Hope I got a good deal! Jeep Grand Cherokee Limited 2018

Here it is

2018 Jeep Grand Cherokee Limited 4x4
White
Black interior
Add ons are NAV u connect 8.4, blind spot, and sunroof
MSRP: $44,475
Selling price: somewhere around $40k
MF: 0.00008
Residual: 54%
39 months/ 10k miles

$429/month, $957 down (includes one payment and fees)
I also have 3 Lexus payments left on my current lease at $486/month which were “taken care of”

Signed but didn’t pick up yet
Let me know if this was a good deal
Not easy negotiating as a lady and all alone :):grinning:

Looks decent, GC’s generally don’t lease well. Considering it’s end of the year I would expect a bigger discount.

1 Like

Really?
So where would you say I should’ve been at?
In the 3s?

not a bad deal considering the negative equity in the lexus

total lease cost = (429 * 38) + 957 + (486 * 3) = 18717

adjusted monthly is 18717 / 39 = 480

480/44.5 = 10.8 LVR (not a 1% deal but good overall)

1 Like

Only thing I can say is rx350 and gx460 are leasing well, so did you look into staying with Lexus?

1 Like

Define LVR please
And 1% deal

Are they leasing well enough to be in the 3s or low 4s?

3s probably not unless it’s a Laredo but low 4s yes. December incentives might be slightly better than November’s, maybe an additional 500 off.

1 Like

I am not paying for the rest of my Lexus lease
They claimed they deducted it from my selling price after adding it in originally

Not sure how the market is where you’re at but I recently got into a 2017 Lexus RX350 for $1600 cash due (fees and first months with $0 down) and $350/m + tax. I’m in Socal.

I can send you more info if you’re interested.

Really!!
My friends Dad owns a Lexus dealership and gave me the NX for 485/month $0 down
I can’t imagine the RX being that cheap

I’m in NY

i would love the specifics, thanks, I’m in so-cal too

Ebony have you spoken to any Lexus dealers in New Jersey? I would wait to see December #s and try to replicate a deal on an rx350 that has been posted here. I say New Jersey because they allow msd’s.

Not really a Lexus girl honestly :slight_smile:

LVR = lease to value ratio
http://monthlycarlease.com/car-leasing-terms/lease-value-ratio/

On this forum, they refer to the 1% rule of thumb
msrp * (0.01) = monthly bogey

total lease cost / (#months of lease) = adjusted monthly cost
compare to bogey and see where your deal ranks

btw, someone is paying those last 3 lexus payments. i bet they added it in somewhere

1 Like

The dealership is most likely buying out the car lexus has some value when getting out of a lease.

1 Like

You should be able to get the RX base (45k) MSRP in the High 3s.

That’s all fine if…you want a RX.

1 Like

Yea the RX reminds me of an auntie or uncles car lol
No offense to those of you who love it

Signed for the JGC so :woman_shrugging:t5:

I calculated Just over under 1%