What are the pros and cons of leasing a truck?
With the tempting truck lease deals available at Ewald Auto, you might be considering leasing your next Ram. There are many great reasons to lease a truck from our Ram dealership in Milwaukee. That said, leasing isn't always suitable for the needs of every customer. Are you trying to decide if a Ram lease is right for your budget and lifestyle? Let Ewald help answer your most pressing questions.
Should I lease a pickup truck?
Before you decide to lease a truck, it's crucial to understand what a lease entails. When you enter into a truck lease deal, you are agreeing to pay for the use of the vehicle for a certain amount of time. It's similar to renting a truck, but for a much longer term. Your lease agreement will include a mileage allowance and conditions for normal wear-and-tear. At the end of your lease, you're able to return the truck to our Ram dealership in Milwaukee without any hassle.
What are the advantages of a Ram truck lease?
- Leasing at our Ram dealer near you often costs less money than buying a truck. Payments on a Ram 1500 lease will typically be less expensive than payments on an auto loan for the same truck. You can often place a lower down payment on a lease compared to a loan, as well.
- Leasing ensures that your truck will remain under manufacturer warranty while you're driving it.
- Leasing is a great way to enjoy a brand new truck without committing permanently. After your lease ends, you can buy the truck, lease a new truck, or walk away.
What are the disadvantages of leasing a truck?
- One of the biggest drawbacks of a truck lease deal is the limitations for usage. You're expected to return your leased truck in the same condition that you received it. If you're shopping for a truck to use for intensive labor, a Ram lease might not be the best choice. Trucks that need to endure a lot of abuse may not uphold the lessor's definition of "normal wear-and-tear". This could result in expensive fees when you return your truck to our Ram dealership in Milwaukee.
- If you plan to modify your truck, you'll also be better off buying from our Ram dealer near you. You'll be expected to return your Ram 1500 lease in its original condition. Installing expensive modifications only to remove them after a few years isn't cost-effective.
- When you lease a truck, your lease payments cover your use of the vehicle. Your payments won't build equity in the truck over time, and you won't own it outright at the end of your lease agreement. If building equity is a major factor, you're probably better suited to buying a truck from our Ram dealership in Milwaukee.
Explore Ram lease deals at Ewald Auto
Choosing between buying and leasing is a matter of personal preference, lifestyle, and budget. If there is anything Ewald Auto can do to help you decide, please don't hesitate to reach out! When you're ready to learn about the latest Ram lease deals at Ewald Auto, stop by our showroom at your convenience. We look forward to serving you!
