Customers enjoy unique advantages across several methods when it is time to acquire their next vehicle. Auto leasing in West Virginia or buying a vehicle are each beneficial depending on your driving habits. When exploring a buy or lease auto deal, it is essential to understand how you will use the new model within your lifestyle. These circumstances dictate which purchasing method best fits what you want out of the vehicle. The sales staff at Hancock County Chrysler Dodge Jeep Ram assembled this auto leasing vs. buying list to help you gain more knowledge about each scenario. Take a look at our West Virginia auto leasing and buying research, and then visit the showroom to pick out your next vehicle!

Pros of Buying

  • There are no travel limits when you buy a vehicle.

  • Accessorize your model with new devices and components.

  • When the vehicle is paid off, you will not have any more monthly payments.

  • Use the value of your current model toward the purchase of your next vehicle.


Cons of Buying

  • You have to pay a greater sales tax when buying.

  • A larger down payment is likely needed when agreeing to a loan.

  • Interest rates continue throughout the loan.

  • You have to pay for repairs out of your pocket when the warranty expires.



Pros of Leasing

  • Auto leasing in West Virginia affords reduced upfront costs with a smaller or no down payment.

  • Monthly auto lease rates are lower because there will not be an associated interest rate.

  • Shorter lease terms allow you to drive a greater variety of models because you can switch them more often.

  • The vehicle warranty continues through the length of the lease.

  • Returning a model after the lease ends is simple.


Cons of Leasing

  • Lease agreements come with mileage restrictions that hinder long-distance driving.

  • There will always be a monthly payment with a lease.

  • The leased vehicle must be returned in tip-top condition.

  • To cover the full cost of the model, you will need GAP Insurance.


Shop For An Exceptional Vehicle Today!

Learn more about West Virginia auto leasing and buying benefits by visiting the showroom at Hancock County CDJR. Our sales professionals will be happy to go over these different auto lease deals and buying specials, and set you up with a test drive!

Contact Hancock County CDJR

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Contact

Hancock County Chrysler Dodge Jeep Ram

845 Washington Street
Directions Newell, WV 26050-1190

  • Sales: 304-387-3100

Hours

  • Monday 09:00AM - 08:00PM
  • Tuesday 09:00AM - 06:00PM
  • Wednesday 09:00AM - 06:00PM
  • Thursday 09:00AM - 08:00PM
  • Friday 09:00AM - 06:00PM
  • Saturday 09:00AM - 05:00PM
  • Sunday Closed