Is leasing a Wrangler worth it?

The Wrangler is an American legend, and one of the most popular models at our Jeep dealership near Milwaukee. If you're debating between a Jeep Wrangler lease and financing, Ewald is here to help. Let's explore the advantages of a Jeep lease!

What do I need to know about leasing a Jeep?

If you're not sure how a Jeep lease deal works, don't worry. It's simple. A Jeep Wrangler lease is a long-term rental agreement. Your lease agreement allows you to drive the vehicle for a predetermined period of time (usually one to four years). 

Your monthly lease payment will cover the cost of the vehicle's depreciation, along with fees and interest. 

Lease agreements will specify the following information:

• Down payment amount
• Length of lease agreement
• Vehicle value at the time of signing
• Estimated residual vehicle value at the end of the lease term
• End of lease fees
• Early termination fees
• Mileage cap
• Conditions and fees for excessive wear-and-tear
• Missed payment penalties 

Is it cheaper to buy or lease a Jeep?

Depending on how long you plan to drive the car, it's often cheaper to lease a Jeep. One of the biggest benefits of leasing a Jeep from our Milwaukee Jeep dealer is the lower monthly payments. If you can't afford to buy a Jeep outright, a lease is a great way to enjoy the vehicle of your dreams. 

However, you won't own the vehicle at the end of your lease term. Customers who want to build equity in their Wrangler should consider financing instead. Our Jeep dealership in Milwaukee will be available to help you discover whether you're better off buying or leasing. 

How many miles can you lease a Jeep?

The typical annual lease mileage cap is 12,000 miles. Once you reach the limit, you'll pay for every excessive mile driven in your Jeep Wrangler lease. Customers can also negotiate their mileage cap at our Jeep dealership in Milwaukee.

Can you negotiate a lease?

Leasing a Jeep is similar to buying in that you can negotiate your terms. Customers should feel welcome to negotiate their Jeep lease deals just like they would if they were buying a car. 

Does leasing a car hurt your credit?

Our Milwaukee Jeep dealer reports lease payments exactly like payments on an auto loan. Your Jeep lease can build your credit in the same way that timely payments on an auto loan will build credit. At the same time, missed lease payments can harm your credit score, just like late payments on a car loan.

Why are lease payments lower?

Payments on a Jeep Wrangler lease are lower because you're only covering the cost of depreciation, interest, and fees. You aren't paying off the entire value of a new Jeep Wrangler. For many customers, monthly lease payments are more budget-friendly than payments on a car loan. 

Can you buy the Jeep after a lease ends?

Yes, you will have the option for a lease-end buyout at our Jeep dealership in Milwaukee. You'll pay the difference between your lease payments and the vehicle's value at the end of term. Buying a leased Jeep is a great idea if you already know that you like the vehicle. If you're happy with your Wrangler, Ewald makes it easy to buy your leased Jeep.