First time leasing and I want to know opinions on whether I got a good deal or not. I leased a 2019 Jeep Grand Cherokee Laredo E 4x4. Here are the figures. This was in Boston, MA.
10,000 yearly mileage
36 months
Zero down
$1500 in fees plus first month paid at signing
Yes. Kind of regretting not trying to negotiate MSRP but the rebates were so much better than other dealerships I had talked to so I just rolled with it.
I was shocked/confused by the residual myself but I didn’t ask any questions about it cause obviously it was in my favor… here’s a screenshot of an email they sent me giving the details for the lease terms for a Laredo E and a Limited. The limited was a good deal as well I think, but I opted for the cheaper option in the end. I don’t have the contract with me right now but could send that later if you’re curious. Nothing was written incorrectly in my original post. But I have a feeling they really wanted to move their 2019 JGCs and hooked me up with the rebates/incentives (they didn’t even say what they were, just that I qualified for all of them, and that everyone qualifies…).
Keep in mind Jeep uses soooooo many banks so the residual and MF will vary greatly. In MA, each dealer uses at a minimum 3 banks (Chrysler, USB, and Harbor One)