Call
Hours & Maps

Get Hours and Directions

x

1945 I-10 S, Beaumont, TX, 77701

Get Directions dealer map

Dealership Info

Phone Numbers:Sales Hours:
  • Mon - Fri9:00 AM - 7:00 PM
  • Sat9:00 AM - 6:00 PM
  • SunClosed
Service Hours:
  • Mon - Fri7:00 AM - 6:00 PM
  • Sat8:00 AM - 4:00 PM
  • SunClosed
Service

Leasing vs Buying a New Car

Lease vs Buy

Why Lease a New Car?

If you prefer to drive newer, safer, more reliable cars, but not commit to a large down payment every few years, and also don’t drive an excessive amount every year, then a new car lease might be the right choice for you. Leasing is ideal for people who prefer to bypass the annoyance of selling and buying every time they want to upgrade to a new car, truck, or SUV.

Why Buy a New Car?

Conversely, if you want long term automotive relationships with a greater sense of ownership and commitment, then buying may be what’s right for you. Car-buying is typically best for shoppers who don’t mind driving the same car, truck, or SUV for over five years or even until it is no longer fit for the street.

Buying vs Leasing: Which Is Right for You?

Being aware of the pros, cons, and overall benefits of leasing vs buying a car or truck is imperative. Be sure to consider repair costs, vehicle ownership, monthly payments, and potential savings when considering the best new car or truck financing type for you.

Buying: Ownership vs Leasing

When considering vehicle financing, new car, truck, or SUV ownership certainly comes with many well-known advantages, most associated with outright ownership of the vehicle. You may not realize, but, there are also some great upsides of leasing, as well. It’s essential to consider all financial aspects including term length, down payment, monthly payments, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A meticulous audit of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the optimal choice between leasing and buying a new car.

benefits of leasing vs financing a new car

Monthly Payments

Vehicle lease payments are often less expensive than car financing and loan payments as the typical lease structure is pretty much renting with the option to buy out at the final payment of your lease term. Remember when leasing that you will need a good credit score, and will be asked to carry comprehensive and collision insurance, though the same can be said for the best rate auto loans. Though it might add to your monthly payments, it is also wise to choose a model with the features you want or need, as personal satisfaction is often priceless.

more expensive to buy or lease a new car

Maintenance & Repair

Auto leases often include regular vehicle maintenance & repair. It’s important to remember this when projecting monthly costs of leasing vs ownership. Regardless of which make and model you choose, mechanic bills are an uncertain cost that can quickly add up. And for those who are not certified mechanics with a hydraulic jack and full toolset in the garage, leasing might be the best option for peace of mind.

lease vs finance car analysis

Savings vs Investment

In general, a new car or truck lease saves money in the short term with lower monthly payments, while buying earns you a long term investment, meaning full ownership of the value of the car, truck, or SUV at the time it is traded, sold, or paid-off. For best value on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For maximizing investment on a purchased/financed vehicle, you can pay it off in a shorter term and also avoid excessive wear and mileage.


Lease Buy
Maintenance & Repair Costs Typically Included Not Included
Down Payment Smaller Down Payment Larger Down Payment
Monthly Payment Smaller Monthly Payments Larger Monthly Payments
Ownership No Ownership Pride of Ownership
APR % Credit-Based Credit-Based
Finance Term Approx. 2-4 Years Approx. 3-6 Years
Savings/Investment Short Term Savings Long Term Investment
Vehicle Customization Not Available Available
Pre-Owned Vehicles Not Available Available
Poor Credit Financing Not Available Available
New Vehicles Available Available


Chrysler Jeep Dodge Ram Lease and Finance Offers In Beaumont TX

Mike Smith Chrysler Jeep Dodge Ram knows that choosing the right Chrysler Jeep Dodge Ram car and financing option is never easy. Our team of experienced Chrysler Jeep Dodge Ram lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in Beaumont, TX. We look forward to serving you.


Now It’s Time to Decide:

Ask yourself this: do you love changing your car often and hate a huge upfront payment? Customers who love new cars every few years and don’t like paying a significantly high amount every month or hate the idea of a longer finance term may like the idea of leasing a vehicle. Mike Smith CJDR lease deals offer a flexible lease term option, so customers can make an educated decision while choosing a lease deal.

If your answer is “no” to the above question, then purchasing a car is your best option. Once you have settled on the CJDR model you want, check out our specials, lease deals, and all current offers to see what works best for you. We offer a variety of incentives, that are updated monthly, for both leasing and car buying financing option. We recommend customers to contact our local dealers to learn more about the ongoing offers available in their location.

No matter what you choose: lease or buy, our sales experts will assist you all through your new car purchase or leasing journey. Call us or contact us when you are ready and we’ll put our expertise to work for you.




Lease vs Buy Chrysler Jeep Dodge Ram In Beaumont TX | Mike Smith Chrysler Jeep Dodge Ram

Cars logo
Cars Aug 24, 2021
 

New truck 6 months ago with prompt reminders for service. Had the truck in at weekend and the staff were very efficient. Service completed while I waited with coffee on hand. Excellent service provided

Read more at Cars

Cars logo
Cars Aug 21, 2021
 

I routinely come here to get my oil changed and every time the service is fast and Ms. Jennifer always does a great job at getting me in and out. Will definitely continue to get my car serviced here.

Read more at Cars

Cars logo
Cars May 29, 2021
 

I drove from Houston to Mike Smith CJDR to look at a CPO Jeep Wrangler Unlimited, and it was well worth the 80-minute drive. The vehicle was in very good condition, everything was exactly as advertised, and I ended up buying it. My salesperson, Denver, was great to work with - knowledgeable, personable, and he helped make the purchase process go smoothly. I have nothing but positive feedback for everything about my interactions with everyone at Mike Smith CJDR. Excellent car-buying experience all-around.

Read more at Cars

Cars logo
Cars Apr 28, 2021
 

Dealt with Willie Coleman and he made buying a new car an enjoyable experience. He answered all of our questions and even took us to another dealership in his personal vehicle to look at the competition. We are super happy with our choice to go with Mike Smith CDJ

Read more at Cars

DealerRater logo
DealerRater Jun 11, 2020
 

Great group of people to deal with. The don’t try to give you the run around Service, sakes, finance department work hard at getting things done fast and with high quality

Read more at DealerRater

DealerRater logo
DealerRater Jun 11, 2020
 

Great experience with buying our new Jeep Wrangler! Richard Gipson took care of us! Sales Manager Dayton Goodman helped to make the deal we needed.

Read more at DealerRater

DealerRater logo
DealerRater Jun 4, 2020
 

A great experience from beginning to end when buying my new ram 3500. Ivey was a pleasure to deal with. I would recommend him to anyone.

Read more at DealerRater

DealerRater logo
DealerRater Jun 4, 2020
 

Awesome experience buying my 2500 Ram from Mike Smith in Beaumont. I have bought many vehicles but none with such ease. The salesman was easy to deal with and understood my needs and wants on the vehicle. So ask for Dylan as your sales person.

Read more at DealerRater

Schedule Test Drive

If you like a new or used vehicle shown on our site and would like to see how it handles, schedule a test drive below. One of our salespeople will contact you shortly to confirm the time and date.
  • Please choose a time range above
  • This field is for validation purposes and should be left unchanged.

Contact Us

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.
  • This field is for validation purposes and should be left unchanged.
Saved Vehicles

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact Us

(409) 840-3560

Call Now

1945 I-10 S • Beaumont, TX 77701

Get Directions

Today's Hours:

Open Today! Sales: 9am-7pm

Open Today! Service: 7am-6pm

  • No Charge Worry-Free Maintenance
  • Confidence with Vehicle Protection
  • Dedicated 24/7 Owner Support
  • VIP Access to Jeep Brand Events
  • No Charge Worry-Free Maintenance
  • Confidence with Vehicle Protection
  • Dedicated 24/7 Owner Support
  • VIP Access to Ram Brand Events
  • This vehicle is being built now. Contact dealer to reserve this vehicle and discuss options for locking in pricing and eligible incentives.
  • Vehicles identified as “Being Built” are pre-production vehicles that are not yet on the dealer’s lot or in transit. Pre-production computer-generated images may be shown and may not be representative of the vehicle listed.
  • MSRP for standard equipment plus optional equipment listed. Vehicle delivery date and other vehicle information, including pricing and incentives, are subject to change until the vehicle build is complete.
  • MSRP excludes additional charges including without limitation any delivery fees, government fees and taxes, title and registration fees, finance, filing and processing charges, emission testing charge, accessories and upfits.
Mike Smith Chrysler Jeep Dodge Ram 30.05787, -94.13653.