Looking for input on this possible lease and where I can do better. I’m located in CT. I’ll definitely decline vin etching, are the others fees negotiable besides tax? There is $1750 in incentives.
https://leasehackr.com/calculator - I did the calculator but I think I did it wrong.
Jeep does show a 24/10 lease for $399 (excluding fees) and $3600 down on their website I’ve never leased before so trying to figure out if this is the best option for me. Thanks!
Manufacturer “deals” like this are meaningless, they exclude all taxes and fees and are typically on base models so it’s apples to oranges. Forget you ever saw it.
Your best bet with the fees is to not try and nickel and dime them over each line item but rather do some research, come up with your overall target price (payment and DAS) based on that MSRP, then just tell the dealer you’ll sign if they can get there. They’re not going to remove the doc fee and doubful on the VIN etch but they may be willing to discount the selling price further.
But again do some homework first so you know what you’re asking for.
And finally on anything Jeep you really need to compare this to broker deals offered in the Marketplace.
This is the worst time to lease in the history of automotive leases. Why now?
I know! I’m not sure what to do. I have a 2008 Mazda CX-9 with 146k miles. It’s been having some issues, I’m trying to hold out but I’m afraid of being left stranded with kids. We usually buy a CPO of lease and keep our cars forever.
Now is not the best time to get a car. Perhaps if you wait till the 4th quarter there will be more discounts in the market, especially Jeep/Stellantis products.
Perhaps you can ask a broker for their in-stock units. What state are you in?
Hi, yes we are considering waiting it out and crossing our fingers. I’m in CT.
Thanks for your guidance/advice.
Maybe @AutoCompanion and @Bostoncarconcierge has a car for you. Good luck!
Alicia, shoot me a PM. I’m in CT as well and can steer you in the direction to a dealership who will be as transparent with you as possible. Client of mine is the GM.
Keep doing that. Buy and finance something reliable like a Toyota Highlander.
Hey all! I just wanted to share a deal with you that I am about to take on a 2022 Jeep GC Summit Reserve (NOT L) V6. I wanted to know all of your thoughts and see if you think anyone could do better? I have reached out to every single dealership that has the car I want and only one of them was able to get me the deal I want. All of the other dealerships seem to think that it is too good to be true, but I spoke with the general manager and it’s legit! I have it all in writing! We are scheduled to pick up the car on Sunday and have already completed some of the initial paperwork. The deal is as follows:
2022 Jeep Grand Cherokee Summit Reserve (V6)
MSRP: $70,380
42 months with 12,000 miles per year
TOTAL OUT OF POCKET: $6,500 plus first months payment and DMV (roughly $7,500)
$755/month
I know that seems like a lot of money out of pocket, but I got a check for $7,200 from the equity in my current lease which wasn’t set to expire until February of 2023. To me that $7,200 is unrealized money that we would’ve never had if it wasn’t for this market so I am FINE with using that as a down payment.
So $39,210 to lease a $70,000+ Jeep for 3.5 years seems pretty good to me…no?
That’s nonsense. Money is money.
People made and lost tons of money from the pandemic. Homes, stocks, bonds, etc. Compensation changes, promotions, etc because coworkers or bosses simply quit.
Either blow all your net worth increase from the pandemic, or blow none of it. None of this compartmentalization nonsense of how “lease equity” is somehow different from all the other fluctuations of net worth.
For $6500 you can buy a beater. Don’t put $ down on a lease. You will lose all that money if you get into an accident and total the car. Just pay the TT&L and perhaps the 1st month’s payment at signing. But from the #s that is not a great deal. You are effectively paying $909/month for 42 months.
As max_g says money is money. You can invest the $6500 more wisely.
Consider Honda Pilot SE if you’re not a must on the jeep. $1500 off sticker and you’re at $530-560 a month depending on taxes with only first down. I just got one
42 mo lease too? Given the fragile nature of some FCA products you’ll be out of warranty for 6 months…a risk IMO.
And yes 40k to drive a Jeep for 3.5 yrs is ridiculous. You can buy something reasonable CPO for that amount and still probably be worth 20 at the end of period. Imo
How does that sound like a good deal to you?
How is that car worth $70,000+? All competing vehicles top out at 50k.
The summit reserve is over the top…it competes with the big dogs. I think it’s a direct rival to the range rover sport and mercedes GLE.
The warranty is 5 years I thought?
Only 3 yr/36,000 mi basic…5 yr/60,000 mi powertrain.
You will also probably be throwing away 6 months of lic/reg fees.
First of all, I would suggest creating your own post.
Second of all, post a link to a calculator.
You are missing lots of info such as the sales price ( discount off MSRP), incentives, MF and RV.
