Perhaps the most intimidating aspect of getting behind the wheel of a new car is understanding the financing process. Luckily, when you finance at McCarthy Lee's Summit Chrysler Dodge Jeep RAM, the process is entirely clear-cut and stress-free! That’s because our team works closely with you to ensure you know exactly what you’re getting into from the start. When it comes time to switch up how you drive around Lee's Summit, trust McCarthy Lee's Summit Chrysler Dodge Jeep RAM to make it possible.
If you’re looking for a new car near Kansas City, you may be wondering whether 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!
In sum, buying vs. leasing is an age-old question that car shoppers face, but in reality, buying and leasing are simply two different auto financing solutions. Auto financing involves purchasing a vehicle and spreading its cost over a set number of months with interest—much like a mortgage on a home—after which you own the car outright. Auto leasing, by contrast, means paying for a portion of the vehicle’s value over time before returning it at the end of the term, similar to renting or leasing a home.
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:
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 Lee's Summit Chrysler Dodge 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!
