McCarthy Jeep Ram Chrysler Dodge Lee's Summit Finance Center
McCarthy Jeep RAM Finance Center
At McCarthy Jeep RAM, we offer competitive auto financing rates and terms on our great selection of new and used trucks, cars, and SUVs. Whether you decide on auto financing or auto leasing, we’re here for you. Our finance experts are here to guide you through the financing process and help you get into your new vehicle. Contact McCarthy Jeep RAM’s finance team today, or if you’re ready to start the financing process, you can fill out our secure finance application online. Still have questions? Let us help guide you with our car-buying tips and tools, or you can explore our rotating Dodge lease offers for savings on your favorite Dodge vehicles!
Buying vs. Leasing: Which Is Best for You?
If you’re looking for a new car near Kansas City, you may be wondering if you should buy or lease. The answer depends on your financial situation and your personal preferences. Here are some key differences between auto loan financing and leasing, so you can get a better idea of which option is best for you!
- Many Blue Springs drivers prefer leasing because of the lower monthly payments. Often, there is no requirement for a down payment at all, which is great if you don’t have a lot of capital to play with. Sales tax may also be lower or non-existent.
- With leasing, you’ll always be on the cutting edge. Between the latest technology and lower payments, you’ll have access to the best the manufacturer has to offer.
- When you want an upgrade from one lease to another, there’s no negotiating between trading in or selling your previous car. It’s as simple as paying any remaining owed and any possible fees, then moving on and up!
- Drivers with less-than-ideal credit may prefer leasing because it can be easier to obtain approval than with a car loan.
- Leasing does come with certain stipulations like mileage limits, but if you adhere to the lease agreement, your warranty coverage will protect your car in case of needed service.
- With auto loan financing, customization has no limits. Whether you want to paint a mural on the side of your vehicle, or you simply want the best parts and accessories to tailor your driving experience, it’s entirely up to you.
- When you buy your next vehicle, you don’t have extra stipulations on returning it.
- Auto loan financing also means there are no mileage limits. That road trip to see old friends is entirely up to you and your schedule.
- Drivers typically find that buying is more straightforward than leasing. You can even begin your application from the comfort of your home in Independence today!
- You can also sell or trade in your car whenever you want added value to your upgrade.
In sum, buying vs. leasing is an age-old question that car shoppers face. But really, buying and leasing are just two different types of auto financing solutions!
As a reminder, auto financing involves purchasing a car and dividing its cost out over a certain period of months, plus interest. Once paid off, you own the car. An auto financing agreement is to a car what a mortgage is to a home. Auto leasing, on the other hand, involves paying for a portion of the car’s value over a period of time, then returning it once you finish making payments. An auto lease is to a car what a lease or rental is to an apartment or home.
How Much Can I Afford for a Car?
When you go to purchase a new car and are in search of Jeep financing or RAM financing, you may be wondering how much you can afford. To determine this, most financial experts use an easy rule of thumb: Drivers should spend no more than 10% of their take-home pay on a car loan payment and no more than 20% on total car expenses, which includes things like gas, insurance, repairs, and maintenance.
Once you know the monthly car payment you can afford, you can calculate how much you can afford to borrow for your car loan. To help you calculate your payment, McCarthy Jeep RAM has a payment calculator that’s free for you to use! Simply input your information, and the calculator will help you determine Dodge financing rates, Jeep financing rates, and RAM financing rates. Do you have specific questions? Contact us, and one of our finance experts will help you!