Found a great 3 yr lease deal on a 2024 Wrangler 4xE due to a ton of rebates ($15k) and 12% off MSRP. I’ll spare the deets because I am not so much concerned with the lease deal. Rather, I’m considering an early lease buyout to take advantage of these hugely favorable discounts. It’s either that now or I will embark on a similar buy out to get out of the lease after 2 years bc I will be getting the Rivian R2 in 2026. Any drawbacks to a lease buyout after 1 or 2 payments? Other than the obvious concerns with the 4xe and reliability because I know I will for sure not have this car after 2 years.
You’re trading off paying more rent charge for the ability to let the bank own the depreciation risk. You also have the extra tax liability of the sales tax on the buyout you have to factor in. If you’re only keeping it for 2 years, you’ll want to look at how the money you’ll save in rent charge compared to financing compares with the extra tax you’ll pay. I suspect you’ll find that it doesn’t save you much to do so vs just having a dealer buyout the lease when the time comes.
Likely around low to mid 40s depending on how the market fares in the next couple years, I suspect the buyout price will probably be +5k what the market value shows.
It just seems like a no brainer when you realize that the MSRP is $73k and the price I negotiated after dealer markdowns and rebates lowered that to $48k. Buying a brand new top of the line PHEV Rubicon for just $48-50k is just so tempting…idk seems too good to be true. Lol.
The discounts are favorable because without them they don’t sell. I’d target whatever trim of 4xE leases the best and get the payment as low as possible. Just lease it and walk away at the end, I highly doubt it’ll have any equity and why tie your money up in a questionable Stellantis product. Be careful with the Rivian too, they are depreciating hard and fast now.
Leasing is the way to go. If you buy out now and sell it in 2 years you will probably owe more than what’s its worth. No point in buying when you can lease it for 2 or 3 years.
Why did you lease for 36 months when you knew you were going to get out of the Jeep in 2 years. There are favorable terms on 27 month leases as well as 36 months. Whatever you do, don’t buy out the lease until you get to the 24 month mark. That way you will know exactly how much you owe to get out of the lease early. If you buy the vehicle, you take all the risk. You would have to buy the vehicle and finance for 36 months to get anywhere near breakeven in 2 years. I have a year left on my Jeep GC4xe and it is already worth about $5K below the residual value. I will be happy to let the bank eat that difference.
I want a Wrangler - the 22 EV miles are perfect for my commute and the off road capability helps with my occasional overlanding. Trust me, I have looked for a similar combination of EV and off-road worthiness and right now, the only competitor is Rivian.
I will say that the prices on the 23s and olders did take a noticeable drop with the refresh on the 24s, so looking at a 22 on carmax may be a lower than one might expect out of a 24 in two years. Probably not horribly far off though.
