No two businesses are the same. Some businesses depend on leasing their fleet vehicles while others choose to buy or finance them instead. Here are a few points to consider with buying vs. leasing fleet vehicles:
Leasing and buying both have perks in terms of affordability, but for different reasons. Let’s compare:
Tax benefits: Buying a vehicle can provide your business with potential tax breaks that you won’t get when you lease.
Equity: When you purchase a fleet vehicle, you can build equity that you can use to refinance the vehicle later or trade in for something new. You don’t build equity in a leased vehicle.
Depreciation: New vehicles depreciate in value dramatically for the first couple of years after purchasing. If you don’t have much money to put toward a down payment, you could end up with little equity for your purchased vehicle until a few years later.
RAM is beginning to release some details about its upcoming trucks for the 2021 model year as their releases quickly approach. There’s never a RAM we aren’t excited for, and it looks like next year’s options won’t make us stray from that rule. From the reintroduction of the mid-size Dakota pickup truck to the incredibly rugged, built-for-fun 1500 Rebel TRX, RAM expands its offerings to include a truck for everyone.
RAM will, undoubtedly, release more information to the public about its 2021 lineup. Here’s what we know so far:
2021 RAM ProMaster City
Businesses and commercial fleets will love everything about the updated 2021 RAM ProMaster City. The versatile and functional work van has been around for a few years now, but never with as much technology as it’ll have for the upcoming model year. At The Work [...]
Buying a new vehicle is only one part of the process. You also need to take care of that vehicle for years to come. Your manufacturer’s warranty will help you do that, but reading through them can make you more confused than you were before you started.
Manufacturer warranties cover a lot of stuff, but there’s also a lot they won’t cover, and it’s crucial to understand what typically gets left out of your warranty and why.
What the Manufacturer’s Warranty Doesn’t Cover
Your manufacturer’s warranty could differ from the norm, so it’s always a good idea to read through it and ask your salesperson for help if you don’t understand something. In general, these points aren’t covered by a manufacturer’s warranty:
The maintenance of your vehicle is your responsibility, so it’s not something the manufacturer will pay for. You’ll need to get on a regular schedule of oil changes, tire rotations, fluid [...]
Winter weather is upon us, but that doesn’t mean your vehicle has to suffer. With regular maintenance checks, your car can stay on track to power through winter safely. Here are the most important car components to monitor before and during the winter:
Your tires play a significant role in how well (or not) your car moves in the winter. That includes your ability to accelerate and brake in icy or wet conditions.
If you live in an area prone to frigid temperatures, snow, and ice, you should consider putting a set of winter tires on your vehicle before winter weather arrives. Keeping your current tires? Make sure they have plenty of tread for ample traction. Check your tire pressure frequently, because cold temperatures can quickly bring it down and affect your traction.
You’ve probably attempted to start your car in frigid temperatures before only to be met with a slow-to-start groan from [...]
Diesel cars are not a popular choice in the US. In fact, only 3% of motorists in the US drive one. By comparison, over 50% of drivers in Europe opt for the fantastic fuel economy and environmental benefits of a diesel vehicle.
So, if you are thinking about coming down to see us at Sherry Chrysler and picking yourself out a new car, truck, or SUV, here are some fantastic reasons that you should choose one with a diesel engine!
There was a time when you could sell a diesel vehicle on the fact that diesel fuel was so much cheaper than gas. These days, the cost at the pump for diesel tends to be the same or even more than regular gas.
This parity of price tends to trick people into thinking that diesel and gas cars cost the same to run, but the truth is that a diesel car can be [...]
The car-buying process can be expensive and stressful on its own. Throw in extra opinions about what you need to buy from your car from an auto salesman or well-meaning friends and family, and you could end up even more overwhelmed.
There are several aftermarket products – or those that get added on after the original manufacturer’s sale – that you might hear about during your vehicle search. However, not all of them are ones you should shell out cash for.
Aftermarket Products That Might Be Worth Your Money
The aftermarket products and services you choose, if any, should reflect what you need most in your vehicle. Here are a few products to consider that could be beneficial investments:
An extended warranty isn’t something you’ll always need, but it’s wise to consider it when the vehicle you’re buying has an excellent warranty already that might run out within the next year or two. [...]
A car is a big purchase regardless of whether it’s new or used. That’s why several financing options exist to help you afford the car you want and need. No matter the finance option, though, it’s likely you’ll need a down payment before you can drive off in your new ride.
But how much do you have to pay and how much should you pay? Sometimes, paying a little more than required for your car loan is the best way to go.
The Importance of a Down Payment
Although some promotions make it possible to pay $0 down on a new or used vehicle, more often than not, you’ll need at least some money down. And, even when an offer gives you the chance to skip a down payment, you might want to consider paying something anyway. Down payments have several benefits for you, including:
Here at Sherry Chrysler, we believe in giving you the financial options you need to get the vehicle of your dreams, which is why we offer both financing and leasing packages for many of our cars, SUVs and pickup trucks.
In this article, we’ll break down exactly what leasing a car, or buying one on finance, actually means and what the benefits are of each option, so you have the information you need to make the right decision.
What Is Car Leasing?
The best way to think of a car lease is that it is like renting a car, but instead of paying money upfront for the rental period, you pay equal monthly payments until you reach the end of your lease.
Once your lease is up, you have to return the car to the dealer. Depending on the terms of your particular contract, you may then have the option to pay a lump sum [...]
With its iconic styling and impressive off-road capabilities, the Jeep brand has certainly made a name for itself. Jeeps are well known for being durable, dependable, and fun to drive!
With seven different models to choose from, the Jeep line-up is now more exciting than ever. Whether you’re looking for a luxury SUV or an off-road workhorse, there’s a Jeep that’s perfect for you. There are a lot of factors that go into choosing the best Jeep model including your budget, personality, and driving style. Check out this review of Jeep’s top models, so you can decide for yourself which one is right for you.
When most people hear the word Jeep, they immediately think of the iconic Wrangler. This classically styled vehicle features Jeep’s recognizable seven-slot grille, removable doors, and a removable hard or soft top. It also has a rugged, washable interior complete with drain plugs and a passenger-side grub handle
As one of the most recognizable minivans in America, the Chrysler Voyager has been a popular choice for families for decades. And now Chrysler is bringing this classic name back to life as part of its 2020 lineup.
As an updated and rebadged version of another Chrysler minivan, this new arrival promises to deliver an affordable price tag with attractive accessories and reliable performance. With different trims and optional accessories available, this new Voyager has plenty to offer.
A Familiar Name On A Familiar Model
Although Chrysler is reviving the Voyager, it won’t be an original addition to their lineup. The reliable Pacifica is being rebadged as the Voyager, and their appearance is almost completely identical.
The Voyager has a slightly different body, cloth seats, and does not have some of the high-end materials or accessories that the Pacifica has. The pricing of the 2020 Voyager hasn’t been released yet, but experts believe the price [...]