When it comes to getting a new vehicle, one of the biggest decisions is whether to lease or finance. At Milford Chrysler Jeep Dodge Ram in Milford, CT, we offer both options to help you get behind the wheel of your dream car. Here's what you need to know about the differences between leasing and financing.
What is Leasing?
Leasing a vehicle is essentially a long-term rental. You make monthly payments to drive the vehicle for a set period of time, typically 2-3 years. At the end of the lease, you return the vehicle to the dealership. Leasing is a great option if you like to drive a new car every few years and want lower monthly payments.
For drivers in Fairfield, CT looking to lease their next vehicle, Milford Chrysler Jeep Dodge Ram has a wide selection of the latest models to choose from. Our knowledgeable sales team can help you find the perfect lease to fit your needs and budget.
What is Financing?
Financing a vehicle means taking out a loan to purchase the car. You make monthly payments on the loan until it is paid off, at which point you own the vehicle outright. Financing typically results in higher monthly payments than leasing, but you have the freedom to drive as much as you want and can sell or trade in the vehicle at any time.
At our dealership in Milford, CT, we work with a variety of lenders to secure competitive financing rates for our customers. Whether you have good credit, bad credit, or no credit, we can help you get approved for a loan. We proudly serve drivers from Branford, CT and the surrounding areas.
Leasing and Financing at Milford Chrysler Jeep Dodge Ram
No matter which option you choose, Milford Chrysler Jeep Dodge Ram is here to make the process as simple and straightforward as possible. We have a state-of-the-art facility conveniently located at 1470 Boston Post Rd in Milford, CT. Our finance center is staffed by experts who can answer all your questions and help you secure the best possible terms.