Today I just walked out of a dealership is Tampa FL, I got it down to 899 a month with 1k down
MSRP was initially 81k but with all incentives and discounts they took off 16k so it went down to 65k money factor was .0019 and the residual was 50% with only 10k miles a year for 38 months
I really wanted a payment max of 800 a month due to purchasing my home next year and 0 down, but they were not able to do that for me.
I walked away and let me see what other dealers had to offer
What’s so special about these that’s worth paying $35,000 just to lease and turn in?
All its competitors are like 50k plus tax to buy and some of them hold value really well. How on earth would your cost of ownership approach $35k on any of those?
I kinda had this argument the other day…people like the huge discounts off the inflated MSRPs…makes them feel like getting a deal. The best reasons for Jeep were if towing or truly going off road…if not doing that (90+% of people) other alternates probably make better financial sense.
Yeah, base 4xe low 60s get 5-6% off and another 12-13K incentives you are in high 40s? If not using for tow or offroad Tucson/Sportage hybrids are almost 10K less expensive.
For me wife has X3 now so want similar interior/cargo room…plus want some kind of HP/torque…4xe has big advantage there. A lot of gray area in comp…if cargo space both Sportage and Tucson actually have more than the GC…also assuming don’t want or need 3rd row which is us too.
I think the new Tucson/Sportage are closer to midsize SUV than compact now also.
But people should get what THEY like and want! I’m just saving $$$ on features my wife couldn’t care less about…if it were for me I’d lean more to 4xe for sure.
There is absolutely no reason at all whatsoever to sign that deal, none!
Leasing a Jeep Grand Cherokee for $900 a month could be considered a high monthly cost. However, whether it’s a good deal or not depends on various factors such as the specific trim level, lease terms, the vehicle’s MSRP, and the current market conditions. It’s always best to compare the lease offer with other available deals and check if it aligns with your budget and preferences. Additionally, ensure you understand all the terms and conditions of the lease agreement before making a decision.
For almost every car the top end trim is for people that are ready to pay extra just to get the top trim. Doesn’t really align with good deal seekers.
I test drove one and got a base. Interior/seats technology are superior in the Summit Reserve but the juice in my opinion is not worth the squeeze.
Monthly for a summit reserve I think you could lease a Mercedes/BMW/Audi and possibly get some decent service. Keep service sucks based on my experience.
Thank you guys for all the feed back! I also think that makes no sense for a Jeep GC to be in the 900s, but to be honest it has great features that I love like the massage seats, the passenger display etc, things that others like mercedes BMW wont have at a lease of 800 a month, you would just pay around 1k a month just to have the car with less features… but at the same time im a realtor and been doing well so I guess im kinda looking for that “realtor successful look” that a german car would give me, but idk im still brainstorming and looking around! Thats why I came out here for advice! Appreciate everyone!
Unless you have the rear entertainment package and your passenger is using it to control the output for the kids in back, it just takes up space and attracts fingerprints
Things you listed are available on Overland or Summit too.
There is no real good reason to go all the way to Summit Reserve unless you really want Palermo leather over Nappa leather.
I just came across a Jeep dealership that is telling me since the MSRP is 81k and they are willing to give it to me for 65K, after a 1 year of the lease they will buy it back from me, end the lease with positive equity, get that money and get another lease then…
Will that damage my credit score? Has enyone ever done that?
Towing your car out of your driveway for nonpayment, that’s a Repo
BUT I don’t think your Jeep will have Equity after 1 year. It’s not a Honda or a Toyota after all.
Yes, thousands of us have sold a leased vehicle back to a dealer before the end of the lease. There is thread after thread on here about doing just that.
No, it does not damage your credit or count as a repo. It’s no different than selling a financed vehicle to a dealer. The dealer pays off your account, you get a check for any positive equity, and your account is closed in good standing.
