Lease-End Buyout Guide: Evaluating How and When You Should Purchase Your Leased Car

If your Jeep® lease will be ending soon, you don't want to wait too long before deciding what to do next. It is good to know that you have several options, including leasing a newer model or going with something different. But, your best move may be to purchase the vehicle, and i.g. Burton Chrysler Dodge Jeep RAM of Milford goes over the reasons why.

You Love Your Vehicle

Have you been leasing your new Jeep model for a while now? If so, chances are good that you have grown pretty attached to it. If this is the case, you may not want to say goodbye. While extending the lease will give you a little more time with your car, buying it is the smarter choice.

The Price is Right

Another sign telling you to purchase your leased Jeep is if the price works for you. Contact the dealership and let them know that you are thinking about buying. They will then tell you what the cost will be to purchase it. It's possible that the monthly payment will be comparable to what you are paying for the lease, in which case you know you can afford it.

You Want to Have Some Equity

Leasing a car gives you a great opportunity to drive a fantastic vehicle for a while. However, because you aren't the owner, you don't own something with a lot of value. Buying is the best way to change that.

Buying Your Leased Car

Once you decide you want to be an owner, it is time to talk to your dealership. Then you can start the Jeep financing process. This involves filling out an application to get pre-approved for your loan. You will need to think about how much money you can supply for a down payment, along with the length of the loan.

Making Smart Lease-End Decisions in Milford, DE

Any questions about your expiring lease? Get in touch with our Jeep dealership in Milford, DE. From us you will clear information that will help you make good decisions that will meet your needs and your budget.

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