Chrysler Lease
Leasing a Chrysler is a great alternative to buying one, but working out a deal can be a long process with a variety of hidden costs.
Written by Joshua Levy
Reviewed by Jessica Barrett
Leasing a Chrysler is a viable option for anyone who wants to hop behind the wheel of a car they can’t afford to buy outright. Chryslers are known for being powerful, luxurious cars with a price tag to match.
Of course, leasing comes with its own set of pros and cons. While you won’t need to worry about enormous upfront costs or even long-term maintenance fees, you’ll need to work out a monthly payment plan that works for your budget. But once you do, you could be driving your dream car for much less than it would cost to buy.
Leasing can be a great option for anyone looking to get a new car, but finding a lease can be complicated. That’s why the
car insurance
comparison and broker app Jerry
has compiled everything you need to know about leasing a Chrysler. Here, we’ll cover every part of the leasing process, from how to find a lease to what costs you should expect. We'll even throw in some tips on how to save on your Chrysler insurance costs
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How to lease a Chrysler
Leasing a car isn’t too complicated, but it takes time to find an affordable lease with reasonable terms. When you start looking for a lease, make sure to prepare ahead of time and shop around. Here are a few key tips for leasing a Chrysler:
- Check your credit score. The type of lease you can secure largely depends on your credit score. Before applying for a lease, try building up your credit until you have a good credit score—meaning a score of at least 700.
- Set a budget. As is the case with any big purchase, you’ll need to understand what you can afford before you dedicate yourself to making monthly payments. As a rule of thumb, your monthly payments should be under 15% of your monthly income.
- Save for a down payment. Most dealerships will require a downpayment before you can take your car off the lot. But if you save up for a bigger downpayment than they require, you may be able to secure a lower monthly rate.
- Track your mileage. The cost of your lease will depend on how much you use the car. Knowing how much you drive per year could help you better understand exactly how many miles your lease should include.
After sorting through your finances and setting a budget, it’s important to
compare offers
from at least three different organizations. Your first offer will rarely be your best, so comparing different quotes can help you save money by giving you a feel for your options and the price range you can reasonably expect.To make sure your Chrysler lease is as affordable as possible, try opting for the
Chrysler 300
or the Chrysler Pacifica
. Since they’re some of the cheapest leasing options from Chrysler, choosing one of them may leave a little extra room in your budget for add-ons or upgrades. But if you’re trying to keep your monthly cost as low as possible, consider skipping the add-ons.The final step: shop for insurance
Before you hit the road with your new lease, you’ll need to buy a car insurance policy. Unfortunately, insurance plans aren’t included in car leases, so you’ll need to compare quotes and find an affordable policy on your own.
Luckily, you can make the process fast and easy with
Jerry
! A licensed broker, Jerry can help you compare personalized car insurance quotes from over 50 top providers in minutes. Users save an average of $800+ a year on car insurance with Jerry—and it only takes a minute to sign up.
How much does a Chrysler lease cost?
While the exact cost of leasing a Chrysler will depend on a variety of factors, you can typically expect to get the best deals on the
Chrysler 300
or the Chrysler Pacifica
. On average, leasees with credit scores from 640 to 749 can expect to pay $801 a month for the Chrysler Pacifica for a 36-month lease. Alternatively, leases with a credit score above 750 will typically enjoy a lower monthly average rate of $749. It’s worth noting that the above figures do not include APR, which you’ll be expected to pay in addition to your monthly payment.
But specific leasing costs vary from person to person and depend largely on the following factors:
- Lease term
- Chosen model
- Add-ons or upgrades
- Negotiated price
- State sales tax
- Credit score
Aside from your monthly rate, most leases include down payments and acquisition fees that you’ll need to pay before taking your car. For a Chrysler Pacifica, you can typically expect an acquisition fee of $595 and a $1,000 down payment.
If you’re interested in the Chrysler 300, you can reasonably expect an average monthly rate of $908, an acquisition fee of $595, and a $1,000 down payment. While that may not seem much more expensive than the Chrysler Pacifica, remember that the $100 difference continues for the entirety of the 36-month lease and you’ll also be required to pay interest.
Key Takeaway Average monthly payments for a Chrysler lease range from $800 to $900 on top of monthly interest, but you’ll typically need to pay around $1,500 before you take your car off the lot.
What to do when your Chrysler lease is up
Whenever your car lease comes to an end, you’ll get to choose whether you’d like to return the car or buy it.
How to return a leased Chrysler
When you return your leased Chrysler, your dealer will inspect your car and charge you a return fee. Here are a few steps you’ll need to make when you return your Chrysler lease:
- Set an appointment for a car inspection with your dealer
- Repair any damage to your car that’s found in the inspection
- Pay fees for overdue services such as oil changes or tire rotations—typically around $400
- Pay a fee for any extra miles you’ve driven
- Schedule a return and inspection date with your dealer
Remember that almost every lease includes a disposition fee, which covers the cost of getting your car back on the road. Even if you’ve kept your car in great shape, dealers are required to inspect the vehicle, clean it, and run a series of tests before they can send it back on the road. In general, expect to pay around $350 for your disposition fee.
How to purchase a leased Chrysler
If a 36-month lease was all it took for your car to become part of the family, you can always work with
Chrysler Capital
to buy it. If you’d rather go through a private lender to finance your car, that should also be an option! Keep in mind that Chrysler will usually honor the agreed-upon purchase price in your lease contract.
How to find affordable car insurance for a Chrysler
When you lease or buy a Chrysler, especially a nice one, you’ll need the right car insurance coverage before you hit the road. Luckily, you can use
Jerry
to find the lowest available rates on the car insurance coverage you need,Just download our
trustworthy super app
, answer a few questions, and let Jerry send personalized quotes from over 50 top providers straight to your phone. From there, all you need to do is pick a plan and let Jerry handle the rest. They’ll help you switch plans, sign up for your new one, and even help cancel your old policy—no paperwork, phone calls, or headaches required.And if you have any questions about your insurance shopping experience, Jerry’s hands-on team of friendly insurance agents is only a call away.
“I was nervous to buy insurance for my first car because I had heard horror stories about the insurance prices in New York. After not even two minutes, I found four quotes fromJerryunder $125/month. By the end of the night, I was on the road safe and insured!” —Reuben R.
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Is Chrysler leasing worth it?
Deciding if leasing a Chrysler is worthwhile depends largely on your situation. If you’re just looking to use a nice car for a few years, then it might be a good option. But if you want a car for the next ten years that you plan to use for everything, you may be better off buying your vehicle.
What’s the cheapest Chrysler you can lease?
The cost of your Chrysler lease depends on many factors aside from the type of car you lease. Your credit score, lease term, and add-ons are all huge factors in deciding exactly how much you’ll pay each month. That said, the most affordable models to lease are typically the Chrysler Pacifica or the Chrysler 300.
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