• Chrysler
  • Dodge
  • Jeep
  • Ram

Russ Darrow Chrysler Jeep Dodge RAM of Milwaukee

7676 N. 76th Street
Directions Milwaukee, WI 53223

  • Sales: (888) 825-3589
  • Service: (888) 306-9104
  • Parts: (888) 686-5182

Leasing vs. Financing

Leasing is becoming a popular choice amoung consumers.  As a matter of fact according to Edmunds.com, more than one-fourth of new vehicle purchases have been leases. Lower monthly lease payments available to consumers are playing a big role in this shift.

Russ Darrow Chrysler Jeep Dodge Ram of Milwaukee recognizes the importance of not only finding the right vehicle for you but also the right way to purchase that vehicle.  We have available to you a Finance department and sales staff that is trained to consult you by asking you the right questions.  By providing you with a well rounded consultation we are better able to help you find the vehicle you want at the price you need.

To find out more about leasing vs. purchasing call us directly at 888-825-3589.

WHEN YOU LEASE...
Monthly Payments

Monthly lease payments are usually lower than monthly finance payments because you are paying only for the vehicle's depreciation rather than the full purchase price during the lease term, plus rent charges (like interest). Alternatively, you can lease a more expensive vehicle for the same monthly payment as financing.
WHEN YOU FINANCE...
Monthly Payments
Monthly finance payments are usually higher than monthly lease payments because you are paying for the entire purchase price of the vehicle, plus interest and other finance charges, and taxes. For the same monthly payment as leasing, you must finance a less expensive vehicle.

Vehicle Return
You may return the vehicle at lease end, pay any end-of-lease costs and "walk away."
 Vehicle Return
You have to sell or trade the vehicle when you decide you want a different vehicle.
 Future Value
The lessor has the risk of the future market value of the vehicle. You generally have the opportunity to gain any vehicle equity.

  Future Value
You have the risk of the vehicle's market value when you trade or sell it. You would also have any vehicle equity.

Up Front Costs
Up-front costs of leasing a vehicle are usually less than up-front financing costs. They typically include the first month's payment, a refundable security deposit, registration fees and sometimes local taxes. Up-front costs can include:

    Capitalized cost reduction
    Taxes
    Other government or lessor charges
    Optional insurance and services
    First monthly payment
    Refundable security deposit
    Prior lease balance
    Prior credit balance



Up Front Costs
Up-front costs of buying a vehicle are typically greater than up-front leasing costs. They typically include the cash price or a down payment, sales taxes on the full price of the vehicle, registration fees and other government charges. Up-front costs can include:

    Cash price or down payment
    Sales tax
    Other taxes
    Other government or lender charges
    Optional insurance and services
    First monthly payment
    No refundable security deposit
    Prior lease balance
    Prior credit balance


Total Costs
The total costs of leasing a vehicle for a fixed period are generally less than for financing because of lease savings on depreciation and gap coverage; reduced sales tax; and the time value of money benefits.

    Depreciation
    Gap coverage
    Sales/Use tax
    Time value of money

 Total Costs
The total costs of financing a vehicle for a fixed period are generally more than for leasing because of higher costs of depreciation and gap liability, more sales tax and the time value of money differences.

    Depreciation
    Gap coverage
    Sales tax
    Time value of money