For some, leasing a new or used vehicle is a much more viable option than purchasing. Many people do not want to feel confined to one car for its duration. The car payment itself can be stifling, not to mention that if anything happens to your new vehicle, you are squarely on the hook for it. Insurance doesn’t cover all repairs. For many, owning a car is too much of a commitment. If you are in the market for a new or used Jeep, lease options may be right up your alley.
There are plenty of reasons for opting into a lease, rather than leasing. The financial aspect is certainly one of them, but it is by no means the only reason. Sure, having a car payment hanging over your head for years and years is not very desirable to most people. Add on to that the pain and hassle of going through financing in the first place, and it is a wonder why anyone buys new cars at all.
Besides the financial aspect, people often find themselves or loved ones in situations where leasing makes more sense. Leasing allows a driver a short term obligation, as opposed to the long term commitment that buying a car necessitates. Take a look at a few of these scenarios and see if you fit one of them. If you do, perhaps a serious look at leasing may be in your future.
Perhaps you have a child going off to college. You do not feel investing in a new car is a great idea, but you want the reliability that can’t be trusted in a used car. Perhaps, then, leasing a vehicle for your young one is a viable option. College is designed to last four years. Conveniently, the average lease length in the United States is just a hair over three years. Of course, you can always opt to extend the lease, if you wish.
What this means is that you can lease a vehicle for the duration of your child’s college experience, choosing to extend the lease as the college term runs on beyond four years (hey, it happens to the best of us). You, or your child, will have a very affordable, fixed payment over that time period. This allows your kid to have a reliable car that can get him or her home when they need to do laundry or raid your fridge.
It can also be a teaching lesson on fiscal responsibility and the reality of car ownership. You can’t return a vehicle after a lease that has been run ragged or not been taken care of properly. Let’s be honest, teenagers are not the best when it comes to taking care of a new vehicle. We were all there once, we all know that regular oil changes and tire rotations are not pressing matters for a teenager. However, if you are able to show them the importance of this, once they come out of a lease, they will be great vehicle owners for life.
Once the college career is over, your new graduate can either choose to end the lease or renew it. They can also decide that they loved that Jeep Cherokee and purchase one for themselves, now that they have a degree and a career lined up. He or she has had roughly four years to learn to love it. That is more than enough time.
Unfortunately, some people are less decisive when it comes to vehicles. Say, for example, you have been a pickup truck person your whole life. You needed it for work. That is very common and very understandable. Now, you no longer need the size and utility that a pickup truck offers. You have no idea where to go from here.
Leasing a Jeep Wrangler, for example, for a couple of years, could still give you the familiar high-off-the-road feeling, but without having to maneuver a huge truck around corners. You still get the freshness of a new vehicle, but you aren’t tied down to years of payments for a vehicle that may not exactly fit your style. It doesn’t mean that you are wrong, or that the Jeep Wrangler is a bad SUV, it just means that you are not a right fit for each other. Don’t worry, there is always the jeep Gladiator coming in 2020. It looks sure to satisfy both the Jeep lover and the truck lover. There is hope for a perfect fit for the two of you yet!
Sometimes Life Happens
Sometimes, life throws us curveballs. Those curves can be great things, like starting a family or getting a new job. Sometimes, however, they can be not so great things, like starting a family or getting a new job. Either way, you have to make concessions in your life. All too often, one of those concessions is what you drive.
Suppose you get the awesome news of a positive pregnancy test. You’ve been so looking forward to this, but you now have a ton of decisions to make. By no means should your choice of vehicle be the first, but it will prove to be an important one, in the long run. That two-seater muscle car or that compact pickup truck isn’t going to cut it for the next few years.
Or, perhaps, you get a new short term job in a city where you will have to relocate. You love your big, spacious pickup truck, and you don’t want to get rid of it, but you know it isn’t necessarily conducive to handling city streets.
Rather than trading in your beloved truck or sports car, the option to lease allows you to spend the next few years utilizing an SUV like the Jeep Grand Cherokee, while keeping your baby vehicle tucked away under a tarp or a garage roof. You can have the interior space, excellent handling and overall different feel of a new-to-you vehicle. At the end of your lease (longer for those who also have to invest in car seats, granted), you get to dust off your old joyride and fondly remember your times in a Jeep Grand Cherokee.
The Latest and Greatest
One last scenario is those that just cannot get enough of what is next. Modern automotive technology is advancing at a rapid rate, almost to the point of new features annually. So many vehicle aficionados want to know the absolute best and baddest things the automotive world has to offer, that, at this point in vehicle technology evolution, it is easily worth a lease every couple of years to see what is the next big thing.
Since most people cannot afford to purchase a new vehicle every couple of years, even one as affordable as a Jeep, they choose the lease option. Every couple of years, the next big safety feature or infotainment perk hits the automotive world and a Jeep lease will open that world to you. Those who are serious about leasing get to literally live with each of those features daily. And with a short term lease, it is feasible to be able to see this kind of automotive magic frequently!
Whatever your reason for leasing over buying, rest assured you are not alone. Leasing is becoming more and more popular every year, and we can easily see why. So, if you are thinking about opting into this versatile and pliable world, consider all the options that Jeep has to offer. Unless you are super into cars, then, Jeep can’t help you.