Chrysler Financial recently announced that we will no
longer offer leasing as an option for our customers. Rest assured this decision
has no impact on customers in current Chrysler Financial lease
agreements or lease agreements offered by other providers. We remain committed
to providing our customers with a personalized, worry-free financing experience
and look forward to offering the best possible vehicle purchase finance options
for your future financing needs.
Following is a list of answers to
frequently asked questions about the changes to our finance programs:
Q. Why is Chrysler Financial exiting the leasing market? A.
The industry-wide economic conditions that made leasing popular in the past have
changed, to the point that we can no longer offer affordable lease payments for
customers.
Q. When will the change take effect? A. As of
August 1, Chrysler Financial will discontinue offering new lease products in the
United States and we are fully dedicating our resources to developing the best
possible vehicle purchase finance options for our customers.
Q. I
currently lease, will I be affected? A. As a current lessee financed
with Chrysler Financial you will not be affected by this decision and the
terms of your lease agreement will remain in force. Chrysler Financial will
continue to support and service current Chrysler, Jeep and Dodge lease and Plus
contract customers throughout the term of the lease. Likewise, if you lease with
another finance company, our exiting the leasing market has no impact on your
current agreement.
Q. I'm nearing the end of my current lease, what
should I do? A. Visit chryslerfinancial.com for an overview of your lease-end
options or talk to DCH Chrysler Jeep Dodge about financing your next Chrysler, Jeep or Dodge
vehicle.
Q. Will I have to pay a lease turn-in fee if I can't
lease with Chrysler Financial again? A. We want to keep you in the
family. If you purchase a new Chrysler, Jeep or Dodge vehicle or if you decide
to purchase your current lease vehicle, we will waive your turn- in fee.
Q. What is the difference between financing the purchase of a vehicle
vs. a lease? A. With a vehicle purchase, the vehicle title is in your
name and your monthly payments count toward the purchase of the vehicle, so once
it is paid off, it is yours. There are no mileage restrictions, and you are free
to accessorize and customize the vehicle to your preferences. In addition, you
have the opportunity to trade the vehicle at anytime vs. the fixed term of a
lease.
Q. Will my monthly payments be more with a vehicle purchase
than when I was leasing? A. Chrysler LLC and Chrysler Financial are
committed to providing competitive financing options in the market place. An
example of our current financing deals available includes a zero percent APR
purchase contract for 72 months on Chrysler Aspen, Dodge Durango and Ram, Jeep
Commander and Grand Cherokee models. Our goal is to offer vehicle payments
similar to those available with a lease product.
Q. Can I still get
my loyalty incentive? A. Yes. Returning lease customers who purchase an
eligible new Chrysler, Jeep or Dodge vehicle can receive up to $750 owner
loyalty incentive in addition to any Chrysler Financial Bonus Cash on select
vehicles. This can be used in conjunction with our aggressive APR programs to
lower your monthly payments even more.
Q. If I still want to lease a
Chrysler, Jeep or Dodge vehicle, can I? A. Your local Chrysler, Jeep or
Dodge dealership can provide you with financing options to enable you to make
the best financing decision for your particular needs. That may include a lease
contract through lenders other than Chrysler Financial.
Q. Where is
the industry going with leasing? A. Due to the current economic
environment, finance companies, banks, and other finance sources will be
offering fewer lease products to consumers.
Q. What if I have a
question that is not covered in this FAQ? A. If you have a question about
your current lease agreement with Chrysler Financial, you can contact our
Customer Service department. For questions about financing your next vehicle
purchase, visit DCH Chrysler, Jeep Dodge of Temecula.
