If you’ve decided to lease a Chrysler vehicle instead of buying one, you may assume that finding a great deal will be easy. Unlike with buying a car, there’s no price tag to negotiate–right? Not necessarily. Just because you won’t own the car forever doesn’t mean that all Chrysler lease deals are created equal. Just like with buying a car, you must shop around and do lots of research to get the best possible deal. By learning about how leases work and what to look for while shopping for one, you’ll be far ahead of the game. Get the information that you need to be an informed lessee below.
First, there’s no point in comparing Chrysler lease deals unless they all concern the same vehicle and terms. Therefore, your first order of business is to decide which Chrysler car you’d like to lease. The manufacturer has a wide array of options, including the Chrysler Town and Country, 200, 300 and Pacifica. Visit a local dealership to check out the options in person and to do some test drives.
After pinpointing the vehicle that you’d like to lease, consider the length of the lease itself. Most leases are for 36 months, or three years. It’s generally best to stick with a three-year lease, as the car’s original, full warranty will most likely expire after three years. Unless you seriously plan to buy the car later or don’t mind investing money in repairs for a car that you will trade back in before too long, a 36-month lease should be perfect.
Keep Mileage In Mind
When comparing Chrysler lease deals, pay attention to the mileage that is included in each lease. Most leases include 12,000 miles per year, or 36,000 miles through the end of the lease. Some dealers let you upgrade to higher mileage allowances, but this increases the cost of the lease too. You may also be able to buy additional miles upfront for much cheaper. In the event that you go over mileage, you’ll owe between 10 and 15 cents per mile over when you turn the car in. If you buy more miles beforehand, you’ll pay around five cents per mile, so your Chrysler lease deal will still be pretty solid.
Like many people, you may assume that no down payment is necessary since you’re leasing instead of buying. That’s not the case at all. Most of the time, you are required to pay what is known as a drive-off fee, which is essentially an upfront fee or down payment. Around $1,000 is a reasonable amount for a drive-off fee. Anything more than that is pushing it. Make sure to find out the drive-off fee and to factor it in while comparing and contrasting different Chrysler lease deals.
Don’t stop with comparing different advertised Chrysler lease deals. Many times, they end up costing a lot more due to hidden fees and other costs. Instead, request quotes from several local dealerships for the sale price of the Chrysler car that you’d like to lease. This will give you an idea about which dealership has the best prices. Next, request a new quote for leasing the car instead of buying it. While you’re at it, ask for the three-year residual value of the car and use this information in online lease calculators to more accurately calculate how much the deal will cost.
The extra legwork may seem like a lot, but it will help you find the best Chrysler lease deals. When everything is said and done, you’ll be able to lease the Chrysler vehicle of your choice for a very affordable price.
Current Chrysler Lease Deals
Examples of current Chrysler lease deals include:
- 2016 Dodge Durango – $433/month; 36-month, 30,000-mile lease; $433 due
- 2017 Chrysler Pacifica Touring L – $334/month; 39-month, 30,000-mile lease; $2,999 due
- 2017 Chrysler 300 Limited – $284/month; 42-month, 42,000-mile lease; $2,999 due