What To Know About Jeep Leasing Options
Available Jeeps Leasing Options
You're ready to get your next vehicle, and you are considering a Jeep fromTempe Chrysler Dodge Jeep RAM. However, have you thought about whether you want to buy or lease? Leasing can be a fun way to drive the latest models without the commitment of owning them.
Leasing offers drivers lower monthly payments, as well as not having the responsibility of maintenance costs that come with owning a vehicle.
Discover the incredible affordability when you lease a vehicle from our dealership in Tempe, AZ.
Advantages of Leasing a Jeep
Leasing a car involves several advantages, including:
- You Can Buy the Vehicle When the Lease Ends – You can purchase your leased vehicle at a set price if you wish to keep the vehicle when your lease term is complete. If the purchase price is higher than the vehicle's worth, you have the choice to decline.
- Drive a New Vehicle Every Few Years – Leasing a vehicle provides the flexibility to enjoy the latest technology and safety features without the long-term commitment of ownership. You can easily select your next vehicle every 24 to 48 months -- typical lease term range.
- Lower Repair Costs – Since lease terms are short, most repairs will be covered by the manufacturer's extensive warranty. Before completing your lease and examining the warranty and maintenance contracts, it's important to fully grasp the repair and maintenance coverage to avoid unexpected vehicle servicing expenses.
- Lower Monthly Payments – Consider leasing a car for the reduced monthly payments compared to purchasing. When you finance a purchase, you pay the full price plus interest over time. When you choose to lease, your monthly payments are based on the vehicle's depreciation, resulting in much lower monthly costs. These savings can allow you to upgrade to a more desirable model or enjoy more budget-friendly monthly payments.
- Lower Down Payment Necessary – When you lease, you'll typically only need to pay for the first month, taxes, title, and registration fees, and a potential acquisition fee or other charges upon signing the lease, a much lower initial cost than buying a car.
- More Vehicle Options Available – Leasing a car offers the opportunity to enjoy premium models and features while keeping monthly costs down. This flexibility empowers you to choose a vehicle that aligns with your driving needs.
- No Resale Stress – Keep in mind that there could be extra charges after your lease, like additional wear and tear or exceeding the mileage limit.
Consider these Points when Leasing
Considering leasing a vehicle? Here are six crucial points to keep in mind:
- Mileage Cap: Select a mileage cap that matches your driving habits.
- Sales tax: Depending on the state, you may be required to pay sales tax when leasing a vehicle and then another tax if you decide to buy the car at the end of the lease.
- Penalties: If you decide to end the lease early, consider potential penalties such as remaining payments, early termination fees, and other costs.
- Lease terms: Review the lease agreement to ensure it aligns with your financial situation, driving habits, and plans.
- Fees: Factor in early termination, acquisition, and disposition fees.
- Down payment: Keep in mind that putting money down may not result in long-term savings and won't reduce the cost of purchasing the vehicle at the end of the lease.
Lease a Jeep at Tempe Chrysler Dodge Jeep RAM
Make sure to take advantage of incredible Jeep lease and financing offers on top models. Visit our dealership or check online to discover the most attractive Jeep deals. If you're considering leasing aJeep, stop by our Tempe, AZ, dealership and speak to one of our representatives.