Works out to $9200 for total cost of 24 month lease, or $388 per month. With that finance setup you might as well do a 1-pay lease (i.e. you pay everything up front) and save more money.
Need to find more info about the vehicle, what is the sale price? Also with Jeep they can use multiple banks for leasing, who is it with? They’re probably rolling incentives in which you don’t qualify for.
For $9300, you can get a $50k Alfa Stelvio, so, no, not seeing the value here. If you want a Jeep, get a Grand Cherokee for $80 less per month than that Compass.
What state are you in?
Thanks so much for your reply.
I am in New Jersey.
Check Honcker. Good Jeep deals in NJ on there.
@ajgraham, thanks for Trophy Garage info. That is insane deal. I will try to see if I can talk to dealer about that kind of deal. Effective payment of total 5532 over 3 year period with calculator score of more than 16 years. That is great. Wow.
Just keep in mind the one in the ad you posted is $5k higher msrp than the one in the trophy garage.
And whatever you do, dont show dealer the LH trophy garage 
Yes…I noticed that. I am wondering if there’s any specific way to bring down msrp? I am planning to email the dealer and ask for best possible deal and my desired monthly payment and see what he comes up with…
You can’t bring down MSRP. That stands for manufacturers suggested retail price. You can bring down SELLING price and/or choose a vehicle with a lower MSRP.
I was just in the market for jeeps in NJ and got 2 Grand Cherokees recently. Got great deals
Very good …congratulations.
I got quote for compass 2018
Which is 226.12 for 27 months and 2553 down.
Not very sweet as some others.
I countered back with request for a better deal.
Let’s see.
Thx for your input.
The deal I m offered is as follows:
2018 Jeep Compass Latitude 4x4
Desired Vehicle MSRP: $25,390.00
Lease Term: 27
Lease Miles: 12,000 per year
Rebates & Incentives Applied: $6,000
Lease Payment Breakdown
Payment: $212.07
Monthly Tax: $14.05 at 6.625% tax rate
Total Monthly Payment: $226.12
Due at Signing Breakdown
First Month Payment: $226.12
1st Year Estimated Registration: $242
Documentation Fee may vary: $399.00
Capital Reduction Down: $0
Bank Acquisition fee: $695
Tax on rebates and cap reduction: $397.50
Service Fee: $595.00
Total Due at Signing: $2,553.04
You don’t simply request a better deal. The dealer has little incentive to do much for you.
If you want a great deal, you have to control the deal. You have to know exactly how much of a dealer discount you’re looking for, and directly ask for it. You have to know the appropriate residual value, money factor, and everything else. You ask them for the dealer discount before incentives, and they either take it or leave it. And because you’ve already entered all the appropriate numbers in a lease calculator, and you know all the incentives you qualify for, you know exactly what the final figures will be if they say yes to your request for the dealer discount.
There is no $399 doc fee or $595 acquisition fee required. That’s $994 right there that needs to come off the deal now.
My deal is going to be hard to replicate because the dealer discount was extraordinary. But it can be done, and I’m hoping someone here can even beat the deal I negotiated because the Altitude trim has a higher RV (.55 RV) than the Latitude model I leased (.54 RV). I wanted a specific color combination that was only available as a Latitude model.
Pearls of wisdom here…
This is my 2nd -3rd day in the forum and learning lot. Already got better lease offer than the original one I posted. Thanks Wimbledon for great advice. Hopefully eventually I ll learn and know enough to negotiate like you guys.
Thanks so much…
Not sure why you say there is no acquisition fee required. That is charged by the lender and can’t be waived by the dealer. If you’ve ever seen it taken off, I’d bet they simply hid it elsewhere (like in the selling price).
The $595 that does appear to be BS in your deal, Sid, is the “service fee.”
595 is the service fee by dslleasing dot com
they sent me this deal.
its better than one I previously found but not the best. Other locsl dealer acknowledged today by phone but today being holiday the regular guy will call/email me tomorrow.
If you are going to pay a fee, hire a broker from this site. Cheaper than $595 and would get you a better deal than that, I’m sure.
well, I did not know they charge this much. I actually opted for their zero fee but when they sent me the deal it had service fee listed.
I think I ll continue to educate myself here.
My first 3 cars I purchased. first one was 2nd hand camry, which was good. when it retired I bought a minivan sienna for zero down and mercedez few years later but lease provides better option of driving different car every 2-3 years which is now my goal.
And it hurts to see my mb e350 went downhill in value just after 3 years and I paid so much for it.
If you’re not in a rush for the vehicle then take it slowly, read up here, research the market for the vehicle, compare to other vehicles you like. That way you learn some useful skills for the future as well.
If you’re in more of a rush then brokers here are much better than most of the companies out there, you can read their reviews and discuss your requirements.
I m in no rush, so will take time to educate. Did not know that there are brokers here till Qbrozen mentioned. In the interim if I come across something really good, I ll try to get it.
It is interesting and there are some great deals in trophy lease forum which folks managed to accomplish.