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When you're ready to shop for a car, Dodge dealers have many models on their lots that you can lease or buy. There are pros and cons to leasing vs. buying a car and the final decision will depend largely on the driver. The first decision will be the model of vehicle that's a fit for your needs. After that, you'll have to decide how you want to structure the financial end of the deal. Pros of Leasing One of the main pros of leasing vehicles from Dodge dealers is the reduced costs. It is often possible to lease an auto without a down payment, which saves money upfront. The monthly payments are less expensive when you lease a vehicle, sometimes up to 50% cheaper each and every month. When a car is leased, there won't be sales tax, which will save another bundle of cash. Pros of Buying Although a down payment is usually required and the monthly payments are higher, some motorists still prefer to purchase their vehicle. After making loan payments for 3, 5, or 7 years, the car will be paid off and the owner will still have transportation. He or she will also have an asset to sell or trade in. Cons of Leasing There are some negatives with leasing including some fees such as early termination fees and penalties for excessive wear-and-tear or miles driven. Another con is that at the end of the lease, the car must be turned back in or purchased. If the motorist opts to turn it back in, he or she will have to lease another car or buy one. Cons of Buying When a motorist owns a car, he or she will be fully responsible for maintaining it. With vehicles leased from Dodge dealers, there is usually a warranty that covers most repairs that come up. Another negative of buying a car is that sales tax will be added to the initial price of the vehicle which can add up to a substantial amount. Although having an asset such as a vehicle seems like a good thing, it can also be a struggle to sell your used car when the time comes. Dodge dealers have all sorts of amazing cars to show you when you're in the market for one. Once you do some homework to decide which model is right for you, you'll need to take a test drive. If your chosen vehicle passes the muster on the road, you're left with the final decision. Will you lease it or buy it? If you're looking for Michigan Dodge dealers with a massive online inventory to browse from the convenience of your own home, then look no further than Milosch's Palace Chrysler Jeep Dodge. For more information, visit: http://www.palacecjd.com.
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