If you're reading this, chances are, you've had your eye on a Jeep for a while. If you've done your research, you know that Jeep Wranglers seem to hold their value more than any other American vehicle. If you have the means for it, we always recommend purchasing a Wrangler as the depreciation on it is significantly less steep than other vehicles. If you're looking to lease, you're in luck. Leasing a new 2020 Jeep Wrangler is actually more affordable than the previous 2019 model. Additionally, these vehicles retain an average value of 71% when the leasing term ends, putting you in a pretty great spot to buy it out or move onto a newer model. If you want to spend a few years driving the newest model, there's no better time than the present to come into Decozen Chrysler Jeep Dodge in Verona, NJ to check out our leasing options.
What If I Want a Grand Cherokee?
There are more Jeep models than the Wrangler and Wrangler Unlimited. The Grand Cherokee is a wildly popular SUV due to its power, luxurious amenities, and comfortable ride. The question then becomes, do I buy or lease? When you lease a vehicle, you get all the packages you want without having to shell out extra cash for them if you were purchasing. Additionally, any issues under warranty are taken care of by the dealer under your agreement, letting you drive with a mind at ease. If you're looking to purchase your vehicle at the end of your leasing period, you may actually save money by leasing it first. Your monthly payment will be lower over a three-year term, you'll save on maintenance and emergency repair costs, and you won't lose anything on trade-in values or remaining equity. However, in a longer leasing period, such as a six-year plan, you may be paying far too much for your Grand Cherokee, stuck paying a premium rate. This difference in cost gets even worse if you plan on signing a nine-year lease, where you would have been better off purchasing an older vehicle or leasing different vehicles for shorter terms.
Investment Over Time
In some instances, it's more affordable in the long run to buy a jeep. It's important to conduct your research on specific years and models and their estimated resale value. Additionally, look out for vehicles with parts notorious for breaking down or requiring expensive repairs. If you know a vehicle has a high chance of needing a transmission rebuild at 60,000 miles, you may be in better shape to lease that car, knowing your repair is covered in your terms.
If you have to have the latest and greatest vehicle, a lease will help you achieve that glamour, but it may impact your wallet if you sign up for a lengthy term. Leasing is perfect for divers who enjoy driving a newer car with a lower monthly payment.
Stop By Decozen Today
It can be confusing with all the numbers and fees on paper while simply trying to get in a vehicle. The friendly professionals at Decozen Chrysler Jeep Dodge are happy to help you without putting you under any pressure to sign. We've set out to dispel the confusion of leasing a vehicle in a world of predatory dealerships who intentionally complicate the process. We're happy when you're happy with your agreements and have a shiny new Jeep to drive off the lot. Call us today or stop by and chat with us about your options. You may be surprised how affordable it is to lease a new 2020 Jeep Wrangler, Grand Cherokee, or another fantastic model!
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