Chrysler Dodge Jeep Ram Lease Return New York
Chrysler Dodge Jeep Ram Lease Return Center New York
Learn More from Bedford CDJR!
Leasing presents an enticing alternative to financing a new Chrysler, Dodge, Jeep, or Ram, offering a range of benefits such as flexibility, service perks, and the ability to upgrade to a new vehicle more often. When your lease agreement nears its end, you have several options to consider for your next course of action. The most popular choice among lessees is to exchange their current lease for a new one. Alternatively, if you find yourself unwilling to part with your leased vehicle, you have the option to purchase it outright. At Bedford Chrysler Dodge Jeep Ram, our utmost priority is to ensure a smooth leasing experience from start to finish. To learn more about leasing and explore your options once your lease comes to a close, please continue reading below.
What is Leasing?
In contrast to financing, where you borrow money from a financial institution to cover the expenses of a new vehicle and gradually repay it, leasing involves borrowing the vehicle from the dealership and making monthly payments for its use. When it comes to Chrysler, Dodge Jeep, and Ram leases, Chrysler Capital acts as the leasing agency and provides flexible lease terms ranging from 24 to 48 months, along with mileage allowances of 10,000, 12,000, or 15,000 miles per year. This flexibility allows you to customize your lease agreement to meet your specific driving needs. Leasing a new Chrysler, Dodge, Jeep, or Ram vehicle automatically includes Guaranteed Asset Protection (commonly known as gap insurance), which protects you in case of unexpected events. The cost of this insurance is conveniently included in your monthly payment. Leasing often results in lower monthly payments compared to financing, as you are essentially paying for the vehicle's depreciation rather than its entire cost. Additionally, leasing typically requires a minimal or no down payment, and if one is necessary, it is often substantially lower than the down payment required for financing. This makes leasing especially advantageous for individuals with shorter commutes and those who enjoy driving a new vehicle every few years.
How to Plan for the End of a Lease
To guarantee a smooth and stress-free lease-end process, meticulous planning is crucial. As the lease-end date approaches, approximately three months in advance, it is vital to start contemplating your next course of action. This involves deciding whether to buy out the lease, enter into a new lease agreement, or purchase a brand-new vehicle. With two months remaining on your lease, it is advisable to begin the necessary preparations for the return. A proactive step is to schedule a prereturn inspection for your leased vehicle to ensure it meets the required standards for lease-end quality. Our team is available to assist you in arranging this inspection. To aid you in preparing for the assessment and anticipating any potential damages, Chrysler Capital provides helpful resources such as the Wear Table and the Wear Tool. As you approach the one-month mark before the return date, it is time to start considering your next vehicle. Whether you desire to upgrade to a newer model of your current lease or opt for something completely different, the decision is entirely yours to make.
What Options Do I Have at the End of a Lease?
When you reach the end of your lease, you'll have three options to consider. The first and most popular choice is to return your current lease and either upgrade to a newer model or explore a completely different model. To ensure a smooth transition, Chrysler Capital offers assistance in arranging a pre-inspection and even waives the disposition fee. Moreover, they provide appealing incentives for repeat lessees, which you can learn more about from our dedicated sales team here at Bedford CDJR. The second option involves returning your lease and deciding to purchase a new vehicle instead. Instead of entering into another lease agreement, you can choose to finance the acquisition of a new vehicle. The third option is to buy out your lease, either by paying off the remaining balance of the vehicle's value or securing financing for the purchase. This option is ideal for drivers who have developed a strong attachment to their current lease and are hesitant to part ways.
Get a New Lease at Bedford CDJR
As your lease agreement approaches its conclusion, you will inevitably be faced with numerous decisions. At Bedford Chrysler Dodge Jeep Ram, we prioritize ensuring a smooth and stress-free lease-end experience for you. To assist you in preparing for the end of your lease, we encourage you to reach out to our dedicated sales team or visit our physical location. Whether you are in search of a new Jeep for your leasing needs, we take pride in offering an extensive selection of Chrysler, Dodge, Jeep, and Ram models in our new inventory, all available for exploration on our website. You can conveniently browse and shop online or choose to visit our store to find the perfect Jeep that meets your requirements.
* MSRP is the Manufacturer's Suggested Retail Price (MSRP) of the vehicle. It does not include any taxes, fees or other charges. Pricing and availability may vary based on a variety of factors, including options, dealer, specials, fees, and financing qualifications. Consult your dealer for actual price and complete details. Vehicles shown may have optional equipment at additional cost.
* The estimated selling price that appears after calculating dealer offers is for informational purposes, only. You may not qualify for the offers, incentives, discounts, or financing. Offers, incentives, discounts, or financing are subject to expiration and other restrictions. See dealer for qualifications and complete details.
* Images, prices, and options shown, including vehicle color, trim, options, pricing and other specifications are subject to availability, incentive offerings, current pricing and credit worthiness.
* In transit means that vehicles have been built, but have not yet arrived at your dealer. Images shown may not necessarily represent identical vehicles in transit to your dealership. See your dealer for actual price, payments and complete details.
Max payload/towing estimate ratings shown. Additional options, equipment, passengers, and cargo weight may affect payload/towing weights. See dealer for details.