10 Frequently Asked Questions About Car Leasing

Chances are if you are reading this article that you have a lot of questions about leasing a car. How does it work? What are the benefits? Is it worth it?

Whether this is your first time or you are curious to know answers to the same questions other lessees have, we are going to break down the process of leasing piece by piece.

It's just like your favorite teacher from elementary school taught you- there are no stupid questions; odds are you aren't the only one that has them.

1. Is leasing a good idea for me?


2. What are the advantages of leasing as it compares to buying?

Getting a lease compared to buying means that you are paying what the car is worth only during the time you are using it, not the full sticker price. The result is a lower monthly payment and you also don't have to worry about hassle of dropping your cash on expensive repairs.

3. Do dealerships offer leases on used vehicles?

Most dealerships will lease a used car to you so long as it has 48,000 miles or less. This is one of the best-known secrets to getting a great deal on a lease because nobody is talking about it. While one of the perks of leasing is getting a newer model, this option is perfect for anyone on a tighter budget.

4. How much will it cost to lease a car?

This obviously depends on the year, model, brand, and features of the particular vehicle you choose. Once you decide that, you have room to negotiate based on your financial history and how motivated the dealership is to get the car off the lot. At a bare minimum, you can rest assured knowing that you will be paying less per month on a lease compared to traditional financing.


5. What happens at the end of the lease term?

You have options. A lot of people tend to turn in their vehicle and sign up for a new lease. If you really liked the car you were driving, however, you can choose to buy it. Think of it as taking it for a three-year test drive before committing yourself to owning the vehicle.

6. Do I get my deposits back?

When you pay a security deposit with your landlord, you typically get that back by the time you move out of your apartment. Every dealership is different when it comes to auto leasing so be sure to pay attention to the language in the contract. If it says "non-refundable," you shouldn't expect to be reimbursed.

7. Who gets approved for a car lease with great terms?

The best car lease deals are generally reserved for people with excellent credit scores who have a long history of making payments on time. However, you will still be able to lease a car if you have less than perfect credit. You might just end up paying a higher interest rate.

8. Can I lease a car for no money down?


9. Where do I return the car at the end of my lease?

A common misconception, especially amongst people who move in the middle of a lease, is that you have to return the vehicle to the same dealership you got it from. So long as you return your vehicle to another verified Chrysler, Dodge, Jeep, and RAM (CDJR) dealership, you should be in the clear.

10. Is maintenance included with my monthly payment?

Routine maintenance such as oil changes are included on your monthly payment so you never have to pay out of pocket when the car is due for a checkup. The specifics of what is included on this varies depending on the dealership, but this is typically one of the benefits lessees enjoy the most.

Have Questions? Call (855) 264-9170 to Speak with One of Our Experienced Leased Specialist and Drive a new Car or Truck for Less

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