Can I Finance a Lease on a New Jeep? 

red jeep grand cherokee

If you’re considering leasing a new Jeep as your next vehicle, it’s important to know how a lease compares to other financing options. In this quick guide, you’ll learn all you need to know about leasing and financing options. You can find useful tools like the Jeep lease calculator on our website, and speak to a Jeep financing expert at our dealership for even more information.

What is the Difference Between Leasing and Buying? 

The key difference between leasing and buying is that a lease doesn’t provide complete ownership of the vehicle, but you can drive it during the duration of the lease.

If you’re looking for a Jeep lease, keep in mind there are pros and potential cons to both leasing and buying. It depends on your priorities — are you more focused on keeping your monthly costs low, or are you pursuing the goal of owning your car outright? Consider the following:

  • Leasing has lower monthly payments, no warranty expenses, and no repair costs.
  • Leasing doesn’t build equity in the vehicle and monthly payments aren’t finite.
  • Buying builds equity in the vehicle, monthly payments are finite, and there aren’t limits on mileage.
  • Buying means you are responsible for warranties, repair costs, and trade-ins.

Can I Finance a Lease?

The short answer is yes. But if you’re hoping to drive off the lot of a Jeep dealership in Massachusetts with a car you’ll keep for many years, then a lease might not be your best option.

A lease breaks down the total cost of the transaction into monthly payments, just like financing does on a car purchase. The difference is these payments don’t lead to complete car ownership. It’s like renting an apartment versus buying a house you’ll be making payments as long as your lease is up, but you won’t be able to own your car until you finance it.

Leasing at Best Chrysler Dodge Jeep RAM

At Best Chrysler Dodge Jeep RAM, there are lots of payment options for your new Jeep vehicle, and we also off lots of tools to help you make your decision. Our website has a lease calculator and a Value Your Trade calculator, which make finding new Jeep models for sale you love easier. Browse our website today and explore your options!