New Ram Commercial Lease Deals & Finance

What Are the Differences Between Leasing and Financing a Ram Commercial Vehicle?

Buying a new Ram Commercial Vehicle can be expensive, so we will help you decide on a method that will be affordable for you. There are two methods of buying a car that you can use, you can either lease a Ram Commercial Vehicle or can finance a Ram through a loan. Both methods have advantages and disadvantages, and we unpack them here for you to use when you decide to buy a new Ram Commercial Vehicle.

What Does it Mean To Lease a Ram Commercial Vehicle in Eastland, TX?

Leasing a vehicle is similar to renting a car, but for a longer period of time, usually between 24 and 36 months. Although it can be for any number of months. Instead of paying off the car, you only pay for the amount of depreciation that is expected to occur during a set period of time. You normally, but not always, are expected to put down a deposit on a leased car.

Leasing a Ram Commercial Vehicle can be complex when trying to understand the financing options available. Unique terms such as capitalized cost and residual value can often confuse many shoppers when choosing to lease or buy a vehicle.

What is Capitalized Cost When Leasing a Ram Commercial Vehicle?

This is the ultimate price of the car. This price is usually fixed, but you can still negotiate it downward with many dealerships. A lower cap cost means you will be paying lower monthly installments on your Ram Commercial Vehicle. You can also get cap cost reductions which are special lease deals from automakers.

What is Residual Value When Leasing a Ram Commercial Vehicle?

The residual value is the estimated value of a car at the end of its lease term or useful life. The residual value (also called salvage value) is the predicted value of what a car is worth at the end of the lease agreement. The lessor uses the residual value to understand the number of monthly payments the lessee will make during the life of the lease period. It is generally accepted that longer lease terms have lower residual values.

Benefits of Leasing a Ram Commercial Vehicle in Eastland, Texas?

• Your monthly lease payments and overall monthly cost may be lower than a traditional financing loan
• You don't have to go through the hassle of selling the vehicle once your lease is up
• The contract terms for leasing are typically shorter than a car loan
• You have the ability to turn the vehicle in at lease end and get a new vehicle

Lease a Ram Commercial Vehicle Today at Blake Fulenwider Dodge in Eastland, TX

Cons of Leasing a Vehicle

• You don’t own the vehicle
• There are annual mileage limitations
• There may be a penalty if you terminate the lease contract early
• A lease agreement is a binding contract
• A lease agreement, once signed, becomes a legally binding agreement between you and the car leasing company. In return for the use of the car for a specific period, you agree to make a monthly payment. If you break that contract by failing to make a payment, you are expected to return the car.

What is Traditional Vehicle Financing For a Ram Commercial Vehicle?

Traditional vehicle financing gets you behind the wheel of a new or used vehicle and requires you to make payments to eventually own the vehicle. When the car is fully paid off, you will own it and be able to retain the vehicle’s remaining equity towards the purchase of a new vehicle. What happens if you finish paying off the vehicle and still love it? You can choose to continue owning the vehicle to take advantage of lower ownership costs by not having to pay monthly lease or finance payments

Benefits of Financing a Ram Commercial Vehicle in Eastland, Texas

• Once the Ram Commercial Vehicle is been paid off you own it
• Unlike a lease, you don’t have to return the car
• You can drive as much as you want; no mileage restrictions
• Once your Ram is paid off you can use it as an upfront payment
• You can sell your car privately
• You can customize the vehicle with no restrictions at lease turn-in
• You won’t have to make payments when the loan is paid off
• Financing is easier than leasing
• Refinancing a vehicle loan can save you money
• You decide if you want to fix the vehicle or not

Cons of a Vehicle Loan

• As with any loan, there will be an interest rate where you will have to pay interest
• After paying off the car, there could be increased maintenance costs due to the age of the car

Finance a Ram Commercial Vehicle at Blake Fulenwider Dodge in Eastland, TX

You Own the Car

By purchasing a car through financing, you will own it as soon as it is paid off. While you’re still paying for the car the bank owns the car title until you pay it off, but there are typically no restrictions on what you can or can not do with your car. Plus, your ownership grows slowly at first, but increases as the interest declines. The best way to maintain positive equity is to make a sizable down payment and get the shortest loan term you can afford.

There’s no mileage cap

One of the biggest benefits of financing your car is you don’t have to worry about a mileage cap. Beyond the costs of fuel and maintenance, there is no financial penalty for driving long distances.

Visit Blake Fulenwider Dodge to compare Ram lease deals and financing offers. Find out what works best for you and drive away in a new Ram Commercial Vehicle.

Vehicle Lineup and Capabilities

Ram Professional's vehicle lineup is designed to meet a variety of business needs. The Ram ProMaster® stands out with its business-oriented features and multiple cargo options, setting a high standard for commercial vehicles. With three available cargo height options and four different models, the ProMaster® offers versatility and adaptability for various industries.

For businesses that need strong performance, the Ram 1500 and 1500 Classic are excellent options. They offer outstanding capability for tough job sites, a comfortable interior with convenient infotainment features, and advanced safety and security technologies to protect both drivers and passengers.

For businesses requiring robust performance, the Ram 2500 is a compelling choice. It boasts impressive capability suitable for demanding job sites, a comfortable interior equipped with infotainment features for convenience, and advanced safety and security features to ensure driver and passenger safety.

Additionally, the Ram Chassis Cab provides a solid foundation for various upfits, making it ideal for businesses that need specialized configurations. Its durability and adaptability make it a reliable choice for industries ranging from construction to logistics.

Business Support Services

Ram Professional offers a suite of services aimed at supporting business growth and efficiency. The BusinessLink program provides perks and services to preferred commercial customers at dealerships nationwide. Members enjoy benefits such as expedited service, extended service hours, and access to a network of commercial dealers committed to keeping their vehicles on the road.

For fleet management, Ram Professional Connected Services delivers web-based solutions designed to streamline operations. These services offer real-time driving data and comprehensive fleet analytics, enabling businesses to monitor vehicle performance, manage maintenance schedules, and optimize their mobile workforce's efficiency.

As the automotive industry moves towards electrification, Ram introduces the all-new Ram ProMaster® EV. This all-electric van is available for order now, with a cargo van model coming soon. To support businesses in this transition, Free2move Charge offers turnkey commercial charging hardware, software, and services, ensuring fleets remain charged and ready for work.

By leveraging these services, businesses can enhance their operational efficiency, reduce downtime, and stay ahead in a competitive market. Ram Professional's commitment to providing comprehensive support underscores its dedication to the success of its commercial customers.