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Find Your Ideal Payment at Performance Dodge in Woodbury, NJ

Financing your new vehicle can be done in different ways that offer advantages depending on your financial situation. You can choose from leasing a new model or buying a new or pre-owned vehicle. While there is no definitive answer to whether buying or leasing is better, it is important to know the differences between the two financing options.

Buying a Vehicle

Whether you're shopping new or used here at Performance Dodge you have the option of purchasing the vehicle. When you buy a car, truck, or SUV you can get a loan to finance your purchase, this process includes securing a loan and then paying off the loan and interest over time. Buying a vehicle often leads to higher monthly payments in exchange for ownership of the vehicle. This makes buying a great option if you like to own a vehicle for extended periods of time over three years.

Leasing a New Vehicle

Leasing is an option that is often available on new models at dealerships and offer drivers the ability to change to a new vehicle on a regular basis. Individuals who lease a car, truck, or SUV often enjoy lower monthly payments and little or no down payments. Throughout the lease term you have mileage caps and are liable for excessive wear and tear. After the leasing contract has concluded you can easily upgrade to a new vehicle and start again.

There is no perfect answer for whether buying or leasing is better for Woodbury, Cherry Hill, Mount Ephraim, or Philadelphia drivers but it is important to consider your personal financial situation.

Our team of helpful finance experts can aid you in the financing process. You simply need to apply for credit online or at our dealership and our experts will assess your information and help you find a financing solution that works best for you.

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