To buy or not to buy, that is the magic question…
If you’re in the market for new cars for sale Edmonton, you may be wondering whether it’s better to buy or lease. Leasing has grown in popularity over the years, but is it always the best option?
At Capital Chrysler, we’re helping you decide whether you should buy or lease new cars in Edmonton– just keep reading to see which option is best for you.
Buying Versus Leasing New Cars in Edmonton
Both buying and leasing are viable options for new car, truck, and SUV shoppers, but there is most likely only one option that is right for you.
Here’s how to know whether you should buy or lease new vehicles for sale in Edmonton:
You should buy if…
You want to build equity.
After paying off your car loan, that vehicle 100% belongs to you. Buying is typically a good option for younger drivers who don’t have a lot of credit to their name. Buying now also gives you more selling power in the future.
You like freedom.
The new car you purchase is yours to do with what you will. If you want to add vehicle accessories or any after-market modifications or repairs, you’ll want to buy rather than lease. And if you don’t get into any major accident, you decide if and when you want to sell your vehicle without being limited to a certain amount of time that comes standard in a lease.
You drive a lot.
Most Canadian leases have specific mileage restrictions between 16,000 and 24,000 km. If you go over the mileage amount before your lease term is up, you’ll get charged for exceeding the limit. If you’re expecting to take many cross-country road trips, you’ll most likely want to purchase your next new car for sale in Edmonton.
You should lease if…
You love the latest new models.
If you’re the type of person who loves to have the latest iPhone the day of its release, you might be interested in leasing the newest Chrysler, Dodge, Jeep, and RAM trucks for sale in Edmonton. When you lease a new car, truck, or SUV from Capital Chrysler, you can drive a vehicle with the newest and most advanced vehicle features without forking over thousands of dollars to buy it outright.
You hate hassle.
Leasing a new vehicle from Capital Chrysler is a super streamlined process. You know exactly what to expect when you sign the lease contract, and when your lease is up, you simply drop off the vehicle at our dealership! Leases also come with factory warranties, scheduled maintenance, and more great benefits!
You prefer lower payments.
Who doesn’t love lower payments?! With leasing, not only do you typically enjoy lower monthly payments than you would with an auto loan, you also rarely need to pay a down payment. In general, leasing is a great option for those who want to drive the newest vehicle model at a lower cost than it’s actually worth.
Buy or Lease New Cars for Sale in Edmonton at Capital Chrysler
So will you be buying or leasing?
After you take a look at our impressive new vehicle inventory, contact our finance department to learn more about your finance and leasing options.
Whatever your decision, Capital Chrysler has excellent financing and lease options on new Chryslers, Dodges, Jeeps, and RAMs for sale in Edmonton.