Should I Lease or Finance My New Chrysler, Dodge, Jeep, or Ram in Fergus Falls

When you want a new Chrysler, Dodge, Jeep, or Ram vehicle, one of the biggest decisions you'll need to make is whether to lease or finance. Both options have advantages, and the right choice for you will depend on your needs. At Nelson Auto Center Chrysler Dodge Jeep® Ram in Fergus Falls, MN, our finance team is here to help you understand your options.

Benefits of Financing a Vehicle

Financing a vehicle through Nelson Auto involves taking out a loan to pay for the car, which you pay off over time with interest. Some of the key benefits of financing include:

• Ownership: When you finance a vehicle, you own it outright once you've paid off the loan. This means you can keep the car for as long as you want, modify it however you like, and sell it whenever you choose.
• No mileage restrictions: With dealership financing, there are no limits on how many miles you can drive your vehicle each year.
• Build equity: As you pay off your loan, you build equity in your vehicle.

Benefits of Leasing a Vehicle Through a Dealership

Leasing a vehicle involves making monthly payments to drive a new car for a set period, typically two to three years. At the end of the lease through Nelson Auto, you simply return the vehicle to the dealership. Some of the key benefits of leasing include:

• Lower monthly payments: Because you're only paying for the depreciation of the vehicle during the lease term, monthly lease payments are often lower than loan payments.
• Drive a new car every few years: With leasing, you can enjoy driving a new vehicle with the latest features and technology every few years.
• Less responsibility: As long as you keep the car in good condition and don't exceed the mileage limits, you can simply return it at the end of the lease.

Speak with Our Knowledgeable Finance Team

Navigating the world of auto financing has never been easier, thanks to the dedicated team at Nelson Auto. Whether you're a resident of Alexandria, Detroit Lakes, or Fargo, our finance experts are committed to finding a solution that fits your budget. We've successfully assisted customers all over Minnesota and the Dakotas, including Elbow Lake, Breckenridge, Wahpeton, and Sisseton, making the car-buying process a breeze. Our seamless online application allows you to get pre-approved from the comfort of your home, so you can drive away in your new vehicle sooner.