Jeep Lease

Picture this: you, cruising down the road in a brand-new Jeep. You have the roof off and the wind in your hair. And best of all, you didn’t have to pay the costs of owning this Jeep! 

Your future could look like this if you decide to try out a Jeep lease. All the prestige of owning a Jeep without the hassle of actually owning it! Ewald Auto CJDR is a Jeep dealership near you with a fantastic selection of Jeeps and the lease deals to go with them. If you’re still not convinced, check out some of the benefits of Jeep leases. 

Is a Jeep lease worth it?

Well, that depends. Do you love Jeeps but not their price tag? Then yes, it is definitely worth it! Check out these reasons:

• Looking at the price tag on a Jeep can hurt. Even with financing, the monthly payments might be too much. If you lease, you will have lower monthly payments. The original down payment will likely be smaller as well.

• When you lease, you will always have the latest tech and the fanciest features. In fact, you could try a few different Jeep leases and figure out which features you like most. Whatever the case, you’re sure to impress your friends!

• When you lease, your car will be under factory warranty the whole time. Jeep factory warranties last 3 years or 36,000 miles. So if your lease is shorter than that, you’re always covered!
  
  

Is it cheaper to buy or lease a Jeep?

It is definitely cheaper to lease a Jeep than to buy. This is true with any vehicle. There wouldn’t be too much reason to lease if it was more expensive! Exact pricing depends on the Jeep lease agreement, but both down payments and monthly payments are typically lower in a lease than in a car loan. 

If you take advantage of any Milwaukee lease deals, it can be even lower! Ewald CJDR always has some sort of deals going on. Check out our website to see if any can benefit you.

Is it worth leasing a Wrangler?

We can’t give any other answer than: yes! There are some restrictions, like mileage and modifications. But the pros far outweigh the cons.

• The Wrangler is iconic, it can’t be denied. But its prestige brings with it a high price tag. You’ll knock a lot off that price if you lease a Jeep Wrangler instead.

• Do you love Wranglers but need a more practical car for the long term? Lease it! You get to enjoy a few years with a new, fancy Wrangler. Then, when you’re ready, you can settle down and find your forever car. 

• It is often a hassle to sell a car. With a lease, you won’t have to worry about it at all. At the end of the Jeep lease, all you have to do is turn in your keys!
  
  

What do I need to know about leasing a Jeep?

Leasing a Jeep isn’t too different from leasing any other vehicle. If you’ve leased before, you already know the process. But if you haven’t, here are some tips.

• Know the lingo! Leases have different lingo from car loans. Some words to know are:

• Residual value: This is how much the Jeep is worth at the end of the lease.

• Money factor or money rate: This functions as the interest you would pay on a car loan. Since the lessor is loaning you the car, they charge interest.

• Acquisition fee: This is charged to you for administrative costs taken on by the dealer.

• Capitalized cost: This one is important. It’s the amount you and the dealer agree that the Jeep is worth. That’s the amount you’ll pay throughout your Jeep lease.

• Residual value: This has to do with capitalized cost. It is the value of the Jeep at the end of the lease. In your monthly payments, you pay the difference between the original value and residual value.

• Be aware that dealers make a hard pull on your credit at the beginning. This will make your score dip briefly, but not for long.

• When you choose a Jeep lease, there are restrictions on what you can do. You can’t go over the agreed-upon mileage without paying an extra fee. And you can’t do any permanent modifications. You can mod your Jeep as long as it is reversible, but it must be returned to the dealer in stock form.
  
  

Can you buy the Jeep after a lease ends?

Absolutely! That’s one of the cool things about leases. If you’ve absolutely fallen in love with your car, you can buy it when the Jeep lease ends. And if you’ve already decided to buy it, you can do whatever you want with mods.

So how do you feel about Jeep leases now? Hopefully more confident about what a lease is and maybe even ready to come check some Jeeps out. If you are, head on into your closest Jeep dealer in Milwaukee and see what Ewald CJDR has to offer you!