There are several factors to consider when buying a new car or SUV, such as financing options and fuel prices, among other things.
In this article, we’ll share some common pitfalls you can avoid when looking for a lease on your Jeep, whether it’s for a small SUV or larger one.
If you’re looking to get a lease for your next Jeep, here are some common mistakes you should avoid when buying your lease.
First, look at the lease price.
That’s your best bet if you’re considering buying a large SUV, since most of the big lease deals are $7,500 or more.
If you want to save money and still pay a reasonable lease price, you can look at a $4,000-plus lease for the same size SUV, or you can save money by looking at a lower price.
But if you can’t afford that, you might want to consider a smaller vehicle like the Wrangler, Jetta, or other SUV, especially if you have a younger child.
Second, look for a price tag.
If your lease doesn’t say you’re getting a lease payment, you’ll probably be better off shopping around.
For example, a $10,000 lease is more than plenty for a family of four in most parts of the country, and you’ll save a lot more money if you shop around.
Third, look closely at the options available.
Are there good deals?
Can you buy something cheaper?
Is there a warranty?
If the lease you’re thinking of buying is for a smaller SUV or smaller SUV, look elsewhere.
If the option is to lease the vehicle outright, it might be worth considering that you can have your lease extended by a year or two.
If a company offers a leasing option with a guaranteed income, like an $80,000 payment, it could be worth it.
Fourth, look carefully at the mileage and the vehicle’s driving history.
Most leases come with a few stipulations.
The mileage requirement is a good guideline.
If it’s a full year or less, you should probably avoid a lease with that number.
If there’s an automatic transmission, it’s not necessary.
And the mileage will vary depending on the car you’re leasing it for.
Fifth, make sure you read the lease agreement.
You should also review the terms and conditions of any vehicle you’re buying.
Many companies offer free or reduced monthly payments if you sign up for a one-year lease, and it’s nice to see that on your lease as well.
Sixth, don’t be afraid to ask questions.
The best way to make sure your lease is right for you is to call a lease agent.
You can ask questions like what you’d like to pay for your vehicle, whether there’s a deposit on your vehicle and how long you can keep it, and so on.
When you call a leasing agent, you may also ask for specific information like how long the lease will last and what you can expect to pay, such like your gas payment.
Some leasing companies also provide online lease applications, so you can submit the necessary documents online.