Should I Lease or Buy My Next
Stellantis Vehicle?

Questions that reveal answers to fit your lifestyle and pocketbook.

A new vehicle is always exciting, but sometimes deciding between leasing or buying a vehicle can be challenging. There are pros and cons to both options, and the best choice depends on your driving habits, preferences, and budget. To help facilitate your decision, Stellantis Financial Services has compiled the following information in a side-by-side comparison to help you make an informed decision. It’s our way of serving customers with more than just a set of numbers.

Start with your general driving habits.

How many miles do you drive (annually, monthly, weekly)?
Do you cover more highway miles or inner city “stop-and-go” traffic?
How will you use your new vehicle (recreation, work, daily driver)?

Next, ask yourself what “MUST HAVE” features you want or need in a vehicle.

What is most important to you for a great driving experience? Some of those features may be items such as:

Safety - park sense, lane departure
Performance - engine and handling abilities
Appearance - sporty, classic, etc.
Convenience - remote keyless entry, remote start
Fuel efficiency - high mileage, hybrid

Lastly, weigh the pros and cons of a lease vs. loan.

Remember that a lease is just what the words imply, a set of payments based on the amount of vehicle usage, not the entire value of the vehicle.

LEASE

LOAN

No ownership. No asset. Pay for a portion of the vehicle’s lifespan that you will use (24, 36, 48 mos. etc.).

Ownership + Equity

Lower Payments in most cases.

Higher payments in most cases.

Only pay for excess wear and tear (discounts and/or maintenance may be included). Customer may also be responsible for excess miles.

Normal wear and tear/scheduled maintenance costs out-of-pocket.

Latest vehicle style with the latest tech for a lower price.

Trade-in/purchase for the latest vehicle style and technology.

No negative equity at lease end.

Pay for the full price of the vehicle, regardless of the value.

Build credit with on-time payments.

Some customization options (beginning of the lease).

Unlimited customization options.

Responsibilities 30, 60, 90 days out in preparation for vehicle return.

No preparations for final payment.

End of lease term purchase option. Taxes may apply according to the state you purchase or reside in. Lease or purchase a new vehicle.

Final payment. Keep your asset or trade-in/apply to the cost of a new vehicle. No additional taxes.

If lower payments, peace of mind when it comes to costly repairs, more end-of-term options, up-to-date styling and technology, and lower upfront out-of-pocket costs sounds appealing, then leasing may be a great option for you.

If you are not as concerned about the number of miles driven and prefer total ownership, scheduling your regular maintenance (MOPAR runs regular service specials), unlimited customizations, no restrictions, and no taxes upon payoff, etc., then purchasing may be your answer.

Once you have an idea of the best financing option, select a vehicle, and compare costs. Seeing how the numbers play out for each finance option helps you apply this to your lifestyle and pocketbook with confidence.

Lease vs loan payment comparison.

Example of a lease payment for a 36-month term compared to a loan payment at 60 and 72-month terms. Not valid at any dealership. The chart below is used for educational purposes only.

Calculation based on a 2024 Wrangler 4-Door Sport S.

LEASE

LOAN

Car Price

$43,990

Down Payment

$1,000

Money Factor/APR

0.00299

7.49%

Months

Payment

$527.60

$838.31

$723.32

Rates calculated based on market rates as of February 2024.

Ready to lease or buy?

We have more than 2,600 Stellantis dealers across the nation ready to serve you! Visit your local Stellantis dealership for more information.