• Chrysler
  • Jeep
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Thompson Chrysler Dodge Jeep RAM of Harford County

1102 Business Center Way
Directions Edgewood, MD 21040

  • Sales: (877) 354-4022
  • Service: (866) 362-6086
  • Parts: (877) 664-0122

Differences Between Leasing vs. Financing | Edgewood, MD

Are you planning on taking home a new Chrysler, Dodge, Jeep, or Ram vehicle, but aren't sure whether leasing or buying is the right financial route for you? Let the Thompson CDJR team assist you throughout this crucial moment in the car-buying process. The following article will detail some of the pros and cons of both leasing and financing a car.

Before you move forward, check out the new vehicle inventory at our Chrysler, Dodge, Jeep, and Ram dealership in Edgewood, MD for available models and trim packages.


Leasing Advantages

  • You are only financing the depreciation of the vehicle that occurs during the entirety of your lease.
  • Expect a low-or no-down payment on a lease.
  • Because leases typically last only three years, you can get a newer car with the latest features more often.

Leasing Disadvantages

  • You are allowed to drive only an allotted amount of miles under a lease. If you go over, you may have to pay expensive fees.
  • If you return the vehicle in a condition other than what the dealer considers normal wear-and-tear, you will be responsible for additional fees.
  • At the end of the lease, you will own no equity in the car. Should you decide you want to purchase your next vehicle, you won't have any value to apply.

Buying Advantages

  • If you want to hold on to your car for a long time, buying your vehicle is recommended, as you'll own it once your loan is paid off.
  • You can add all of the aftermarket parts and accessories you'd like.
  • Regardless of your loan status, you can sell your car anytime you'd like.

Buying Disadvantages

  • The down payment and monthly payments are often higher when you finance.
  • You are responsible for all maintenance and repair costs not covered by your warranty.
  • The value of your vehicle depreciates rapidly as soon as you drive it off the lot.

Why Choose Thompson CDJR?

At Thompson Chrysler, Dodge, Jeep, and Ram, we're dedicated to providing a satisfying experience to every customer. Whether you're interested in leasing or buying a vehicle from our dealership, we'll help you find the perfect car, truck, or SUV for your needs.


Apply for Financing

If you're ready to move forward with buying or leasing a vehicle, apply for financing online. For more information about the finance or lease process at our Chrysler, Dodge, Jeep, and Ram dealership in Edgewood, MD, contact us online or call (877) 354-4022 to speak to a product specialist directly.

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