Financing vs. Leasing in Melfort, Saskatchewan

Getting a new vehicle is exciting, but knowing if you want to lease or finance it raises questions for many buyers. The answer to this question lies within your specific situation, as some customers will prefer to finance meanwhile others see greater benefit in leasing. Regardless if you wish to finance or lease, our Finance Centre at Diamond Dodge has the experts to make your vehicle ownership dreams a reality. You will also find the best selection of vehicles at our lot, giving you many excellent options that cater to various needs and lifestyles.

Overview Of Financing

To know if financing is the right method for your situation, begin by evaluating your wants. Those who wish to finance usually want to keep the vehicle for a long time, have complete ownership, freedom to customize the vehicle, and no payments after the finance is over. Although those are attractive factors, you will need to be okay with having higher monthly payments and unexpected repairs after the warranty is over. Lastly, if you need to drive more than the average amount of kilometres a year, your only option might be to finance.

Overview Of Leasing

On the other hand, you will have leasing options, and those come with their own set of pros and cons. Leasing could be the right option for you if you wish to have a new vehicle every two to three years, lower monthly payments, and a vehicle that's always under warranty. The right person for leasing will need to have a predictable lifestyle, an average amount of kilometres to drive, and no issue properly maintaining the vehicle for the lease period. If those factors align with your goals, make sure to discuss the available leasing options with our experts at the Finance Centre.