If you’ve never bought or leased a vehicle before, you may think that leasing is just like buying an automobile. While many young and seasoned drivers think that’s the case, leasing a car is different from buying one. The biggest difference between these transactions is that you have to return a leased car at the end of your contract, while you get to keep a vehicle you buy for however long you want to.
Leasing a vehicle like a 2018 Jeep® Wrangler or a 2018 Dodge Challenger is similar to renting one. You only get to drive the vehicle for a set period of time before you have to give it back to the dealership.
Because you don’t own a leased automobile, you have to abide by certain restrictions to ensure you return the car in a saleable condition. You can only drive a certain number of miles per year, for example. You also have to protect a leased vehicle from excessive wear and tear. If you drive too much or your car suffers too much wear or damage, you will pay a penalty at the end of your lease.
With many agreements lasting just one to three years or 36 months, leasing is a smart option if you always want to have a car with the latest features.
As Jeep dealers serving Orlando, FL and nearby areas, we can tell you that leasing is a wise move if you’re on a tight budget. That’s because lessees often have to put less money down and they generally have lower monthly payments compared to people who purchase a vehicle.
To learn more about leasing, contact Fields Chrysler Jeep Dodge RAM today.