
Jeep End of Lease Options PA
Learn More from Reedman-Toll CDJR!
Leasing is an excellent alternative to financing a new Jeep, as it provides service benefits, flexibility, and allows you to get a new car more frequently. At the end of a lease agreement with a Jeep, you have a few options for how to move forward. Most commonly, lessees will trade in their current lease for a new one. However, you can also decide to buy out your current lease to keep it if you decide you can't live without it. Here at Reedman-Toll Chrysler Dodge Jeep Ram of Langhorne, we want to help you have a smooth leasing experience from start to finish. So please continue reading below to learn more about leasing and your options when your lease is up!
What is Leasing?
Whereas financing is borrowing money from a financial institution to cover the cost of a new vehicle and paying it back over time, leasing is borrowing the vehicle from the dealership and paying for it each month. Chrysler Capital, the leasing agency for Jeep, offers lease terms from 24 to 48 months and mileage allowances of 10,000, 12,0000, or 15,000 miles per year. This gives you the flexibility to base your lease agreement on your driving needs. All Jeep models that are leased are automatically enrolled in Guaranteed Asset Protection, more commonly known as gap insurance, the cost of which is rolled right into the monthly payment. In many cases, leasing results in lower monthly payments, as you are paying for the vehicle's value instead of its total cost. Additionally, leasing rarely requires a down payment. If one is made, however, it's oftentimes much lower than the one for financing. Leasing is beneficial for drivers with shorter commutes and ones who enjoy getting a new vehicle every couple of years.
Options at the End of a Lease Agreement
At the end of your lease, you have three options. The first and most common choice is to return your current lease and upgrade to a newer model or choose a different model completely. Chrysler Capital makes this transition smooth and easy by helping you set up a pre-inspection, and they even waive the disposition fee. Chrysler Capital also offers some incentives for repeat lessees, be sure to ask the sales team here at Reedman-Toll CDJR about them! Second, you can return your lease and choose to purchase a new vehicle. Instead of leasing another vehicle, you can choose to buy a new one with financing. Third, you can buy out your lease either by paying the remaining balance of the vehicle's value or financing it. This is for the drivers who decide that they love their current Jeep lease too much to return!
Jeep Lease-End Process
The key to having a smooth and easy lease-end process is to plan ahead. When you're roughly three months away from your lease-end date, you should start considering how you wish to move forward, whether to buy out the lease, lease again, or purchase a new car. When your lease has two months left on it, you should begin to prepare for the return. Having a prereturn inspection performed on your Jeep lease is the best way to avoid the unexpected. You can schedule one of these inspections with us to ensure it meets the lease-end quality standards. Chrysler Capital offers tools such as the Wear Tool and the Wear Table to help you prepare for the inspection and estimate any potential damage. When you're one month away from your return date, you should start to choose your next vehicle. Whether you're looking to upgrade to a newer model of your current lease or switch to something new and different, you get to choose!
Lease a New Jeep in Pennsylvania
As you approach the end of your lease agreement, there are a lot of decisions to be made. Here at Reedman-Toll Chrysler Dodge Jeep Ram of Langhorne, we want to help you have a smooth lease-end experience. Contact our sales team or visit us in-store as you prepare for the end of your lease. If you're in the market for a new Jeep to lease, you can find over 100 of them in our new inventory here on our website. Shop online or in-store to get the perfect Jeep for your needs! We look forward to serving you!