If you finance or lease the vehicle isn't yours it's the banks. Unless you pay in cash the only real difference between a lease and a finance ( NOT a buy-misnomer), is you pay more now or more later or nothing later. People are fooled thinking they own it when they finance it. Leasing or financing is technically no different.I leased once 22 years ago; never again. I don’t like driving around in a vehicle that ain’t mine.
With social distancing and working from home, I barely drove 2,000 miles in my JL over the last 12 months. If I were leasing this Jeep, it would go back with only 1/4 of the miles I paid for. I’m sure there would be an adjustment in the equity of the vehicle to reflect the low mileage, but whatever money FCA doles out wouldn’t even pay for the tax on the next vehicle.
I used to trade in my Jeeps every 2-3 years, right before the warranty ended. But at this rate, this Jeep is going to have barely 10,000 miles when the three years are up. It would be a waste to trade in a vehicle with such few miles. Especially when it hasn’t given me any problems.
Provided I go back to market by 2025 or 2026, I’ll probably give some sort of hybrid powertrain strong consideration. Hopefully, 4xe had all the bugs worked out by then.
Working from home is a game changer; I have to adjust accordingly.