Should You Finance or Lease a 2020 Jeep® Cherokee Near Council Bluffs?

November 14th, 2019 by

Are you interested in a 2020 Jeep® Cherokee but can’t decide between purchasing or leasing? Both options have certain advantages. Our sales team at Woodhouse Chrysler Jeep® Dodge RAM can help you discover which choice is right for you. But first, let’s take a quick look at the main differences between financing and leasing your next car, truck, SUV, or van at our Jeep dealer near Council Bluffs.

Financing

Financing your 2020 Jeep Cherokee means that it’ll be your name on the title, with your monthly payments going towards paying off your purchase. Once the loan is satisfied, you’ll own the vehicle outright. Later, when it’s time to upgrade, you can either sell the car privately or trade it in at a dealership toward your next purchase. Additional benefits of financing your vehicle include:

  • Unlimited miles, which means no risk of penalties for overage
  • No extra charges for excess wear or damage
  • You can customize the car to make it your own

Leasing

On the other hand, leasing can be the most financially advantageous way to get into a new vehicle. Leasing can be particularly useful if you enjoy driving a new car every few years, or if you simply prefer not to be tied to the longer-term agreement that can come with financing. Benefits of leasing include:

  • Lower monthly payments
  • Flexible terms and mileage agreements
  • Warranty protection throughout most or all of your lease term
  • The ability to either turn in or buy your car at the end of the lease agreement

We’re proud to serve Blair and the greater Omaha area here at Woodhouse Chrysler Jeep Dodge RAM, and we can help you find the perfect vehicle to suit your needs and budget. Our Jeep dealer relies on our friendly sales staff and in-house financing team to support customers every step of the way. Contact us or stop by today!

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