Car Leases

Chrysler Capital helps more people get into the driver’s seat of Chrysler, Dodge, Jeep, RAM and FIAT vehicles with flexible lease options.

Can you return a leased car early?

A common myth of leasing is that once you sign the contract, you are committed to the terms of that contract until it ends. The truth is you can turn a leased vehicle in early. Depending on how much time has elapsed, you will likely be responsible for the remaining payments and possibly an early termination fee. In that respect, it’s not unlike trading a financed vehicle in the early stages of the loan and being responsible for the negative equity. If you’re anxiously awaiting an upgrade, or if you’ve simply outgrown your current vehicle, one of the best ways to get into a new vehicle early is to inquire about a lease pull ahead program. A lease pull ahead provides incentives that allow you to end your current lease prematurely without having to pay early termination penalty fees. Lease pull ahead programs vary, so it’s important to ensure the incentives that are offered are at least worth the expense incurred. Chrysler Capital is excited to support Fiat Chrysler Automobiles’ (FCA) Lease Pull Ahead Program. Through August 31, 2015, lessees with contracts expiring October 1, 2015 through January 2, 2016 can pull ahead into a new vehicle and earn up to $1,500 in bonus cash. For more details, including a list of the eligible vehicles, visit ChryslerCapital.com or visit your … Read More

How to lease a new car … from one first-time lessee to another

I did it. I leased my first new car. You know what? It was easy and completely painless. Making the decision to lease came easily. Here are two reasons why: My commute to work in my vehicle is a short drive to the train station. Thanks to the DART, I don’t put many miles on my vehicle. If you also have a short commute, leasing your next vehicle is something to consider. A quick review of 2013 models with above-average miles indicated the vehicle has pretty solid resale value. Of course, I’m not an expert and wouldn’t attempt to predict the future, so worst case scenario I’m guaranteed the residual value on my contract at lease-end. Even with two solid reasons on the “pro” side, I wasn’t 100 percent convinced I should lease. Rather than continuing to bat the idea around, we sat down to talk numbers, negotiating the price of the vehicle. It didn’t take long to settle on a fair price and then move back to figuring out the financing. You know what finally tipped the scale and made me jump all-in on the leasing side? Incentives. When there is lease cash or bonus cash available on the vehicle you’re interested in, it can really make a difference. In our case, it definitely did. Don’t forget to ask … Read More

Auto leasing on the rise, reaches all-time high

The first quarter of 2015 saw leasing reach an all-time high. According to Experian Automotive, 31.46 percent of new vehicles financed during the first three months of the year were leased. Auto leasing has been on the rise for the last couple of years. While industry experts agreed the trend would continue, reaching percentages in the high 20s in the next two years, few guessed that it would exceed 30 percent. Or that it would do so as quickly as it did. Why has leasing become so popular in the recent months? As Millennials make their mark on the auto market, are they choosing leasing over traditional financing? While that may be a part of it, the answer isn’t quite that simple. One reason is that leasing generally provides a more affordable payment on more expensive vehicles. “When you can get more car, more technology, by leasing for the same monthly payment than you can on a loan, yeah, I see leasing continuing to grow,” said Senior Vice President in the greater Detroit area for TransUnion Pete Turek. Next, take into consideration that the price of new vehicles is on the rise. According to Experian Automotive, the average amount financed for a new vehicle during the first quarter of 2015 jumped over $1,000. The average monthly lease payment for the … Read More

How long can I lease a car?

For those who regularly choose to lease their vehicles, one of the distinct advantages over traditional financing is the shorter terms that go along with leasing. There are many benefits that go hand in hand with a short-term contract, and we’ll get to some of those in a bit. But the first step is determining the contract term that is best for you. Ask yourself, how long can I lease? That’s right – ask yourself this question. It is, after all, your lease contract. Most lessors have standard minimum and maximum lease terms, but you are free to choose the length of your contract as long as it fits within those parameters. And only you know what fits your lifestyle needs. For example, a friend of mine just graduated from college and needed a vehicle. He knows that in a couple years he’s going to be in the market for a larger vehicle. In the interim, he was looking for something contemporary and stylish, yet affordable. He leased a Chrysler 200 for 30 months. Why was leasing the perfect choice for him? Well, it fit all his criteria, of course. Then there were those added benefits that I briefly mentioned earlier… To begin, his vehicle is covered by the manufacturer’s warranty for the duration of his lease contract, should he … Read More

Shaking Things Up—A New Lease of Motoring Life

So, you’ve been a loyal used car buyer your whole life, and your vehicles have served you well. You’ve had the foresight to purchase extended warranties and GAP coverage when you deemed it necessary. Overall, you’ve been satisfied with your decisions thus far. Satisfied. But what if your next vehicle was brand new, had all the latest technology, and was covered by manufacturer’s warranty? And what if all this came with the same, or LESS, payment than another “satisfactory” used vehicle? To some, just mentioning the word lease in reference to a vehicle invokes a waterfall of reasons why leasing just won’t work for them. I was once one of those people. But after taking some time to figure out what leasing is all about, I learned my thought process was old-school, to say the least. Today, there are so many choices out there and Chrysler Capital leasing is built to meet the needs of a flexible lifestyle. Flexible mileage options Mileage restrictions tend to be the first objection of leasing. I’m not going to lie—it’s always been my biggest reservation. Then I did the math. Like most Americans, I drive less than 15,000 miles per year, which fits the parameters of a standard lease. Even if my average came out a bit higher, I can easily add those extra … Read More