Jeep Lease Deals Cleveland OH

Unless you're one of the rare customers who plans to pay for a vehicle in full all at once, you'll be asked to choose between financing and leasing. With financing, you borrow money to cover the total cost of the vehicle and pay it back monthly. Meanwhile, when you lease, you are borrowing the vehicle and making monthly payments only for its depreciation instead of its total cost. Beyond what you're paying for, there are a few key differences between leasing and financing. First, lease terms are typically much shorter than financing terms. While financing lasts for anywhere from 48-84 months, a lease term is usually 24-48 months. Another difference is the upfront and monthly costs. With financing, a larger down payment lowers your monthly payment, as you're paying for the vehicle's total cost. However, with leasing, since you're only paying for the vehicle's value, the down payment is much lower, if any at all, and the monthly payments are lower as well. However, just like financing, the monthly payment depends on the length of the lease term. Below, we'll give you more insight into the benefits of leasing instead of financing.

Jeep's financing company, Chrysler Capital, offers an array of unique leasing options to create flexibility and ease of use for all customers. First, Chrysler Capital offers almost complete flexibility when choosing the length of your lease. Say you're looking to lease a new Grand Cherokee, and three years feels too long for you, but you want to enjoy it for more than two years. Chrysler Capital allows the Junction Chrysler Dodge Jeep Ram financing team to customize the lease term to suit your preference. It's important to note that lease agreements come with mileage limits. However, Chrysler Capital offers flexibility here, too! Depending on your driving habits, you can choose between 10,000, 12,000, and 15,000 miles per year. If you expect to go over your selected mileage limit, you can purchase additional miles upfront at a discounted rate compared to the additional cost per mile after you exceed your limit. Further, guaranteed asset protection is automatically rolled into the monthly payment, protecting the vehicle's value in the event of a total loss. Finally, Jeep wants all customers to have the opportunity to customize their vehicle, even if it is leased. That's why they have a list of approved genuine Mopar parts. So whether you're looking to enhance the Wrangler's off-road capability or make it easier to transport a bicycle or watercraft with a Grand Cherokee, you can customize your leased Jeep with a list of approved parts that a sales expert here at Junction Chrysler Dodge Jeep Ram can show you. 

As you approach the end of your lease term, there are a number of things to think about. First and foremost, you must decide your next step. Chrysler Capital offers three primary options. First and most commonly, you can choose to trade in your leased Jeep for another vehicle, whether it be the newest version of the same model or a different one completely. However, if you need more time with this vehicle to decide your next move, you can extend the lease term by six months. Finally, if you decide you simply cannot live without that vehicle, you can choose to purchase the remaining value of the vehicle either with financing or in one lump sum. If you choose to return the lease, Chrysler Capital makes it easy by waiving the disposition fee and helping you schedule a pre-return inspection. 

If you're looking to cruise the Cleveland streets in a new Jeep, leasing from us here at Junction Chrysler Dodge Jeep Ram is an excellent choice. Start by browsing our new inventory while you're here on our website to choose from over 100 new Jeeps, including the Grand Cherokee, Wrangler, Gladiator, Wagoneer, and more! If you have further questions regarding leasing or if you're looking to schedule a test drive, please refer to the contact form below this page to reach our knowledgeable sales team. We look forward to hearing from you soon!