Hello everyone, I need some feedback and explain what they did with the deal. Link to the vehicle in question. I dont know if this is good or not. I have no trade in. And this will be my first car.
https://www.brooklynchrysler.com/new/Jeep/2023-Jeep-Compass-cb3557e80a0e0a9a45d8ee00d22edcc4.htm
6 months later and you’re still looking for your first car? And still a jeep compass?
Are you looking for a good deal on a car, or a good deal on this car?
good deal on a car
It may be a good idea to advise your parameters. For example, I assume we are payment shopping here? Or would you sign the deal of the century on xxxx vehicle, although the payments are $2k/mo?
Stay under 400 per month. My budget
$17,115 to drive a penalty box for 36 months is a terrible value.
There are often some misconceptions around what leasing is and who benefits from leasing.
The people who benefited most from leasing were those who were going to drive BMWs, Mercedes, etc anyway and found leasing as a way to lower their TCO (total cost of ownership).
They could do so because they had the cash to put down MSD, had loyalty from prior ownership, or had corp/fleet from working at a select list of companies, knew about OL codes and had bought CCA membership, etc etc.
Leasing also benefited people who wanted … let’s call them toys for lack of a better word and again had the financial security to easily afford the overlapping monthly payments and insurance coverage on those extra cars. People who could pick up a Camaro V8 on a whim, an extra Mini to toss around, maybe even a Jaguar F-type.
What does a budget mean? Keeping a cap on expenses not just now but in the long run? Finding ways to build savings? That’s not what leasing does in this segment. A budget does not mean making auto payments every month forever. Nor does it mean spending $34,000+ over the course of a typical finance (72 months) and having 0 equity instead of $10,000+
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