A vehicle lease is a flexible option that’s ideal for many drivers. If you’re thinking about leasing a dynamic Jaguar I-PACE, you may have questions about the process. This guide goes over the key areas to think about with your Jaguar lease:
Your Budget
The first thing to consider is how much money you have to spend. Unlike financing, leasing doesn’t require a down payment, though there will be some initial fees. It’s mostly important to focus on what you can comfortably pay every month. A good rule of thumb is to not exceed 10 percent of your income for car expenses. A trade-in vehicle can help you cut your costs.
Your Timeframe
The next area to think about is how long you want to lease your car. Generally, people lease a car for 36 months. You may be able to get a lease for as short as 12 months or as long as 60 months. It’s important to remember that with a shorter lease, your monthly payments will be higher.
Your Mileage
When you buy a car, you can do what you want with it, for the most part. The same isn’t true with a lease. All lease agreements come with a yearly mileage restriction, and you will be assessed a fee for every mile you go over. Typically, the limit is between 10,000 and 15,000 miles, and it’s important to know this number ahead of time. If you plan to drive more than the allotted number of miles, financing is your better option.
If you’re ready to lease the Jaguar I-PACE, Jaguar Northfield makes it easy. So easy that the entire process can be done online or over the phone. Once finalized, we can bring your vehicle out to your home so you can enjoy your new Jaguar vehicle on your own terms. Contact us today!
