Year, Make, Model, and Trim: Jeep Gladiator Sport S
MSRP: $46810
Sale Price: $40500
Monthly Payment: $247.96
Drive-Off Amount: $1244.79
Months: 24
Annual Mileage: 10000
MF: .00105
Residual: 75%
Incentives: $2500 ($2000 lease cash + $500 bonus cash mailer)
Region: NorCal
Leasehackr Score: 15.3
Leasehackr Calculator Link: Leasehackr Calculator - Hack your next lease | Leasehackr
After dealing with FCA dealers for the last two weeks I finally got this. The biggest part of the drive offs was the $634 California extortion fee. Some also call this a āregistration feeā.
This is awesome, and pretty similar to what Iām about to do if you adjust for term and subtract my negative equity idiocy. Mine is going to be cheaper MSRP though. Thatās an awesome job, I couldnāt touch that discount on a similar MSRP and I tried really hard today before saying yes to the deal I have. Nothing is official yet though!
Iām almost 4,000 off sticker on mine but they wonāt budge past that. At some point I need to just realize itās still a good deal if I really want the truck.
@jeisensc alluded to things like stair step bonuses, etc being suspended for some dealers, so my suspicion is that there is some sort of rollover/carryover in play here. Maybe this was literally the last car they needed to get their bonusā¦ Eventually once everything is sorted out. Just my hunch, for whatever it is worth.
Some on this very message board have called my allusions āunsubstantiatedā so please take what I write with a grain of salt, your mileage may vary, I am not a lawyer, not responsible for unintended side effects from off-label use, any forward-looking statements may be unsubstantiated.
In another thread today someone was shocked a dealer might not take a loser deal because fixed overhead expenses.
Sales pays the labor. Service pays the bills.
January and February happen every year. 0 customers and bullets in finance are the norm. Dealers keep cash reserves.
As others mention regularly, several dealer groups are in the Fortune 500
itās not a lemon-aide stand: you donāt have cash out of pocket for your floor-plan (consigned on credit), you donāt take the loss until you sell the car. There is no incentive to sell today for double digit % less than expected today vs pay floorplan (effectively 0
But for the loaded up passenger car on the sales floor, wearing a price is right tag, about to have itās third birthday)
Many manufacturers are still not running. Theyāre not accumulating a surplus of cars which means they donāt have to pay those stairstep bonus is to keep moving the metal. Turn and earn.
Car was sold by dealer on the Peninsula, factory bonuses are paid out this month irrespective of dealership hitting any bonus. They donāt do it that often but they did do it this month. Leased vehicle invoice was $44956 so this is an excellent dealā¦ Congrats and enjoy.
What am I doing anymore, I have an O chem test I need to do rn, itās due at midnight, itās open book, and I can cheat as much as I want, why am I hereā¦
Yeah I have no idea why they were discounting so much but Iām not complaining. Interestingly, the dealer has two other very similar Sport S with $6000 discounts advertised online. Someone might be able to replicate.
