After getting a bad deal from a local VW dealer on my wife’s Tiguan (before finding this forum!), I shopped around for a Jeep Compass and ended up with more features for less money than I expected via Honcker… The best payment I could get my local dealer to was about $260 with $300 DAS for a Compass Latitude with no options. In Honcker, I found some Limiteds loaded with options for only a few $ more per month, and well below the mystic 1% rule:
Here’s what I ended up with:
2018 Jeep Compass Limited 4x4
with options: Sunroof, Power Liftgate, Sirius Nav Package, Compact Spare
(I don’t know how to correlate all the numbers from the lease agreement into the below categories, but I’ll try my best!)
**MSRP: $33,870 (including dest)
**Selling Price: $25,262 (after incentives)
**Monthly Payment: $272 (including 9% PA tax)
**Cash Due at Signing: $0
**MSD:0
**Incentives: Included $500 Truecar Jeep Incentive
**Months:36
**Annual Mileage:10,000
**MF:.00145 (approx)
**Residual: 55%
**Region: eastern PA
So while I didn’t dig into each and every component of the lease pricing for this deal, I knew I was getting a lot of vehicle for a better price than I could come up with using the numbers from Edmunds and Truecar, so I’m very happy! Without the app, I never would have known I could have afforded the Limited, let alone with glass roof and power liftgate. Not saying this is the best way to lease, but it worked out well for me.
As for my experience with Honcker, I hit “go” on a Sunday, had all the paperwork finalized with the dealer by Monday morning, and had the car driven to my house (about 1-1/2 hr from the dealer) on Tuesday. No haggling, and all the prices in the app were right there, taxes and fees included, which made comparative shopping easy.
The dealer also included 2 years of free maintenance (though at a bit of a distance, I don’t know if I’ll take advantage of that or not).
As for a deal to share, I do have a referral code Honcker gave me - if you put this code into your App under My Account/Promo Codes, you’ll get a free iPad Mini if you lease by the end of August: B67A3B54 … maybe it makes the deal you can get all the better!
Justin