Not all drivers want to purchase a brand-new truck, and a used RAM lease is something we get asked about frequently. Unfortunately, you cannot lease a used RAM truck, but that doesn’t mean you don’t have good options. Our team at Lester Glenn Chrysler Dodge Jeep® RAM FIAT is here to explain your options from leasing a new truck to used car financing.
Comparing the Costs of a RAM Lease and a Loan
A RAM lease will entail modest upfront costs like a down payment, the first month’s payment, and some taxes and fees. The monthly payments are based on the vehicle’s anticipated depreciation during the loan life. Leasing costs tend to be much less than buying a new RAM truck, which requires a much bigger down payment and monthly payments based on the truck’s actual value plus interest. If you want to own your truck outright, consider used RAM financing.
Benefits of new RAM Lease
Buying a car lets you own it outright once you’ve paid off your loan, but that’s not the ultimate goal for every driver. Many people instead prefer a RAM lease because of benefits such as:
- Less anticipated maintenance and repair costs
- Included GAP coverage
- Flexibility at the end of the lease
These advantages are, of course, in addition to the financial benefit of a lease costing less overall than a loan.
Advantages of Used RAM Truck Financing
Financing a pre-owned RAM truck can be a smart way to enjoy the capability and dependability you need while keeping your monthly payments affordable. Because used trucks typically cost less than new models, financing may require a smaller loan amount and can help you build equity in your vehicle over time. Once your loan is paid off, you’ll own your RAM outright and can continue driving it without monthly payments.
Find Your Next RAM Truck in Toms River, NJ
So, can you lease a used RAM truck? The answer is no, but you still have plenty of other options! Head over to our RAM dealership in Toms River, NJ to explore a new RAM truck lease or pre-owned financing.
