Should I Lease or Buy My Next
Stellantis Vehicle?

Smart questions to help guide your decision—and your budget.

There’s nothing quite like the excitement of getting into a new vehicle. But before you hit the road, it’s important to decide: should you lease or buy? Both options have unique advantages, and the right choice depends on your lifestyle, driving habits, and financial goals.

To make the decision easier, Stellantis Financial Services has created a helpful side-by-side breakdown of what each path offers. Because at the end of the day, it’s about more than numbers—it’s about finding what works for you.

Step 1: Know your driving habits.

Start by reflecting on how you use your vehicle:

How many miles do you drive weekly, monthly, or annually?
Is your drive mostly highway cruising or city stop-and-go?
Is this vehicle for daily commuting, weekend adventures, work, or all of the above?

Step 2: Identify your “must-have” features.

Think about what makes a great driving experience for you. Prioritize features such as:

Safety: Lane departure warning, parking sensors
Performance: Handling, horsepower, towing capacity
Style: Sporty, rugged, classic—what’s your vibe?
Convenience: Remote start, keyless entry, connected tech
Fuel Efficiency: Hybrid or high-MPG options

Step 3: Lease vs. Buy—what’s right for you?

Use this quick comparison to weigh the pros and cons:

LEASE

LOAN (BUY)

No ownership. Pay only for the portion of the vehicle you use (24, 36, 48 months, etc.)

Full ownership. Pay the entire value over time and build equity

Typically lower monthly payments

Higher monthly payments

May include maintenance and warranty benefits

Maintenance and repairs are your responsibility

Extra mileage or wear-and-tear charges may apply

No mileage limit or excess wear to consider at the end of the loan

Get the latest model and tech more often

Keep the vehicle long-term or trade it in later

No negative equity at lease end

Risk of negative equity if resale value is lower than expected

Build credit with on-time payments

Limited customization

Full customization freedom

End-of-lease options: return, buy, or lease another vehicle

No lease-end obligations—vehicle is yours to keep or trade

Option to purchase at lease-end (Taxes may apply - varies by state.)

No additional taxes at loan payoff

Which option fits your life?

Leasing may be ideal if you:

Want lower payments
Prefer new models with up-to-date tech
Value lower repair costs and warranties
Don’t drive high mileage
Appreciate flexible end-of-term options

Buying could be better if you:

Drive a lot and don’t want mileage restrictions
Prefer long-term ownership and no final payments
Want to customize without limits
Plan to keep your vehicle for years
Don’t want to worry about lease-end terms or excess charges

Cost Comparison: Lease vs. Loan

Let’s look at how payments stack up. Below is a simplified example using a 2024 Jeep Wrangler 4-Door Sport S, showing different financing terms:

LEASE (36 MOS.)

LOAN (60 MOS.)

LOAN (72 MOS.)

Car Price

$43,990

Down Payment

$1,000

Rate (APR or Money Factor)

0.00299%

7.49%

Payment

$527.60

$838.31

$723.32

Note: Sample rates and terms for illustrative purposes only, based on market data as of February 2024.

Ready to take the next step?

Whether you choose to lease or buy, Stellantis has a nationwide network of over 2,600 dealerships ready to assist. Visit your local dealership or explore online to find the perfect vehicle and financing plan for you.

Drive smarter. Choose confidently. Stellantis Financial Services is here to help.

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