If you have recently leased a Jeep® vehicle here at I.G. Burton Chrysler Dodge Jeep RAM of Milford, you may be wondering if you can lease it for longer than your initial term. You can do that if you want to! The great thing about a Jeep lease is the flexibility it offers at the end of your agreement, and keeping a vehicle for longer is one of your options.
Leasing a Jeep SUV for Longer
Many people lease a vehicle because they want to upgrade to a new car every few years. You lease for two to three years, and then you turn in your car for a new one.
What if you really like the car you’re leasing though? Automakers have planned for that, and now most give drivers the option to extend their lease. You can generally extend your lease for up to 12 months. Sometimes a month-to-month arrangement can work, but other times you may need to commit to a set length of time. It can depend on your original lease agreement and its terms.
Now you have the chance to drive that Jeep SUV you’ve been enjoying for a little bit longer. If you want to drive your vehicle for even longer, there’s another option.
Buying Your Leased Jeep SUV
You also have another option at the end of your lease agreement, aside from choosing a new vehicle or extending your lease. You can also choose to buy the vehicle you’ve been leasing. Think of it as an extra-long lease extension. Your dealer will calculate how much you owe, and then you can purchase the vehicle you’ve been leasing.
If you want to learn more about leasing and financing options, visit our Jeep dealership in Milford, DE. We look forward to assisting you!