Off-road readiness comes standard in the Jeep Cherokee, available now for lease at Sterling Heights Dodge Chrysler Jeep Ram in Sterling Heights, Michigan. If you're new to lease that's okay, and if you've leased before it probably won't take much persuading to sign on again. Our Jeep Cherokee lease option is ideal for drivers interested in saving through low mileage. An auto lease typically requires little to no money down and includes a driver-friendly warranty. Need more convincing? Swing by our convenient location in Sterling Heights, MI today!
(586) 250-2967
Finance Department
Benefits of Leasing vs Buying a Jeep Cherokee from our Sterling Heights, MI Jeep Dealership
| Benefits | Leasing | Buying |
| Ownership | x | |
| Lower Down Payment | x | |
| Lower Monthly Payment | x | |
| No Mileage Limit | x | |
| Vehicle Customization | x | |
| Easier Trade In | x |
Find a Jeep Cherokee to Lease
Sterling Heights, MI | Troy, MI | Clinton Charter Township, MI
Why choose a Jeep Cherokee? Because at Sterling Heights Dodge Chrysler Jeep Ram in Sterling Heights, MI, there's no better SUV to get you comfortably down the road less traveled. The Jeep Cherokee is also a stellar option for people commuting around town, as it's fitted with the latest safety features and a solid fuel economy. With spacious cargo and all-wheel-drive capability, the Jeep Cherokee is also ideal for weekend getaways. Test drive the Jeep Cherokee SUV today at Sterling Heights Dodge Chrysler Jeep Ram!
Choose the Right Jeep Cherokee Lease for You
Financing can play a major role in your car search, and Sterling Heights Dodge Chrysler Jeep Ram in Sterling Heights, MI is here to help. Our finance team is excited to walk you through the benefits of choosing a Jeep Cherokee lease. We'll also work with your credit history and assess your trade-in value. Start the leasing conversation today by reaching out to our Sterling Heights, MI location.
Apply for Financing
Hours
| Dealership Hours | |
|---|---|
| Monday | 8:30am - 9:00pm |
| Tuesday | 8:30am - 6:00pm |
| Wednesday | 8:30am - 6:00pm |
| Thursday | 8:30am - 9:00pm |
| Friday | 8:30am - 6:00pm |
| Saturday | 10:00am - 3:00pm |
| Sunday | Closed |
There are two major decisions that our valued Sterling Heights, MI customers will make when considering a new Jeep Grand Cherokee. One, of course, is which Grand Cherokee you like most. After you've decided that, you will need to decide how to cover the cost of that vehicle. You can buy a new Jeep Grand Cherokee with a loan or you can lease it for a specific amount of time.
Both options have benefits and both have downsides. In order to help you decide whether to get one of our auto leases or to finance that Grand Cherokee with a loan, we've developed some FAQs that address some of the key considerations.
Which form of financing has lower out-of-pocket costs: A lease or a loan?
Leasing a Grand Cherokee from our new inventory will give you a lower down payment than you'd have with an auto loan. The monthly payments for a loan on a Grand Cherokee are usually higher because a Warren, MI buyer is paying for the total cost of the vehicle over the course of the loan contract.
The monthly payments are lower with a lease because a lease only requires a Macomb, MI lessee to pay for the amount that Grand Cherokee will depreciate over the life of the lease contract. Talk with one of the specialists in our finance center to find out more about the cost of a loan vs. a lease. Schedule an appointment with a financing specialist and then follow the directions to our dealership.
Which form of financing lets me build up cash value: A loan or a lease?
Financing a Jeep Grand Cherokee with a loan allows a Shelby Township, MI buyer to gradually build up cash value, or equity, in that vehicle. Over the course of time, you can create thousands of dollars' worth of cash value and then use that money to pay for your next vehicle. To help maximize the cash value you're building in your Grand Cherokee, bring it to our service center to get the regular oil and other maintenance it needs to keep running reliably.
On the other hand, a lease is just like renting a Jeep Grand Cherokee, so you aren't creating any cash value. At the end of your lease contract, you'll be required to return that Grand Cherokee to our dealership. You'll also be required to pay for any excess mileage or wear-and-tear based on the terms of the lease contract. So over the long run, you're better off financially with a loan than you would be with a lease.
Which financing approach saves money on upkeep: a loan or a lease?
When you lease a new Jeep Grand Cherokee, your vehicle will typically be covered by the manufacturer's warranty over the entire course of your lease contract. All Jeep models come with a 5-year/60,000-mile limited powertrain warranty and a 3-year/36,000-mile new vehicle warranty.
Because lease terms are typically 36 months, a Troy, MI lessee will be covered for any potential mechanical breakdowns by the warranty. On the other hand, if you buy a Grand Cherokee with a loan, you'll be responsible to pay the cost of a repair job after the new vehicle warranty expires.
Do I have to pay for excess mileage with a lease?
Yes, the lease contract for a new Jeep Grand Cherokee will include a limit on the number of miles you can drive each year without incurring a penalty. Jeep states that the maximum limit is 20,000 miles per year, so you'll be responsible to pay for any excess miles that you drive above the contractual limit if you get a lease.
By contrast, if you buy a new Jeep Grand Cherokee with a loan, you can drive as many miles as you want without a penalty. A loan also gives you the freedom to customize your Grand Cherokee in any way you want. We invite you to contact us to learn more about the pros and cons of getting a loan vs. getting a lease.