Jeep® Lease Terms You Should Familiarize Yourself With

If you’re in the market for a new car but aren’t sure if you can afford to pay the full price with your budget, you could save money with a Jeep® lease. At Gandrud Chrysler Dodge Jeep RAM, we’re pleased to offer area drivers a vast selection of new and quality used cars and auto financing options that will help you find the perfect vehicle for your budget. Let’s look at the Jeep lease terms you should familiarize yourself with to help you decide if leasing is right for you.

Mileage

A mileage allowance essentially states the maximum number of miles you can reach during the terms of the agreement. This number will vary on each lease and could be a key factor, depending on how much you plan to drive your new car. You may have to pay an additional fee if you exceed this number.

Capitalized Cost

The capitalized cost is the final amount that determines the lease payments. Certain factors, such as a down payment, can lower this number before finalizing the lease. Dealerships have different policies when it comes to leasing, so make sure you’re aware of any specials or requirements before you decide on a car.

Monthly Payment

One of the benefits of leasing a car is paying monthly instead of full price. Depending on your budget, this could be ideal for drivers who want to test several models without committing to one. In addition, since you’ll only be paying for the time you drive the vehicle, the monthly amount will likely be lower than the payments you contribute for a new car.   

Term

Most lease periods last for a short period, such as two to three years. Knowing the length of the lease will give you adequate time to search and prepare for your next vehicle. In addition, since lease periods are typically shorter, your vehicle will most likely be under warranty for the entire lease. This warranty could save you money on routine maintenance and repairs as these become frequent as a car gets older.  

Visit Gandrud Chrysler Dodge Jeep® RAM

If you’d like to learn more about leasing, we hope you’ll choose our Green Bay, WI Dealership for more information about our auto financing options. Visit Gandrud Chrysler Dodge Jeep RAM for all your financing and leasing needs!