5 Common Misconceptions About a RAM Lease

As the price of vehicles continues to rise, the popularity of RAM leases grows as well. Leases have also become an increasingly common option for their flexibility. However, there are some misconceptions about leases that put people off from them. Lester Glenn Chrysler Dodge Jeep® RAM shares the truth behind some of the most common leasing untruths.

You're Not Putting Money Towards Anything

Many people believe that you're throwing your money away with a lease since you're not putting it towards an auto loan. In fact, most leases have a buyout clause that allows you to purchase the vehicle at the end of the contract for a reduced cost. If you love the vehicle you're leasing, this is a great way to own it permanently once you have the available funds.

Leasing Requires a Big Down Payment

When you finance a vehicle, you typically make a large down payment since you won't have to pay interest on that portion. However, with a lease, you'll pay much less upfront. You can also work with our RAM finance experts to find preferential terms.

You Have to Pay For Damages

Another common belief about leased vehicles is that you need to keep them in perfect condition throughout your contract. In reality, leasing agreements have the cost of normal wear and tear built in. As long as you avoid expensive damages, you won't owe anything extra.

You Can't Get Out of a Lease

There are always options to end your contract if you're unhappy with the new RAM vehicle you've selected. Most leases have early termination clauses, or you can complete a lease transfer to get a vehicle that better fits your needs.

Leases Have Restrictive Driving Limits

While basic leases have yearly mileage limits, if you know you're going to go over them, you can negotiate with our team to find a high-mileage lease. Leasing packages are highly customizable, making them an excellent option for any type of driver.

Learn More About RAM Leases in Toms River, NJ

If you want to see a massive range of new vehicles available for lease, contact our Toms River, NJ, RAM dealership today. Once you're here, our financial experts can help you find preferential terms for your budget. Give us a call or stop by to get started!