Finance Center

Buying or leasing a new Chrysler, Dodge, Jeep, or RAM can be a tough decision. Understanding the differences can help you choose what’s right for you.

When you buy a vehicle, you pay for the entire car. This usually includes a down payment, paying or financing the sales tax, and making monthly payments with a set interest rate. Buying is a good option if you drive a lot of miles or plan to keep your vehicle for many years.

When you lease a vehicle, you only pay for the portion of the car you use. Sales tax is included in the monthly payment, which is based partly on a money factor similar to a loan interest rate. Leasing typically requires the first payment at signing and is ideal for those who want lower monthly payments and a new vehicle every few years.