Dodge Car Leasing FAQ

November 20th, 2022 by

If you haven’t leased a car before, you might be a little left behind with the language and what’s expected. Leasing is a little different from buying, so there are a few things you need to watch out for and understand. Here’s a quick car leasing FAQ so you are prepared to start a new Dodge lease.

What Is a Car Lease?

Instead of ownership, think of a car lease as a rental agreement. Instead of transferring complete ownership over upon a car’s sale, a lease gives the vehicle driver the right to use it for a fixed amount of time.

What Are the Terms of a Car Lease?

These vary by vehicle and preference. You will have a choice in how long you want the lease to last. You’ll also need to be aware of the mileage limits of a lease. This just means how many miles you plan to put on the vehicle during the fixed time period.

How Much Is a Lease?

While somewhat similar to financing a car, a lease is typically the cheaper option. How much you’ll pay is dependent on other factors, like your credit score and the terms of the agreement. A general rule is the larger the down payment, the lower the monthly payments — although some lease agreements don’t require a down payment at all.

Can I Purchase the Leased Car?

In most cases, yes. If you fall in love with your leased car, you can buy out your contract. There are plenty of variables for the price of that buyout, including condition, length of lease, and value of the vehicle.

How to Get Started on a Dodge Lease

This is just the basic nuts and bolts of car leasing. But if you have any more questions, we’ll be glad to help. Come down to Kearny Mesa Chrysler Dodge Jeep® RAM  in San Diego and speak with one of our finance experts. They can answer your questions and help get you started on your new Dodge lease

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