There's just something different about the new car smell that comes with an all-new Ram 1500 pickup truck. Get a taste for yourself by visiting Sterling Heights Dodge Chrysler Jeep Ram in Sterling Heights, Michigan. Current lease offers on the all-new Ram 1500 means getting into your dream pickup with lower and more flexible monthly payments. Don't worry about the hassle that can come with buying a used vehicle, and instead focus on be able to get into a new model year after year with ease. Get to know our sales team and lease options today by visiting our Sterling Heights, MI location!
(586) 250-2967
Finance Department
Benefits of Leasing vs Buying a Ram 1500 from our Sterling Heights, MI Ram Dealership
| Benefits | Leasing | Buying |
| Ownership | x | |
| Lower Down Payment | x | |
| Lower Monthly Payment | x | |
| No Mileage Limit | x | |
| Vehicle Customization | x | |
| Easier Trade In | x |
Find a Ram 1500 to Lease
Sterling Heights, MI | Troy, MI | Clinton Charter Township, MI
The Ram 1500 from Sterling Heights Dodge Chrysler Jeep Ram in Sterling Heights, MI is second to none when it comes to ruggedness and reliability. Outfitted for life on the job, the Ram 1500 features enough power and towing capability to haul your way around any work site you're at. The Ram 1500 is also built for comfort, and it's roomy interior makes an ideal partner for morning commutes and weekend getaways alike. Learn more about the Ram 1500 pickup and schedule a test drive today at Sterling Heights Dodge Chrysler Jeep Ram.
Choose the Right Ram 1500 Lease for You
Sterling Heights Dodge Chrysler Jeep Ram in Sterling Heights, MI is here to help you finance your Ram 1500 lease, too. Be it through a conversation with our skilled finance team, or through a peek at the numbers behind our lease options, our goal is to get you into your dream car at a dream price. Visit our Sterling Heights, MI dealership today to get the conversation started.
Apply for Financing
Hours
| Dealership Hours | |
|---|---|
| Monday | 8:30am - 9:00pm |
| Tuesday | 8:30am - 6:00pm |
| Wednesday | 8:30am - 6:00pm |
| Thursday | 8:30am - 9:00pm |
| Friday | 8:30am - 6:00pm |
| Saturday | 10:00am - 3:00pm |
| Sunday | Closed |
When it comes to getting a new Ram 1500 truck, one of the first decisions Michigan drivers need to make is whether to get one of our auto leases or buy that truck with a loan. Both options have their depending on your financial situation, your driving habits, and your goals.
At Sterling Heights Dodge Chrysler Jeep Ram in Sterling Heights, MI, a specialist in our finance center can help you understand the pros and cons of both options, so you can make the right choice for your next Ram 1500 full-size pickup. Just follow the directions to our dealership and we can tell you more about your financing options in person. Meanwhile, here are some FAQs to shed some light on the choices.
What are the benefits of leasing a Ram 1500 pickup?
When you lease a Ram 1500 from our new inventory, you'll have access to the latest models and you'll have a lower monthly cost as well as a lower down payment. For a Troy, MI customer who likes getting the latest design and features every few years, a Ram lease is a way to do that. Leasing typically has lower upfront costs, lower monthly payments, and warranty coverage that should cover most or all of your term. You'll get to drive a new Ram 1500 for the length of the lease contract - typically 36 months - and it will be equipped with the latest features and performance enhancements.
Warren, MI drivers who lease find it's easy to upgrade to a brand-new Ram 1500 at the end of the lease term. When your lease is up, you are required to return that Ram 1500, and then you can either lease a new model, buy that Ram truck you've been leasing, or buy a brand-new model. Keep in mind that you will be required to cover the cost of any excess wear-and-tear or excess mileage above the maximum allowed in your lease contract. You won't have to worry about selling that Ram 1500 because you won't own it. A lease is just like renting, so a Macomb, MI lessee isn't building any cash value in that truck.
How is a lease payment calculated?
A lease payment is based on the depreciation of the truck over the course of the lease contract, plus finance charges, and sales tax. Depreciation is calculated based on the estimated residual value of a Ram 1500 at the end of the lease, as well as the manufacturer's suggested retail price (MSRP), and the difference between the negotiated selling price and the residual value.
Keep in mind that you'll be required to bring your leased Ram 1500 to our service center to get factory-recommended maintenance.With a lease, you're basically paying for the amount that truck depreciates over the life of the lease contract, and that gets broken down into monthly payments.
What are the benefits of buying a Ram 1500 with a loan?
Buying a Ram 1500 with a loan gives a Shelby Township, MI buyer the chance to own that truck, and the ability to build cash value, or equity, in that vehicle. That cash value can grow to thousands of dollars' worth of equity, and you can use that money to pay for your next Ram 1500. If you want to drive your truck for a number of years or put as many miles on it as you want, buying with a loan makes a lot of sense. You won't have to worry about restrictions on mileage restrictions, charges for excess wear-and-tear, or other end-of-lease costs.
After your loan is paid off, you'll own that truck, and you'll have no more monthly payments. Buying with a loan also means you have the freedom to customize your Ram 1500 pickup in any way you'd like. From appealing accessories to attractive wheels, special lift kits and performance upgrades, buying a Ram 1500 with a loan gives you the flexibility to make that truck your own. Those are all benefits that aren't available with a lease. Feel free to contact us to find out more about getting a loan vs. getting a lease.