Welcome to The Faricy Boys
We are located at 4950 New Car Drive
Colorado Springs, CO 80923
Colorado Springs, CO 80923
Getting the most out of the car-buying process is often about exploring and understanding your options: options for the type of vehicle you want, options for new or used models, and your options for how you are going to pay for it. For example, you might consider a Jeep lease as a great way to enjoy a brand-new Jeep without committing to paying the full price of the vehicle. A Jeep lease is not necessarily the right option for everyone, so it is important to make sure you understand exactly how a lease works and see if it is a good fit for you.
With a lease, you are effectively renting a vehicle over the course of two or three years, and then you return it at the end of your leaseāāthough you may have the option to buy it. Depending on what you want from your Jeep, this can be a great way to enjoy everything it has to offer and still have the freedom to get another new model in just a few years. For some of our customers, a Jeep lease is the perfect option that provides them the freedom they want with a great vehicle, and it saves them money over time. Come visit us at The Faricy Boys, and we will help you find the perfect vehicle and just the right way to enjoy it.
Before we go any further, let us take a moment to look at what, exactly, a lease is, how it works, and what sets it apart from other ways to ābuyā a car. A Jeep lease is an option available to you if you are interested in a new vehicle and is a way for you to drive a new vehicle for a couple of years and then return it to the dealership. You do not actually buy the Jeep when you lease itāāinstead, you pay for the depreciation that will occur on the vehicle while you drive it. In some ways, it is much like renting a vehicle for an extended period of time.
Depending on the terms of a Jeep lease that you agree to, you may be able to buy the Jeep at the end of the lease if you decide you like it and want it, but that is not required. At the end of the term, you can return the vehicle and lease another new Jeep to enjoy for a few more years. For many people, this is a great way to experience a brand-new model without committing to the expenses of long-term ownership. And since you are paying off the depreciation, rather than paying for the entire vehicle, lease payments are typically lower each month than paying a loan.
Since a Jeep lease is distinct from buying a new vehicle in some very specific ways, there are terms and concepts related to the process that are unique to a lease compared to buying a vehicle, even with a loan. While you do not need to memorize every term you might encounter, we suggest becoming familiar with the most important ones so that you will understand everything you see on a lease agreement. Some of the key Jeep lease terms that you should know include:
There are many factors that come into play when deciding if a Jeep lease is right for you, or if you would be better off buying a vehicle. If you value ownership and want to have the same Jeep for many years, then buying a vehicleāāeven with a loan to help with financingāāis probably your best choice. On the other hand, if you do not care about ownership and simply want to enjoy a brand-new model for a few years and then get another one, then a lease is probably perfect for you.
Keep in mind all of the terms and conditions that apply to an auto lease, which you will not deal with when buying a vehicle. For example, a Jeep lease will include allotted miles that you are allowed to drive each yearāāif you know you are going to put more miles than that on your vehicle, then that might mean a lease is not right for you. You are also expected to return the Jeep at the end of the lease in excellent condition, and you will need to pay for any wear and tear you cause. Remember, also, that you are not free to make aftermarket additions to the vehicle when it is on a leaseāāso if you want a Jeep you can modify for some serious off-roading, then you are better off buying one rather than going with a lease.
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719-867-5699
Call Us4950 New Car Drive ā¢ Colorado Springs, CO 80923
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