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New Jeep Grand Cherokee L Lease and Finance Specials Cincinnati OH
New Jeep Grand Cherokee L Lease Deals & Finance Prices at Jake Sweeney Chrysler Jeep Dodge Ram in Cincinnati, OH
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Buying a Jeep Grand Cherokee L: The Differences Between Leasing and Financing a Car?
Buying a new vehicle is usually expensive, so we will help you decide on a method that will be affordable for you. There are two methods of buying a car that you can use: a lease vs loan. Both methods have their advantages and disadvantages, and we unpack them here for you to use when you decide to buy a new vehicle.
What is a Lease?
Leasing is similar to renting a car, but for more than a month, usually between 24 or 36 months. Although it can be for any number of months. Instead of paying off the car, you only pay for the amount of depreciation that is expected to occur during a set period of time. You normally, but not always, are expected to put down a deposit on a leased car.
Car leasing can be complex when trying to understand the financing options available. Unique terms such as capitalized cost and residual value can often confuse many shoppers when choosing to lease or buy a vehicle.
What is Capitalized Cost?
This is the ultimate price of the car. This price is normally fixed, but you can still negotiate it downward with many dealerships. A lower cap cost means you will be paying lower monthly installments. You can also get cap cost reductions which are special lease deals from automakers.
What is Residual Value?
The residual value is the estimated value of a car at the end of its lease term or useful life. The residual value (also called salvage value) is the predicted value of what a car is worth at the end of the lease agreement. The lessor uses the residual value to understand the number of monthly payments the lessee will make during the life of the lease period. It is generally accepted that longer lease terms have lower residual values.
Benefits of Leasing a Jeep Grand Cherokee L?
- Your monthly lease payments and overall monthly cost may be lower than a traditional financing loan
- You don't have to go through the hassle of selling the vehicle once your lease is up
- The contract terms for leasing are typically shorter than a car loan
- You have the ability to turn the vehicle in at lease end and get a new vehicle
Lease a Jeep Grand Cherokee L at Jake Sweeney Chrysler Jeep Dodge Ram in Cincinnati, OH
Cons of Leasing a Vehicle
- You don't own the vehicle
- There are annual mileage limitations
- There may be a penalty if you terminate the lease contract early
- A lease agreement is a binding contract
- A lease agreement, once signed, becomes a legally binding agreement between you and the car leasing company. In return for the use of the car for a specific period, you agree to make a monthly payment. If you break that contract by failing to make a payment, you are expected to return the car.
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What is Traditional Vehicle Financing?
Traditional vehicle financing gets you behind the wheel of a new or used vehicle and requires you to make payments to eventually own the vehicle. When the car is fully paid off, you will own it and be able to retain the vehicle's remaining equity towards the purchase of a new vehicle. What happens if you finish paying off the vehicle and still love it? You can choose to continue owning the vehicle to take advantage of lower ownership costs by not having to pay monthly lease or finance payments
Benefits of Financing a Jeep Grand Cherokee L
- Once the vehicle is been paid off you own it
- Unlike a lease, you don't have to return the car
- You can drive as much as you want; no mileage restrictions
- Once your car is paid off you can use it as an upfront payment
- You can sell your car privately
- You can customize the vehicle with no restrictions at lease turn-in
- You won't have to make payments when the loan is paid off
- Financing is easier than leasing
- Refinancing a vehicle loan can save you money
- You decide if you want to fix the vehicle or not
Cons of a Vehicle Loan
- As with any loan, there will be an interest rate where you will have to pay interest
- After paying off the car, there could be increased maintenance costs due to the age of the car
Finance a Jeep Grand Cherokee L at Jake Sweeney Chrysler Jeep Dodge Ram in Cincinnati, OH
You Own the Car
By purchasing a car through financing, you will own it as soon as it is paid off. While you're still paying for the car the bank owns the car title until you pay it off, but there are typically no restrictions on what you can or cannot do with your car. Plus, your ownership grows slowly at first, but increases as the interest declines. The best way to maintain positive equity is to make a sizable down payment and get the shortest loan term you can afford.
There's no mileage cap
One of the biggest benefits of financing your car is you don't have to worry about a mileage cap. Beyond the costs of fuel and maintenance, there is no financial penalty for driving long distances.
Visit Jake Sweeney Chrysler Jeep Dodge Ram to compare Jeep lease deals and financing specials. Find out what works best for you and drive away in a new Jeep Grand Cherokee L.
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Jeep Grand Cherokee L Laredo
- 18" Fully-Painted Aluminum Wheels
- Monotone Exterior Colors
- Bucket Seats & 2nd Row 60/40 Bench with Manual Tip / Slide
- Blind Spot Warning Monitoring System
- Uconnect® 5 with 8.5-inch Display
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Jeep Grand Cherokee L Altitude
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- 20" Gloss-Black Painted Aluminum Wheels
- Monotone Paint Exterior
- Leather-Trimmed Bucket Seats
- 3.6L V6 24V VVT Engine w/ESS
- Uconnect® 5 with 8.4-Inch Display
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Jeep Grand Cherokee L Limited
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- 20-Inch x 8.5-Inch Polished / Painted Alum Wheels
- MONOTONE EXTERIOR COLORS
- 3.6L V6 24V VVT Engine w/ESS
- Dual-Pane Panoramic Sunroof
- Uconnect® 5 Navigation with 10.1-Inch Display
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Jeep Grand Cherokee L Overland
- 20-Inch x 8.5-Inch Fully-Polished Aluminum Wheels
- MONOTONE & Two-Tone Paint Exterior Options
- 3.6L V6 24V VVT Engine w/ESS
- Uconnect® 5 Navigation with 10.1-Inch Display
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Jeep Grand Cherokee L Summit
- 20-Inch x 8.5-Inch Fully-Polished Aluminum Wheels
- Monoton & Two-Tone Paint Exterior Options
- Quadra-Lift® Air Suspension Option
- 3.6L V6 24V VVT Engine w/ESS
- Uconnect® 5 Navigation with 10.1-Inch Display
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Jeep Grand Cherokee L Summit Reserve
- 21-Inch x 9.0-Inch Polished / Painted Alum Wheels
- V-6 Cylinder Configuration
- MONOTONE & Two-tone Exterior Paint Option
- 3.6L V6 24V VVT Engine w/ESS & 5.7L V8 HEMI MDS VVT Engine Options
- Uconnect® 5 Navigation with 10.1-Inch Display
New Grand Cherokee L Exterior Features
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Meet the New Jeep Grand Cherokee L!
The new Jeep Grand Cherokee L is the latest Jeep offering that boasts unmatched comfort. This SUV was made for large families on the go and can accommodate up to seven passengers. The L has three different drive systems, available air suspension, and a slew of tech features. Under the hood of every Grand Cherokee L, there is a 3.6-liter that fires up to 290 horsepower and 257 lb.-ft. of torque.
What Colors is the Jeep Grand Cherokee L Available in?
The new Grand Cherokee L is available in the following color options: Billet Silver Metallic Clear Coat, Sting-Gray Clear Coat, Granite Crystal Metallic Clear Coat, Diamond Black Crystal Pearl Coat, Bright White Clear Coat, Walnut Brown Metallic Clear Coat, Velvet Red Pearl Pearl Coat, and Green Metallic Clear Coat. The looks of the Grand Cherokee L will blow you away. A well-designed grille and thin LED headlights all to contribute toward making the Grand Cherokee L a head-turner
Find a great lease or finance price on the new Jeep Grand Cherokee L at Jake Sweeney Chrysler Jeep Dodge Ram today.
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What is the Towing Capacity of the Jeep Grand Cherokee L?
The Jeep Grand Cherokee L has a maximum towing capacity of 7,200 pounds which is more than enough to tow all your trailers, boats, and other towable accessories. Confidently pull your weight and a few extra tons too with the available 5.7L V8 engine. The great performance of the Grand Cherokee L continues when the road ends with an outstanding 24 Inches of water fording clearance.
How Fuel-Efficient is the New Jeep Grand Cherokee L?
The official fuel efficiency ratings for the new Jeep Grand Cherokee L haven't yet been released, but the SUV is expected to have a similar rating to the Grand Cherokee. The 3.6L V-6 will have an edge on efficiency while the available 5.7L V-8 will be less efficient, but boast a more impressive towing capacity.
Explore the impressive Jeep Grand Cherokee L capability and find a great lease price at Jake Sweeney Chrysler Jeep Dodge Ram.
Jake Sweeney Chrysler Jeep Dodge Ram: Jeep Grand Cherokee L Videos
New Jeep Grand Cherokee L Interior Features
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How Safe is the New Jeep Grand Cherokee L?
The new Grand Cherokee L was designed with your safety in mind. It comes fully equipped with an array of features for your own safety, and that of your passengers. You and your family will have peace of mind knowing that you have over 110 standard and available safety and security features. The Grand Cherokee L design was inspired by the original Wagoneer with the refinement of the modern Grand Cherokee. You will definitely make a bold statement with this new SUV.
- Available Active Driving Assist
With this feature, you can rest assured that your Grand Cherokee L won't steer out of its lane. - Available Drowsy Driver Detection
This feature monitors your steering wheel movement patterns and alerts you if you are not correctly handling the wheel. - Available Night Vision Camera
The L is equipped with thermographic technology and infrared sensors that scan for pedestrians or any objects up to 219 yards ahead. - Available Intersection Collision Assist
This collision assist technology forewarns you of any potential collisions ahead and can even activate Automatic Emergency Braking if needed. - Available Rear Seat Monitoring Camera
The Rear Seat Monitoring system allows you to easily keep track of your loved ones in the rear seats while you focus on driving.
Experience the 3rd row comfort & safety features in the new Jeep Grand Cherokee L in Cincinnati at Jake Sweeney Chrysler Jeep Dodge Ram today!
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Does the New Jeep Grand Cherokee L have Apple CarPlay®?
Yes! The new Jeep Grand Cherokee L will be the first model to support wireless Apple CarPlay® by way of the upgraded Uconnect® 5 infotainment system. When it comes to entertainment, you'll have access to all you need through voice command. The L has an available 10.1-inch touchscreen that links you to your Uconnect® system. You'll enjoy a trial of SiriusXM® for free! Also, the turn-by-turn Navigation is within your reach. You can use it without taking your eyes off the road. An available 4G LTE Wi-Fi Hotspot keeps you connected while on the go.
More Available Technology Features
- Available Head-Up Display
Keep your eyes on the road with an available full-color, 10-inch Head-Up Display that projects turn-by-turn navigation, speed, and more onto your windshield. - McIntosh® MX950 Entertainment System
This state-of-the-art system by the renowned luxury home audio company McIntosh® is now available for the first time in a full-size SUV. Turn your cabin into a concert hall with a 17-channel amplifier delivering up to 950 watts of power, 19 custom-designed speakers, and a 10-inch subwoofer.
Enjoy Apple CarPlay® in the Jeep Grand Cherokee L and find a great lease price at Jake Sweeney Chrysler Jeep Dodge Ram today!
Buy or Lease a New Jeep Grand Cherokee L in Cincinnati Ohio
Looking for a New or Pre-Owned vehicle? Jake Sweeney Chrysler Jeep Dodge Ram is your one-stop-shop. Not only do we have a wide range of inventory for you to find your perfect match, we also strive to put our customers first throughout the entire process. Our sales representatives are full of knowledge and will help answer all questions you have about your new car. Our finance experts are here to help you understand your lease or finance payments and will work to get you approved!
Stop by for a test drive today or call 513-572-3221 to talk to a sales rep and schedule a time that works best for you. We can't wait to do business with you!