5 Steps for a Successful Jeep Lease

Leasing is an excellent option for drivers who love the idea of always being in something new, especially when it comes to Jeep's lineup of constantly evolving models. Unlike financing, where you eventually own the vehicle, leasing is more akin to a long-term rental, typically lasting two to three years. During that time, you only pay for the portion of the vehicle's value you use. That usually means a lower monthly payment compared to buying. You also don't have to worry about long-term maintenance or resale value, which can be a huge plus. At i.g. Burton CDJR of Newark, we'll help you figure out whether leasing or buying makes more sense based on how long you plan to keep the vehicle, your driving habits, and your budget. If you're someone who loves always having the latest tech and safety features, leasing a Jeep might be the perfect match for you.

Jeep offers a wide range of vehicles, and choosing the right one can impact your leasing experience. If you're looking for something to tackle off-road adventures, the Wrangler or Gladiator might be a great fit. Need more space for family road trips? The Grand Cherokee or three-row Grand Cherokee L could be ideal. For city driving or fuel efficiency, the Compass or Renegade might be better suited. Keep in mind that different models come with different residual values, which affects your monthly lease payment. Higher-resale-value vehicles often lease for less, even if their sticker price is higher. That's something our team at i.g. Burton CDJR of Newark keeps in mind when helping you compare models and trim levels—we want to find the Jeep that fits your lifestyle and your budget.

It's easy to underestimate how much you actually drive in a year. Many leases come standard with a 10,000- or 12,000-mile annual limit, but if you commute long distances, take regular road trips, or have a busy family schedule, it might be worth bumping up to 15,000 miles per year. Exceeding your limit means you'll pay a per-mile fee—often around 15 to 25 cents per mile—which can add up quickly. But don't worry, we're here to help you make the right call. At i.g. Burton CDJR of Newark, we'll ask you a few questions about your driving habits to help estimate your yearly mileage and build a lease plan that won't leave you with unexpected charges at turn-in.

Lease terms can look a little confusing at first glance, but our finance team is here to make sure everything is crystal clear. The monthly payment on a lease is calculated based on the vehicle's MSRP, its estimated value at the end of the lease (called the residual value), and the money factor, which is kind of like the interest rate on a loan. The better your credit, the better your lease terms will likely be. You'll also want to consider the total due at signing, which might include your first month's payment, a security deposit, acquisition fee, and any taxes or fees. At i.g. Burton CDJR of Newark, we're big on transparency—no hidden costs or confusing jargon. We'll walk you through all of it and help you take advantage of any lease specials, loyalty bonuses, or manufacturer incentives for which you may qualify.

The end of a lease doesn't have to be stressful, especially if you plan for it well in advance. About six months before your lease is up, it's a good idea to start thinking about your next move. Do you love your Jeep and want to buy it? Many leases offer the option to purchase the property at a predetermined price. Want to return it and lease something new? We'll help you schedule a lease-end inspection and go over any wear-and-tear concerns. You can even trade in your current lease early if you're ready for an upgrade. Our team at i.g. Burton CDJR of Newark will guide you through every step of the process—whether that means returning the vehicle, purchasing it, or jumping into your next lease with a fresh set of keys. Either way, you'll be in good hands.

Leasing a Jeep can be an easy, flexible, and affordable way to drive the vehicle you really want, especially when you have a knowledgeable team to guide you through it. At i.g. Burton CDJR of Newark, our finance professionals are here to make sure your lease works for you, not the other way around. Whether you're just starting to explore your options or you're ready to take the next step, we're here to help every mile of the way. Do you have questions or would you like to get started? Just fill out the form below, and a member of our team will be in touch shortly!