You’ve decided it’s time to visit our Jeep® dealership in Portsmouth to find your next vehicle. But have you made the decision of whether you're going to lease or finance the Jeep Compass or Jeep Cherokee? We can help you choose the best-suited option here at Bournival Jeep. Many people opt to lease a car rather than buy it outright because the monthly payments will likely be lower. Leasing is akin to borrowing, so your monthly installments will only reflect the depreciation value of the vehicle during your lease term. Whereas with financing, it's the entire sticker price. Lease contracts vary in duration, but many of them last between one and three years. Leasing is also a great option if you want to drive the newest models that feature all the new technologies and conveniences.
Leases, however, do come with a couple restrictions. A mileage limit is included with every lease. Depending on how often or how far you drive, leasing may or may not be the best choice as there are fees if you go over the yearly allotted mileage. We recommend figuring out your average annual mileage prior to committing to a lease. Since you are essentially borrowing the vehicle, another factor to take into consideration is wear-and-tear fees. No matter if you decide to buy or lease, our financing specialists here at Bournival Jeep are more than happy to assist. A representative will sit down with you one-on-one, discuss yours wants and needs, and present you the most suitable option. When you work with us, you can expect 100-percent transparency. While there are things to keep in mind when leasing one of our new Jeep vehicles, taking this route proves to be beneficial for a number of our customers. Contact us at Bournival Jeep for more information! We look forward to helping you out soon.
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AuthorBournival Jeep, your trusted Jeep dealership serving Portsmouth, NH. Archives
August 2018
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