New Jeep Wrangler Lease Deals

What Are the Benefits of Leasing a Vehicle?

There are several critical advantages to leasing a vehicle. Leasing provides a shorter-term financing arrangement where you drive the car for several years and then have the option to either renew the lease or trade-in your current Wrangler for a newer model.

When you lease a car, you are essentially renting the vehicle for a set period, which ranges from about 36 to 48 months. One significant advantage of leasing a car is you only pay for the use of the vehicle, which is called the depreciation, rather than paying for the full price of a new car. Leasing can also provide you with tax benefits, primarily if you use the vehicle for business purposes. There is no down payment required when you lease a vehicle, which can expedite the process of getting the keys and driving your new Wrangler home. You can also look forward to lower monthly payments and the chance to upgrade your Wrangler every few years.

The leasing option also holds tremendous universal appeal to drivers, as it does not have specific requirements for income and other financial metrics. Before you lease a car, you should contact a financial advisor to help you plan for monthly payments and get a good deal based on your financial situation.

Leases are available in one of two options. One is a closed-end deal, and the other is an open-end deal. Closed-end leases give you the option of temporarily leasing your current vehicle and then turning it in at the end with the option to lease a new Jeep or switch models altogether. With an open-end or equity lease, you'll be on track to purchase the car at the end of the lease term. The amount that you pay for the vehicle at the end is determined up-front. This option is ideal for those who drive frequently or know they love their Wrangler.