One of the biggest decisions that you’ll face when you decide to drive off in a new car at Gandrud Chrysler Dodge Jeep® RAM is whether to buy or lease. Like many of the difficult decisions in life, there is no correct answer to this dilemma, and the right decision for you will depend on a number of different factors.
That said, our dealers are happy to explain the advantages of each decision. Here are the top three reasons to choose a Jeep® lease.
Nobody knows what the future will bring. Most people are worried about things like job security and their finances, which makes the commitment of a car purchase intimidating. People choose to lease because most lease agreements involve two- or three-year commitments. Adding to the flexibility of a lease is the fact that most leases can easily be transferred to another person.
Lower Monthly Payments
While monthly payments can vary from person to person and largely depend on your loan terms, by and large, leasing tends to involve lower monthly payments than buying outright. Interest rates are currently low, which means leasing is within the budget of many Green Bay drivers. Also, leasing requires less money upfront than buying.
Protects Against Depreciation
Leasing is partly based upon the predicted value of the car at the end of the contract. However, nobody really knows what the car will be worth in two or three years. This means that if the value of your leased Jeep Grand Cherokee or other model unexpectedly drops, it is the lender’s problem, not yours.
Here at Gandrud Chrysler Dodge Jeep RAM, our finance experts are happy to answer any questions that you may have about leasing.