Jeep End of Lease FAQs

Before getting into your lease-end options, we'd like to give you an in-depth understanding of leasing. The main difference between financing and leasing is that when you lease, you're borrowing the vehicle and paying for its value each month for a predetermined time period. Whereas when you finance, you are borrowing money to cover the total cost of the vehicle and paying it back over time. Jeep's leasing agency, Chrysler Capital, gives lessees flexibility with mileage limits of 10,000, 12,000, or 15,000 miles. This allows you to select a mileage limit that best fits your driving habits. Additionally, Chrysler Capital offers lease terms between 24 and 48 months, allowing you to decide the next time you get a new car. When you lease a Jeep, it automatically comes enrolled in Guaranteed Asset Protection, which you probably know as gap insurance. A main benefit of leasing is that the monthly payments are lower compared to those of financing, as you are paying for the value of your vehicle instead of the overall cost. This also results in a lower down payment and often doesn't require one at all. 

There are three options for how to continue at the end of your lease. First and most commonly, you can return your current leased vehicle and seamlessly transition into a new lease of the latest version of the same model or a different vehicle entirely. Chrysler Capital makes this transition seamless, helping you along the way and waiving the disposition fee. Additionally, there are many incentives for repeat Chrysler Capital lessees, so be sure to ask the Dick Scott Motor Mall sales team about those. Your next option is to return your lease and finance a new vehicle. This is often the choice of people who decide that leasing isn't the right fit for them, which sometimes, albeit rarely, is the case. Your third and final option is available for drivers who decide they can't go without their current Jeep! Chrysler Capital also allows you to buy out the remainder of the vehicle's value by obtaining an auto loan or paying the amount in full. 

Planning ahead is the best way to have a smooth transition at the end of your lease. Approximately three months from your lease-end date is a perfect time to start weighing the options explained above and making your decision on how you wish to proceed. After this, you should schedule a pre-return inspection with Chrysler Capital to ensure it meets the lease-end quality standards. Chrysler Capital helps you prepare for the inspection with the Wear Tool and Wear Table to estimate any potential damage. Having this done within 60 days of your return date is best practice to help avoid the unexpected. You should start researching and choosing your next vehicle when you are one month away from your turn-in date. This way, when you return your lease, the car-buying process has already been streamlined!

There are a lot of decisions for you to make as you near the end of your lease agreement. The sales team here at Dick Scott Motor Mall wants to help you make these decisions and make the lease-end process as smooth and seamless as possible for you. Whether you're looking to lease a new Jeep or are preparing to return your current lease, contact Dick Scott Motor Mall, and our sales team will be happy to help. We look forward to hearing from you soon!