Please see attached lease deal from a Jeep dealer who I’ve worked with several times in the past. Dissappointed to say the least after I worked with the same sales person for years and they’re unfortunately no longer there…
Thoughts on a 12K 3 year deal?
A good $5000 overpriced.
Certainly not worth rolling $5500 of negative equity into
the discount is an insult. are you returning a car early?
Yes, lease runs until the fall. Not sure why they are factoring in remaining payments?
Why wouldn’t they? You can’t just not pay the rest of the lease.
I believe they have with previous deals.
You are responsible for the remaining payments. They may eat 2 or 3 but not over $5000 worth. If it’s being returned in less than 6 months, how do you have that much left in payments?
They either bought out your existing lease and rolled in the equity (be it positive or negative) or rolled in the remaining payments. They never made it just disappear.
Makes sense. Actually my lease has more than 7 mos left at $525.
What is the money factor in this quote?
Impossible to say from the information you have provided.
It also doesn’t matter. This deal is miserable with a marked up mf or at buy rate.
buyout on current lease is $34,200.
is the deal terrible separate of the remaining payments?
Yes, it’s horrible
just for my info, i know the price is high - 3% discount off msrp and residual seems high.
anything else that i should keep an eye out for? thank you for your help
38% is low and one of the worst I’ve seen for a 36 month lease.
24 months is the best program on these.
Lose this dealer’s number. Work out a strong target deal and start making offers or reach out to some brokers. Either options is going to save you like $5000 over this garbage.
sorry, meant to say low
