What is Leasing?
Unless you plan to pay for a new vehicle up front, you have two options to pay for it: financing or leasing. With financing, you borrow money from a bank or credit union and pay the loan back monthly over a period of time agreed upon by both the borrower and the financial institution. However, with leasing, you are borrowing the vehicle from the dealership, instead of money from a financial institution and paying for it on a monthly basis. Jeep's leasing agency, Chrysler Capital, offers lease terms between 24 and 48 months, with mileage limits of 10,000, 12,000, or 15,000 miles, giving you the flexibility to customize your lease agreement based on your needs. Additionally, if you anticipate your mileage limit won't be enough, you can purchase additional up-front miles at a discounted rate.
What Are the Benefits of Leasing a New Jeep?
Customers leasing a new Jeep enjoy many benefits. First and foremost, leasing is oftentimes cheaper than financing, as you are paying for the value of your vehicle rather than its total cost. Additionally, a lease agreement rarely requires a down payment. However, if one is made, it is often lower than the base payment for an auto loan. Additionally, all leased Jeeps come with Guaranteed Asset Protection, more commonly known as GAP insurance, the cost of which is wrapped up with the monthly payment. Lastly, it is easy to assume that leasing a vehicle means that you can't customize it. However, Mopar and Jeep Performance parts have many parts and accessories approved by Chrysler Capital to customize your Jeep.
What Options Do I Have at the End of a Lease?
As your Jeep's lease agreement approaches its end, you have three options. The first option is the most common. You can exchange your current lease for a new one, either the latest version of the same make and model or a different vehicle entirely. If you do this, Chrysler Capital makes it easy to make the transition by helping you schedule and prepare for a pre-inspection and waiving the disposition fee. Additionally, Chrysler Capital offers a selection of incentives for repeat Jeep lessees. Be sure to ask the sales team here at Northland CDJR what those are! If you decide that leasing a vehicle isn't right for you, your next end-of-lease option is to return it and finance a new vehicle instead. Lastly, if you decide that you can't live without your current lease at the end of your lease agreement, you can buy out the rest of the vehicle's value by paying off the remaining balance by getting an auto loan or in one payment.
Lease a New Jeep in Atlanta, GA!
If you're looking to lease a new Jeep in the Atlanta area, then Akins Chrysler Dodge Jeep Ram is where you need to be. Here, we have a vast selection of new Jeeps for you to choose from, a friendly sales team to help you find the right one and a resourceful financing team to make the numbers work. Browse our inventory right here on our website to pick the new Jeep that meets your needs. Then, visit us in-store to take it for a test drive and work with our financing team to get the lease agreement that works for you. We hope to see you soon!