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​Let’s say you’ve found one of the best CDJR lease specials in or around Kewanee (that’s Chrysler, Dodge, Jeep, and Ram, by the way) and you’re ready to sign on the dotted line. Before you do, you should know what a lease entails, especially the fees that may happen if you don’t do things right. While new Jeep and Ram lease incentives are available year-round, the rules of the leasing contract don’t change, so we felt it would be a good idea to list the most common lease penalties and fees and how you can avoid them for easier ownership.
Breaking Your Lease Early
When you sign a lease, you’re entering a contract for a set amount of time (the usual lease term is three years, or 36-months) and the cost of the vehicle’s depreciation is calculated and broken down into your monthly payments. Breaking a lease is an administrative nightmare and puts the dealership on double time to get it cleaned, touched up, and reappraised for future sale. While it’s understandable that you may need to terminate a CDJR lease early, know that it will come with some high costs, even as much as paying the remainder of your lease plus fees.
Take Care of Your Lease
Within your contract, you’ll find a clause that states that you need to keep the vehicle in good condition during your term and return it as such. Now, over the course of driving your leased vehicle, some minor scratches may come up and can be considered normal wear and tear. However, giant dents and deep scratches that require extra work will cost you. Try to take care of your vehicle as best you can.
Maintain and Repair Your Vehicle
Another clause in your lease will be that you’ll bring it in for regularly scheduled maintenance, such as oil changes, tire rotations, and the like. Skipping this can quickly snowball into parts wearing down faster and incurring much more expensive and extensive repairs. These costs will be passed onto you because you violated the contract.
Watch Your Odometer
Yet another clause that will be in your lease contract will be the maximum number of miles you can drive. If you hit your maximum without going over, there’s no issue. If you drive fewer miles than the clause states, there’s no issue. However, driving over that limit will net you some penalties, and they can rack up quickly. A few miles won’t break the bank, but excess mileage will amount to a substantial fee, as the price-per-mile could be upwards of $0.30 per mile driven over the agreed amount. If you have a road trip planned, make sure it fits into your mileage limit.
Don’t Modify Your Vehicle
Let’s say you lease a CDJR vehicle that doesn’t have a premium audio system, but over the first few months of driving, you find that your playlists don’t sound as good as you’d have hoped. You think that you can head out and have a new system put in and everything will be right in the world. Or maybe you want newer, flashier wheels, or a new paint job. All of these sound nice, and had you purchased and financed a vehicle, that would be a-okay. However, with leases, you cannot modify the car with aftermarket parts. Otherwise, as you might have guessed, you’ll face some hefty fines when you bring the car back to the lease return center at the dealership.
Find Your Next Lease in Kewanee
Why waste time looking for the best CDJR lease specials? Head over to Ed Morse CDJR in Kewanee to explore the most attractive offers and lease deals in the area to make sure you get the vehicle you want at a rate you’ll love. Contact us today to learn more about our specials or to schedule a test drive of your next vehicle—we’ll be happy to help you pick the right features.