What Does It Mean to Lease a Car?

April 22nd, 2018 by

Whenever you’re looking for new cars for sale, you have a standing invitation to visit our location to see the vehicles in our new car inventory. We carry many models at our Dodge dealership, and we’ll be happy to help you find the automobile that will support your lifestyle and fit your budget the best.

Once you know you want to get a new car like the 2018 Dodge Journey, you have to decide whether you’re going to lease or buy the automobile. Making this choice is a lot easier when you know how leasing works. As you’ve probably guessed, leasing is quite different from buying a car.

When you lease an automobile, you’re basically renting it for a set number of months, which is often 36. You’ll make monthly payments throughout your lease, and you’ll normally have to put down some money when you sign your lease. While that’s the case, you won’t build up any equity in the vehicle you lease.

You have to maintain your leased car in good condition and avoid driving it more than an allotted number of miles every year. If you violate those terms, you’ll be required to pay a penalty when your lease expires.

If you lease a car from us, you’ll return the automobile to our car dealership near Akron, OH when your contract is up. At that point, you’ll have the option to buy the car you returned. If you don’t want to do that, you can buy or lease another vehicle or you can simply walk away.

If you’re unsure whether leasing is the right move for you, we can help. Visit Fred Martin Superstore to talk to our sales team and finance experts to get some assistance with choosing between buying and leasing.

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