Hello everyone! This is my first post and I’m going to do my best to post all the info you need and respond to any questions.
I am currently looking to get into a new 2019 Jeep Compass Altitude. I’ve been shopping around and figured out the options that I want and found one that I’m almost ready to sign on. I’m just trying to figure out if I’m getting a decent deal.
I live in Michigan so my tax is 6%.
My MF = .00112
42 month 10,000miles
MSRP of $31,800
Selling price of $28,792
$5,500 total lease cash
$500 total out of pocket
$285/month
Options Include:
Full power sunroof - $1,595
Cold weather package valued at $945
Customer Preferred Package 27B - $1,420
Destination of $1,495
I hope this is enough information. I’m feeling that this is a pretty decent deal and am just looking to get some opinions. Any thoughts are appreciated. Thank you.
Yeah it’s about 295 I believe. I was still trying to figure out if the 6 months was that big of a deal. I guess I was kind of hoping for lease pull ahead by the end of 3 years any ways. I have another dealer across the state that can do 36 months for the same price, but that’s putting 200 miles on the car and delivery fee. Thoughts?
I know that dealers can create their own lease pull ahead deals. At least from the research that I’ve done. IDK I can try to ask the dealer here if they can match.
That’s not true whatsoever. Pull aheads can only be offered by the lender. You sign a contract with a lender, not a dealership. The dealer has zero interest in the vehicle - you still owe the lender per the terms of the contract. Dealers will roll your remaining payments into the next lease.
But this is the type of BS that FCA dealers are famous for peddling.
Okay, thanks for letting me know. I was trying to get a deal for 12,000 because I drive 50 miles round trip for work 5 days a week so 10,000 is going to cut it close. He said, “You won’t use them all so why pay for them. Plus there’s lease pull ahead.” How do I go about questioning that? Like I said I might just come home and pick one up if it’s the same car for 36. Either way the miles are going to be close.
Car salesmen will say anything to get a sale. Especially FCA ones. By lease pull ahead he meant that they can roll remaining payments into the next lease.
I would advise against cutting mileage close unless you have a second vehicle to bleed miles onto. Otherwise you’ll be rolling negative (mileage charges) into your next lease. What is the RV difference between 10 and 12k?
Also 50 miles * 240 working days a year = 12,000…you may need 15k.
I’m super close to signing on a new 2019 Jeep Compass Altitude and am just figuring out the small details.
So with 0 down and 0 out of pocket due at signing I can lease for 286/month for 42 months at 12k miles. Or 299/month for 36 months at 12k miles. I was curious if the 13 dollar difference is worth the miles. I drive around 10k a year just for work but don’t think I’ll need 15k.
Also, i think the deal overall is good based on my research. I’ve been shopping prices between dealers and have gotten about 15% off msrp and all the options and packages I wanted. Below is a list of the info I have.
I live in Michigan so my tax is 6%.
My MF = .00112
36 month 12,000miles
MSRP of $31,800
$5,500 total lease cash
$0 total out of pocket
$299/month
Options Include:
Full power sunroof - $1,595
Cold weather package valued at $945
Customer Preferred Package 27B - $1,420
Destination of $1,495
The car is super clean and blacked out with the 18 inch black rims. I really like the look and feel the price is reasonable with the current incentives and with 0 out of pocket cost to drive away today. Thoughts or opinions appreciated.
I don’t really see any additional questions from your original post. Again, I don’t think 10k is enough miles based on what you stated your commute was and I would not do a 42 month lease as you will be out of warranty for 6mos. Deal looks decent but you should know better than us what your local dealers are willing to do. If you require additional validation you may want to reach out to @Benedetto who is an MI broker and specializes in FCA products.
Yeah the only difference is I have a higher residual of 16,200, I’m getting the 12k miles instead of 10k and I’m only doing 36 months. That’s the difference I was trying to get help with. This is only my second time doing this and it’s on my own so sorry if I was repetitive. Also, nothing out of pocket or down this time.
What do you need help with? You can’t change the RV. Calculate the total lease cost $/mi and figure out which option is best for you versus the potential of paying for excess mileage charges.
