Is It Better to Lease or Buy a Jeep?

When you decide it's time to get a Jeep® SUV or pickup, you'll have a big choice on your hands. Should you buy a vehicle, or go with a Jeep lease instead? Here our Jeep dealership goes over the pros and cons of each route, so you can make an informed decision.

Why Choose a Jeep® Lease?

If you can't find a new Jeep vehicle that you can envision having for the foreseeable future, leasing is the better choice for you. Because there's no long-term commitment, you can just return it to the dealership when the lease expires.

A Jeep lease also offers a lot of flexibility in your vehicle choice. Maybe you just want to upgrade to the latest model year of your current vehicle, or are looking to try out a new model to see how you like it - leasing is a great option in either of these cases. And if you can't bear to part with your leased vehicle, you always have the option to buy it at the lease's end.

The primary downside to a Jeep lease is that since you don't own the vehicle, you can't just do anything you'd like with it. For example, you won't be able to add any accessories or make other customizations. Also, you will need to adhere to a yearly mileage limit as outlined in your lease terms, and if you exceed this, you will be charged a fee.

Why Buy a Jeep Vehicle?

If there's a Jeep model that you absolutely love - like the Jeep Grand Cherokee, for example- and you want to drive it for years and years, buying is the best option for you.

Because the car is yours, you immediately get to build equity. Plus, anything you want to do it, you can. You can drive it as much as you like, as there are no mileage limits. Ownership also entitles you to sell your vehicle whenever you want.

Perhaps the only negative with buying is that it is the pricier option compared to leasing. With a lease, you're only paying for what a car is worth for the duration of the lease, not its complete value.

Make the Right Financing Choice at Our Jeep Dealership

Still not sure which way to go with your Jeep vehicle? Contact the Jeep financing team at I.G. Burton Chrysler Dodge Jeep RAM of Milford and we can answer any questions you have and help you make the right decision.