Auto Loans vs Car Leases in Bloomfield Hills, MI

Lease a in Bloomfield Hills, MI

When you've made up your mind and decided which car to get, the next step is to decide which financing plan to choose. And thanks to the experts at Golling Chrysler Dodge Jeep Ram in Bloomfield Hils, Michigan, we make that process easier. Our handy guide below talks about the advantages and disadvantages of leasing and buying. However, our professionals are happy to talk over your options in person. We take pride in having a great relationship with plenty of banks and lenders so you can achieve a low rate auto loan or competitive auto lease near Troy, Waterford Township, Rochester Hills, and the surrounding Bloomfield Hills area. Read our descriptions below, then get in touch to start the financing or leasing process.

 
Call now!
(248) 334-3600

Finance Department

Leasing vs Buying from our Bloomfield Hills, MI Dealership

BenefitsLeasingBuying
Ownership x
Lower Down Paymentx
Lower Monthly Paymentx
No Mileage Limit x
Vehicle Customization x
Easier Trade Inx

Lease or Finance?
Bloomfield Hills, MI | Troy, MI | Rochester Hills, MI

Leases

If you love the idea of flexibility, then an auto lease from Golling Chrysler Dodge Jeep Ram might make the most sense. With a lease, you won't be tied down to your car, meaning you can upgrade or change your vehicle every few years for the latest and greatest technology. You'll have an easier time trading in your vehicle, as once you're done with the contract, you don't have to continue to pay for your vehicle. You'll also see more financial flexibility, thanks to the smaller car payments and the smaller down payment required. Since you're not working towards ownership with a lease, you don't have to pay off the entire value of the car, which gives you more of an opportunity to choose a more expensive model or upgrade your trim levels. Leases also have great warranty options, which typically cover most maintenance related costs. However, it is important to note that car leases are contracts, so if you want to terminate your lease agreement early or you exceed the mileage limit, you might have to pay hefty fines.

 

Loans

Auto loans are a great way to work towards ownership. While payments might be more expensive than lease payments, once you've paid the last invoice, you officially own the car. When you're ready to sell it, you get whatever money you sell or trade it in for. Plus, when you opt for an auto loan, you'll never have a mileage limit. You'll have the freedom to take road trips, wherever you want to go. If you love to customize or personalize your vehicle then a car lease might be the better option. Not only can you upgrade to performance parts, but you can choose custom paint jobs without having to break a contract or agreement. However, you will be in charge of maintenance and repair fees since you'll own the vehicle outright. This allows you to repair the vehicle on your own and make modifications that suit your driving style.

 

Choose the Right Financing Option for You

Both leasing and financing your next vehicle are great options. Golling Chrysler Dodge Jeep Ram offers a highly skilled financing team that can help you secure the competitive plan you deserve. We also offer bad credit financing plans, if you need help with your less-than-perfect credit score. We'll take the time to help you, all in a no-pressure environment. Come on down to our Bloomfield Hills, MI dealership to learn more about our lease specials and financing specials!


Apply for Financing

  Hours

Dealership Hours
Mon, Thur9:00am - 9:00pm
Tue - Wed, Fri9:00am - 6:00pm
Saturday10:00am - 3:00pm
SundayClosed
; ;