Finance Department

Are you in the process of looking for a new or used car for sale in Houston, but you aren’t quite sure whether auto loan financing or car leasing is best for you? Don’t fret because you are not alone! While deciding between leasing vs. financing may seem like a daunting task, the finance experts at Gulfgate Dodge Chrysler Jeep Ram near Pasadena are here to walk you through each option and help you decide whether financing or leasing is best for your lifestyle and budget. While you’re here, don’t forget to browse our helpful car buying tips where we discuss popular topics such as trading in a financed car and so much more!

Perks of Financing vs. Leasing

As you’re contemplating whether to lease a car near Houston or to finance a car in the Pearland area, our finance team is ready to help you find the option for your budget. Both options have their pros and cons, but ultimately auto loan financing consists of taking out a loan from the dealership, a bank, or an outside lender. Once you’ve completed paying off the loan, you will have full ownership of the vehicle. As for car leasing, the dealership owns the car until the lease is up. Once your lease is over, you can either return the car and upgrade to a new one, or purchase the vehicle.

Take a closer look at a breakdown of the differences between leasing vs. financing, below:

Benefits of Leasing

• Lower monthly payments
• Easy trade-in process
• Great warranty coverage

Benefits of Financing

• No mileage restrictions
• Ability to customize the vehicle to your liking
• Owning a car is a valuable asset

Finance or Lease with Gulfgate Dodge Chrysler Jeep Ram

Whether you’re deciding if a new car lease or used car finance options are best for you, don’t hesitate to contact us today! We also offer convenient online tools such as a finance application and payment calculator so you can better determine how these options fit into your budget in Baytown. The Gulfgate Dodge Chrysler Jeep Ram team looks forward to working with you!