Location: Bergen County, NJ
New Vehicle - 2016 Jeep Grand Cherokee Limited 75th Anniversary - MSRP $44,620
Trade-In - They gave me $26,000 for my Jeep Wrangler on which I owed $22,000. This gave me $4000 in equity…
Lease Term - 39mos
Mileage - 15k/yr
They took $1,000 down from my trade-in equity and offered me the lease at $460.88/mos and cut me a check for the remaining $3,000 in equity.
How’d I do?
Uh…you have a new vehicle? There is no information to go on here.
What do you mean? What is the new car the lease is for? It’s the subject as well as the “New Vehicle” referenced in body.
I mean there is no information to assess the deal. Need all info on trade in and all info on the new vehicle lease. Cap cost etc. But as many others have said, if you’re happy with it, it doesn’t matter what anyone else says!
I’m comfortable with the value of the trade in… more specifically the lease deal which included $1,000 down. I suppose I could have left that out of the equation.
What info would you need on the lease? Money factor? I (potentially wrongfully) presumed even without those values the end number could be considered good or bad…
I personally have no quality comprehension if this post is accurate or not, but using it as reference to how I assumed it may be possible to assess the deal without further details.
http://www.realcartips.com/leasing/0439-good-lease-deal.shtml
Selling Price, Money Factor, Disposition Fees, Taxes, Docs Fees, which package etc … those are usually the information that Leasehackrs need to assess how good of a deal it was.
If you are comfortable with the deal, then you don’t really need approval of members here.
I am assuming you got a deal from CAL Automotive since it’s a 39-month lease offer and Chrysler Financial does even number of months such as a 36-month lease, etc …
It seems a bit on the high side, but it’s hard to tell why without knowing some details such as the mf, residual, incentives, and selling price.
You have yo post all details. I leased my wife’s jeep woth MSRP of 44900 in 2014 for 460 with 600 down in NY. Looked to lease one this month was offered 399 a month, 1000 down with 10k a year. MSRP was 42,900. So its not a bad deal but its not an awesome deal either.