Empower Your Team With A New RAM 1500 Pickup Truck Lease

Leasing a new Dodge RAM 1500 Pickup Truck is the perfect way to increase productivity on the job, at home and on the go. Not to mention, leasing a new truck is a great way to protect your bottom line.. But most of all, we make it easy! That's right.

Less stress. More luxury. Better prices. And no hassles. It's a win-win for everyone. And that's just the beginning. To find out everything you need to know about leasing a new Dodge RAM 1500, take a glance at our new Dodge RAM 1500 truck lease guide below.

Are you ready? Let's get started!

New RAM 1500 Truck Lease: Reduced Payments 

One of the key benefits of leasing a new RAM 1500 at River Oaks CDJR is that we offer reduced monthly payments with little or no money down. As a result, we make it easy for new Dodge RAM 1500 truck lease shoppers to save money today and tomorrow. 

In comparison to traditional financing, new RAM Truck lease payments are typically lower than car loan payments, because drivers are only expected to for the vehicle's depreciation during the lease 

New Vehicle Lease: What is a lease? 

Fundamentally, leasing a new truck is the leasing a new pickup for a fixed period of time at an agreed amount of money.  Below you'll find a list of key terms to know before leasing a new 2022 Dodge RAM 1500:
  1. Capitalize Cost
    Capitalized Cost is the agreed-upon price for the car. After deducting for any down payment and /or trade-in (capitalized cost reduction) , what's left is the leasing company's actual investment in the car
  2. Residual Value
    Residual Value is the official estimate of what the car will be worth at the end of a lease term. it's calculated as a percentage of the car's original MSRP (Manufacturer's Suggested Retail Price), then converted to a dollar figure.
  3. Money Factor
    The money factor-also called the lease rate, lease factor, or factor-is essentially the same as the annual percentage rate (APR) in a conventional loan
  4. Term
    The term or length of a lease is usually stated in months.
  5. Mileage Allowance
    The mileage allowance is how many miles the lease allows you to travel without fees.  This typically extends to 12,000 to 15,000 miles. However, you can always extend your lease mileage plan  if you need to.
  6. Lessee
    The person  who holds the lease of the car- You
  7. Lessor
    Lessors legally own the vehicle and  allow you to lease  the car

How Long Are The New RAM 1500 Lease Terms? 

The length of our RAM 1500 truck lease terms vary depending on the lease agreement between the lessor and the lessee. Broadly speaking, Ram 1500 truck lease terms range from short-term lease to long-term leases. 
  • Short-term RAM 1500 leases are typically 12-24 months 
  • Long-term RAM 1500 leases are typically 27 - 48 months 
For more information about extended RAM 1500 lease terms, we encourage Chicago truck drivers to contact our local Chicago Dodge RAM Truck finance center and speak with a specialist. 

What Kind of  Mileage Terms Can I Expect When I Lease A New RAM 1500 Pickup Truck?

Generally speaking, 20,000 miles is the maximum annual mileage, and 80,000 miles is the maximum overall mileage. Mileage driven beyond the contractual allowance will be assessed per the lease agreement. The charges will be applied to the cstomer's vehicle return invoice, and are billed to the customer upon the return of the vehicle. 

To learn more about the mileage associated with leasing a new Ram 1500, call or visit our local Dodge RAM Truck dealer near you. 

Can I Purchase The Vehicle At The End of My Dodge RAM 1500 Lease

 Yes! Absolutely. In many cases this option is referred to as a "lease buyout." Chances are, if you decide  to buyout your new RAM 1500 lease, you'll have the options of a residual value buyout, and a market value buyout: 
  • Residual Value Buyout: Many RAM 1500 lease agreements included a predetermined residual value, which is the estimted value of the vehicle at the end of the lease term. You can often choose to buy the vehicle at this predetermined price 
  • Market Value Buyout: Some lessees opt to purchase the vehicle at its current market value at the end of the lease term. This can be influenced by factors such as the vehicle's depreciation condition, and market demand. 
For more information, contact our RAM Truck finance experts. Our Chicago Dodge  RAM team can help you review your current lease agreement to understand your buy out options. 

Is Maintenance Included With My New RAM 1500 Lease

 At Napleton River Oaks CDJR we offer a series of competitive maintenance packages to help drivers keep their vehicle up and running. These packages can cover various maintenance services. In addition, we shoudl also highlight the new RAM 1500 warranty: 
  • 5-Year/60,000-Mile Powertrain Limited Warranty
  • 5-Year/60,000- Mile Roadside  Assistance Limited Warranty 
  • 5-Year / 60,000-Mile Corrosion Perforation Limited Warranty 
  • 3-Year/36,000-Mile Basic Limited Warranty

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