Buying vs. Leasing a Vehicle

When it comes time upgrade your vehicle, you have some important decisions to make, including whether buying or leasing is the better option for you. Shopping for a vehicle in Chatham, Jacksonville, or Taylorville can be overwhelming, which is why we’ve outlined the benefits of each financial option.

Buying a Vehicle

When you finance or purchase a new vehicle, you own it outright, so you have more control. You won’t face mileage restrictions or penalties for wear and tear outside of resale value when you decide to sell or trade your vehicle in. You can also secure a car loan with bad credit.

Buying the vehicle also means you’re free to keep it for as long as you’d like, rather than turning it in when a lease is up. If you do decide sell your current, the cash acquired from the sale is yours to keep.

Often times, monthly loan payments can be higher than lease payments unless you put down a sizable down payment, and you might not get a full return on investment if you do sell, due to vehicle depreciation.

2017 Dodge Durango Field

Check Out Our Inventory

Leasing a Vehicle

When you lease a vehicle, you often have lower monthly payments. This is because you’re only paying for the amount of the vehicle’s expected depreciation value over the length of your lease.

You’re able to return the vehicle at the end of your agreement in exchange for a new vehicle without the hassle of selling your current vehicle. However, won’t receive any return on investment.

You need to keep up with routine maintenance to avoid any penalties. Mileage restrictions keep you from prolonged travel or extensive commutes, and wear and tear can be costly to cover at the end of your deal.

2018 Ram 1500 Stadium

Check Out Our Blog

  • Our Top Pizza Restaurants in Springfield, IL

    Folks searching for restaurants in Springfield, IL will encounter plenty of delicious pizzas, but with so many options to choose from, we want to help offer up our suggestions for the best slices around. Green Dodge is here with a list of our favorite pizza in Springfield, IL, so you can know exactly where to go…

  • Can You Finance a Car with Bad Credit?

    If you have a limited credit history or a poor credit score, you might be wondering how to finance a car with bad credit, or, “Can I get a car loan with bad credit?”. At Green Dodge, yes, it is possible, and our finance team is here to help. Apply for Financing Contact Us How Can You…

  • All-New Ram 1500 vs. Ram 1500 Classic

    There’s a reason that the Ram 1500 is one of the most popular light-duty trucks in the U.S. In fact, it’s the 2019 Motor Trend truck of the year. We know truck drivers from Chatham to Decatur are always interested in what’s happening with this pickup, so we’ve got great news for you. There are…

  • Customize Your Pickup with Ram Truck Accessories

    Ram trucks are some of the most popular trucks in the U.S., and certainly in the Springfield area. After you buy a Ram 1500, Ram 2500, or Ram 3500 from Green Dodge, you might want to customize it to better serve you on the job site or to make it fit your personality better. Whatever the…

  • How Do You Change a Car Tire?

    Whether you experience a flat tire or the treads have worn down too far and you want to put fresh tires on yourself, knowing how to change a tire is an important skill to have. This can save you from having to wait on the side of the road in Chatham or riding around on…

  • What Does Dodge R/T Mean?

    You may have heard performance car enthusiasts toss the term “R/T” around, but not really know what it means. It stands for “Road/Track,” but it also means quite a bit more than that. If you’re a Springfield driver who puts a priority on performance, R/T should be a part of your vocabulary. Dodge Inventory Road…

Explore Your Finance Options at Green Dodge

Ready to explore your options and determine if leasing or buying is better for your Chatham drives? Contact us online or visit Green Dodge in Springfield to speak to member of our finance team.

Filter
Filter Results ×
Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

(217) 610-8240

Call Now

3801 Wabash Ave • Springfield, IL 62711

Get Directions

Today's Hours:

Open Today! Sales: 9am-7pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7:30am-5:30pm

[schema type="organization" orgtype="LocalBusiness" url="www.greendodge.net" name="Green Dodge" description="" street="3801 Wabash Ave" city="Springfield" state="IL" postalcode="62711" country="United States" email="nadim.khan@greenstores.net" phone="(217) 610-8240" logo="https://di-uploads-development.s3.amazonaws.com/greendodge/uploads/2017/05/Green-Dodge-OG-Image.png"]
Green Dodge
Green Dodge
3801 Wabash Ave
Springfield, IL, 62711 United States
(217) 610-8240
https://di-uploads-development.s3.amazonaws.com/greendodge/uploads/2017/05/Green-Dodge-OG-Image.png
Green Dodge 39.7571306, -89.727408.