Chase Auto Leasing gives you the flexibility to drive a new car with lower monthly payments and the freedom to upgrade more often. As one of the largest banks in the U.S., Chase offers a straightforward, accessible leasing process that has made this option a popular choice for drivers across the country. Here’s how it works.
What Is Chase Auto Leasing?
Leasing a vehicle through Chase is similar to a long-term rental. Rather than buying the car, you pay to use it over a set period—usually 24 to 48 months—covering the depreciation, plus any fees and interest. At the end of the lease term, you can choose to return the car, buy it at a preset residual value, or lease a different vehicle.
Chase Auto, the auto financing division of JPMorgan Chase & Co., serves as the lender for these agreements, partnering with dealerships to set the lease terms.
Each lease comes with an annual mileage limit—typically 10,000, 12,000, or 15,000 miles. If you go over that limit, you’ll pay extra per mile, generally ranging from $0.10 to $0.25 at the end of the term.
Key Advantages of Leasing with Chase Auto
Choosing to lease a car through Chase Auto instead of financing a purchase offers several appealing benefits:
- Lower Monthly Payments: You’re only paying for the car’s depreciation during the lease—not its full value—so monthly payments are often significantly lower.
- Little or No Down Payment: Many lease agreements require minimal upfront costs, making it easier to get behind the wheel.
- Drive Newer Cars More Often: Lease terms last just 2–4 years, letting you enjoy the latest models and technology more frequently.
- Warranty Coverage: Most leased vehicles stay under the manufacturer’s warranty, so many repairs and mechanical issues are fully covered.
- End-of-Lease Flexibility: When the lease ends, you decide whether to return the vehicle, purchase it, or lease a new one.
- Chase Digital Services: As a Chase customer, you’ll get access to a full-featured online platform to manage your lease, make payments, and track your account—all in one place.
