease. You're paying for the use of the vehicle, but the finance institution that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the car. .
Up-front Costs
Leases often do not require any type of a down payment. All you usually have to pay is the first month's payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.
Future Value
In most leases you don't end up owning it so you don't end up selling it. That's the financial institution's job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.
End of Payments
Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we'll make sure you have your lease set up the way you want it.
Best Cars to Lease
The best cars to lease are those with the best book value after the term of the lease. Since they depreciate less, you pay less. Review the lease ratings to see which cars retain their value.
Should I Lease a New Chrysler, Dodge, Jeep, or Ram?
YES, if you:
- Like driving a new car with the best new tech and features
- Prefer to trade-up without the hassle of needing to sell/buy/sell
NO, if you:
- Drive in excess of ~20,000 miles per year
- Put your vehicle through the wringer--more than average wear and tear
Should I Buy a New Chrysler, Dodge, Jeep, or Ram?
YES, if you:
- Like owning a vehicle for the long-term: customize, outfit, and use it as you please
- Like the freedom of going wherever, whenever, as far away as you want
NO, if you:
- Have very poor credit, or won't be able to afford the monthly payments for between 3 - 6 years
- Want to trade in your car every few years, but don't want to deal with selling it
Ready to Make a Plan? Come to Jeff Wyler in Lawrenceburg to Finance Your Car Today
If you're ready to go from "thinking" to "doing", contact our finance department today to learn more about your unique options for a new car lease or loan. Depending on overall term, mileage preferences, model type and trim level, and your credit score, quotes can vary. For the most accurate information, apply online or stop in.
Contact
Jeff Wyler Chrysler Dodge Jeep RAM of Lawrenceburg
875 E Eads Pkwy
Lawrenceburg, IN 47025-8508
- Sales: 812-577-9431
- Service: (812) 652-4609
- Parts: (812) 652-4507
Make an Inquiry
* Indicates a required field
Hours
- Monday 10:00AM - 06:00PM
- Tuesday 09:00AM - 08:00PM
- Wednesday 09:00AM - 08:00PM
- Thursday 09:00AM - 08:00PM
- Friday 09:00AM - 07:00PM
- Saturday 09:00AM - 07:00PM
- Sunday Closed