I should mention that not certain on a few of the amounts I entered into the lease calculator:
Money Factor - that number seemed to auto populate. I also couldn’t seem to find it anywhere on my lease documents.
Residual Value It looks like I have two Residual Values listed on my documentation (Section 8, Part D & Section 13. Also, is it based on the sale price of the car, gross capitalized cost, or adjusted capitalized cost? Right now I just left it at what it defaulted to, 60%.
You came in under the 1% with $232 a month payments and $314 due at signing/36 months which puts you at about $241 a month. The only gripe is that it’s a Jeep Patriot and for that reason I would like to offer you my condolences.
Not bad at all!
What’s the point of this 1 year after the fact?
Haha, I’ll admit it’s not my favorite car I’ve ever driven, but it’s been fine so far. I’m still tempted to look for a lease pull-ahead once hit 24 months to see if I can upgrade to something like an Equinox or Subaru. I’m not too picky on cars, so any mid-size SUV (or full) that I can get a similar deal on I’d definitely be interested in.
Also is the 1% the benchmark for a “good” lease on here? and it’s calculated on the 21K Adjusted Capitalized Cost, correct?
There’s no lease pull ahead when switching brands and most certanly not a 12-mo pull ahead. Most pull ahead programs are around 3 months to get you out of your current car early by signing you up for another lease of the same brand.
because I just started following this site recently and it made me interested to look back at my lease from last year to see if there were any mistakes that I might have made in my negotiating that I can try and learn from for my next lease.
1% is a good rule of thumb, seems like you achieved that. In return you’re driving a car you don’t really like looking for a way out. So yes, pretty good deal but Is it when you don’t like the car? Only you can answer that
Is it called something different sometimes? My wife was 14 months out on her Toyota Rav4 from West Herr and just signed a lease today for Chevy Equinox today with West Herr Chevy.
Dealer will payoff your car and any negative equity will be rolled into your new lease. There is no freebie to be had, they like to disguise it with all sorts of sales jargon but at the end you pay for it unless it’s a true pull ahead program by the same brand, but like I said those are typically around 3 mo. Benz has had 6 mo pull ahead, but I haven’t seen one that’s a 1 year
I do like the car. I drove a GMC Denali before this so it was a bit of a downgrade for me which I guess is why I said it “wasn’t my favorite car” I’ve ever driven, but I don’t really have any complaints about it.
And I’m not looking for a way out, it’s just that I started following this site recently and pull-aheads intrigued me a bit. Realistically I’d probably wait until 6 months out until I actively pursued something, but browsing this site and seeing other deals that pop gives me more of an itch to at least start looking at what else it out there.
you will learn a lot following this site I suggest you keep following these deals to learn the ins and outs of leasing while you wait for your patriot lease to end so that you are ready to jump on a great deal when the time comes.
There’s no lease pull ahead when switching brands and most certanly not a 12-mo pull ahead.
Then what is this? I’m really not trying to disagree, just genuinely curious. I’m guessing there’s some catch, but wouldn’t “Any make or model” imply that the lease you are pulling ahead doesn’t have to come from that dealership?
Will need to see the whole small print
Misleading … the 15 mo is irrelevant, the $3000 is the key. They’re basically willing to pay off up to $3000 on your current lease. It’s not free $3000. They are likely trying to make that up by making more than $3000 from giving you a bad deal on a new lease. Other conditions aren’t disclosed so it’s speculation. Would have to talk to dealer to find out details but rest assured, they’re not looking to gift you $3000 and give you a leasehackr worth deal, they’re not in the business of losing money.
Right, I get the $3,000 part, but even with a lease like mine at $232, that would cover 12 months. Even if you had a $400/month lease, that’s still 7 months, so it seems better than the 3 month pull ahead leases that you mentioned were most typical. And the Equinox fine print says “must have a non-GM lease.” So wouldn’t that mean you would literally have to have a different brand of car for this pull-ahead to work?
and thanks for all of your replies. this stuff is still really new to me, so I appreciate all of the insight.
O man- this comment doe 
the equinox “must have non-gm lease” is in regards to a rebate they’re offering. Has nothing to do with pull ahead. You need to be a current non-GM leasee to qualify for a particular rebate.
As for the $3k, maybe you should think about it as an advance. They’re willing to advance you $3k to help you get out of your current lease early. For example lets say you had 12 mo left on your lease $232/mo x 12 = $2784 (which is less than $3000). They’ll pay that to pay off your lease and you’ll be out of the lease and eager to get into a new one. But you’ll end up having to pay the $2784 they advanced you, they’ll just charge it to you without you noticing if you don’t know what to look for. They might not discount the new car for you much, they might give you a worse MF, they might talk you into a longer lease term, they might as for some more downpayment or a combination of any of those.
Ouch! They inflated the lease by the total payments remaining. Let’s say her payments on the RAV4 were $250/month. So that’s $3500, or roughly $97/month over 36 months. So the new Equinox lease ads $97/month to the payment.
She’s still paying that RAV4, the dealer just advanced her the money for virtually no interest.
