What to Know Before Signing a Jeep® Wagoneer Lease

Leasing a Wagoneer is an excellent way to drive one of the most luxurious SUVs on the market without the long-term commitment of ownership. At Brunswick Auto Mart, we want to ensure you're fully informed before signing a Jeep® Wagoneer lease. Here are some key points to consider.

Understanding Lease Terms

A typical lease agreement for a new Wagoneer lasts between 24 and 36 months, with mileage limits ranging from 10,000 to 15,000 miles per year. It's important to keep track of your mileage, as exceeding the limit may result in additional fees at the end of the lease term. Monthly payments are usually lower compared to financing a purchase, but you won't own the vehicle at the end of the lease unless you decide to buy it.

You'll also need to provide a security deposit, which is often returned at the end of your lease term, barring any excessive wear and tear on the vehicle. Most leases also include a disposition fee, payable when you return the vehicle.

Requirements for Qualified Lessees

To qualify for a Wagoneer lease, you'll need to have good credit, typically a score of 700 or higher. Lenders want assurance that you're financially responsible and able to make monthly payments. We recommend checking your credit in advance with an auto loan credit check to ensure you know where you stand; additionally, having a stable income and employment history can improve your chances of qualifying.

If you have less-than-ideal credit, you may still be able to lease, but your terms may include a higher interest rate or larger down payment. At Brunswick Auto Mart, our finance team can work with you to explore options tailored to your specific situation.

Weighing the Pros and Cons

Before signing a lease, it's essential to weigh the pros and cons. One of the biggest advantages of leasing is that you can drive a high-end SUV like the Wagoneer for a lower monthly payment compared to financing. Leasing also allows you to upgrade to a newer model every few years, keeping you in line with the latest features and technology.

On the flip side, leases come with restrictions. The mileage limits, potential wear-and-tear fees, and lack of ownership at the end of the lease are important factors to consider. If you like to customize your vehicle or plan to keep it long-term, buying may be a better option.

Sign a Jeep® Wagoneer Lease in Brunswick, OH, Today
In the end, leasing a Wagoneer can be a smart choice. Visit our Wagoneer dealership in Brunswick, OH, and let Brunswick Auto Mart help you make the best decision for your lifestyle.