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Should you lease or buy your next Dodge

 

Dodge makes some great trucks, cars and SUVs, and there are plenty to choose from. Whether you want a sports car, a family SUV or a workhorse truck, you won’t regret your decision to get a Dodge vehicle. However, the one question you should ask yourself is, should you lease or buy? The truth is, it depends on a few factors.

How much you drive

If you commute far or take a lot of long road trips, you may want to consider buying your car. Otherwise, if you lease your new Dodge vehicle, you will have to either buy out the lease or pay for the mileage you went over. On the other hand, if you aren’t a big commuter and don’t take a lot of long trips, or if your Dodge is a second vehicle, you may want to consider leasing. It will save you money if you drive only 5,000-10,000 miles a year.

How much money you can put down

If you don’t have a lot of money to put down for a new or used car, you should consider leasing. Think about it, when you lease a car, you can often drive it off the lot without writing a check or spending a dime. But, when you don’t put a down payment on a lease, you will have higher monthly payments. Not only that, when you lease a car, you can avoid most taxes as you only pay tax on the value of the car you used.

Taxes

Small business owners who know what they are doing can save a lot of cash when it comes to taking advantage of legal tax write-offs. If you use your Dodge vehicle to make deliveries or use it for your day-to-day business needs, a lease may be a good deal for you. On the other hand, if you aren’t a small business owner and plan to keep your vehicle for a long time, a lease may not be the best option. Either way, if you are a small business owner, don’t go out of your way to lease just to save on taxes. Make sure it’s the best option all around.

New vehicle more often

Most people who love leasing love that they can get a new vehicle often. When buying, you may have to wait four to six years to pay off your vehicle and get another one. On the other hand, if you play your cards right, you can enjoy a brand new Dodge every couple of years. Another advantage is that you can change the type of vehicle you get. Maybe you want a sports car now but want a minivan in the near future. If thats your case, leasing may be the best option for you.

Whether you are looking to lease or buy, you should head on down to Chapman Dodge Las Vegas. You can get advice and figure out what option is best for you. Whether you want a truck, SUV or car, a Dodge will take care of your needs.

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