I was recently promoted to a position that comes with a vehicle. Unfortunately, I also recently signed a lease (July 2023) for a 2024 Jeep Wrangler Willy’s (four door, hard top, heated seats/steering wheel, etc.). The lease was for 36 months, 10k miles/year at $553.40/month through Stellantis Financial Services. The vehicle currently has 2600 miles and will probably not see many more until I can get rid of it.
I initially thought that trading it in would make the most sense (the dealer payoff is $47,000). Unfortunately, I live in Metro Detroit and the vast majority of people here qualify for some kind of discount on a new purchase, so the trade offers I’ve received have required more out of pocket than I am comfortable with at this time. I contacted Stellantis Financial Services about potential lease takeover stipulations and was told that they plan to offer lease takeovers but have not implemented the option at this time. They do allow for third party purchases, and I was quoted $50,041.96 with taxes and fees included for someone to purchase the vehicle.
Obviously I know that holding the vehicle is an option, but if there is anything else I should be considering please let me know! Thank you.