Leasing or Buying - Jeep Grand Cherokee

 

2016 Jeep Grand Cherokee  

The age old debate - Leasing VS Buying. There are advocates for each side. The reality is that in the end it really is personal preference based on exactly what you want and what you can financially afford.

However, there are some distinct advantages when you look at a Jeep Grand Cherokee lease.

Some people look at leasing, in the same way, they look at financing a vehicle. From the outside, there are many similarities but you should not overlook some of the key differences that can save you a lot of headaches and money when you lease a vehicle.

One of the most important factors is getting more car for less money. Think of it this way, when you are purchasing a new car you are basically financing the full price of that car. With a lease, the cost is based on the percentage of the car’s price.

Let's say you found a Jeep Grand Cherokee for $30,000. You would have to finance the entire $30,000 if you planned on buying the Jeep using bank financing (a car loan). If you choose to lease the Jeep you are only responsible for the difference between the car’s price and what the value of the car will be when you are done with your lease. You are not financing the whole thing at once. Let's say that the value of the Jeep is at 55 percent after a three-year lease. That would mean that the Jeep would be worth $16,500 at the end of the lease. You would be making lease payments on the $13,500 remaining and not the full cost of $30,000. Again, this means you are able to afford a much more expensive vehicle.

Another great option to consider when you are looking at leasing vs buying is the down payment. If you haven't saved up a lot of money for the down payment, a lease might be a better way for you to go.

There are many leasing options available to you. Some incentives are offered with no money down. Keep in mind these incentives usually require that you have decent credit. Also, the less money you put down toward a lease, it will usually mean you will have a higher monthly payment. That is actually the same issue with financing as well. The less up front money you have.....the higher your payments will be.

Are you sick of spending time and money on vehicle repairs? It never fails. It seems the minute your vehicle has passed the original factory warranty that is when something happens. Usually, something expensive and something that would have been covered by the warranty. It's called "Murphys Law" and it happens far too frequently.

2016 Jeep Grand Cherokee InteriorThat is one of the best things about a Jeep Grand Cherokee lease or any lease for that matter. The average lease lasts about three years. That is also the typical amount of time that you have on an original bumper to bumper factory warranty.

This means that your vehicle is typically going to be covered for all repairs during the time of your lease. Anything mechanically wrong with the vehicle should be covered. You still need to cover all the regular maintenance, but you can rest easy knowing that the rest of your vehicle will be covered in most cases.

As we have discovered, the average lease is about three years. This means that when your lease is up, you can trade the vehicle in for a new model. You can do this every three years. If you are someone who enjoys keeping up with all the latest gadgets found in the newest models, leasing might be the best choice for you.

Overall, leasing certainly seems to give you more bang for the buck without hassles and worry about mechanical problems. Of course, when you have a Jeep Grand Cherokee lease or any lease you do not own the car. You actually have to bring the car back to the dealership after your lease is up.

You will often be given the option of buying the same vehicle through special financing or you simply return the vehicle and set up a new lease with a current model. Either way, you are in control of your options.

 

What is offered in the latest 2016 Jeep Grand Cherokee

Not many vehicles can claim their place in pop culture and especially a vehicle that is designated for the Sport Utility Market. Somehow the Jeep Grand Cherokee continues to dominate the entire Sport Utility Market with a strong presence and overwhelming popularity and customer loyalty.

2016 Jeep Grand Cherokee EngineOne of the reasons why the 2016 Jeep Grand Cherokee is so popular is that the overall design of the vehicle appeals to a wide range of drivers. From active families to business professionals. Renowned for its off-roading capability it still remains luxurious and comfortable for the whole family. With included amenities and features that make high-end luxury sedans jealous, the 2016 Jeep Grand Cherokee really knows how to keep drivers happy both on and off the road.

Speaking of some of those luxuries, you will find a lot of sophisticated features in the newly designed Jeep Grand Cherokee. Take for instance the 8.4-inch UConnect Touch screen. Totally cool. Totally modern. There are plenty of options included in this infotainment system. Sure, you can play all your favorite tunes directly from your phone but the featured apps make it even easier. Many apps are included especially driver favorites like Pandora.

Luckily, it doesn't matter if your choice of smartphone is Apple or Android....the Bluetooth connection is easy to setup and sync with the Jeep Grand Cherokee. Other available options include in-dash navigation, satellite radio, and other custom apps in the infotainment system.

Comfort is important and the seating for five adults has been praised by drivers and passengers alike!

You have the option of customizing your front seat with either a hard or soft cushion. While the rear seat configuration has been maximized for three adults to enjoy a comfortable ride wherever your Jeep may take you. Plus, a surprise is the cargo space. You'll find plenty of room for all your needs.

Under the hood is where the 2016 Jeep Grand Cherokee simply outshines the competition. Look for the 3.0L Eco-Diesel V6 engine that was featured in last years model but it has a few tweaks that have improved the overall performance.

If more power is what you are after you can ask your Miami Lakes Jeep sales associate about the available stronger 5.7 liter HEMI V8 that gives you more towing power at 7,400 pounds. The engine tweaks have created approximately 10% more functionality than other engines for the Grand Cherokee.


Whether you are interested in purchasing a Jeep Wrangler or your more interested in a Jeep Grand Cherokee lease,
there are plenty of reasons to choose the Jeep Grand Cherokee.

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