I assume they were joking
So the real question you should be asking yourself is: Should I “One-Pay” or “Monthly-Pay” the lease in my humble opinion? Being that you’re trading a 2022 for new a one, buy vs. lease I don’t think is a great hold-up. The technology on hybrid’s/ EV’s in changing exponentially year over year. Furthermore, you’re capturing a credit upfront on the lease for the Hybrid/ EV which if something changes, you’re initial buy amount(Cap Cost) is reduced by substantially, thus lowering your overall cost should you decided to keep the Jeep after the lease term. Remember, you have the open to purchase the Jeep at any point.
The beauty of leasing is that you’re not putting all your eggs in one basket so to speak. The market changes, life, technology or god forbid a “total-loss” accident, you’re not liable for the balance or loose all you down payment/ equity. Furthermore, you have the much lower monthly payment cost vs. purchase without the massive down payment.
The net cap cost vs. total residual is simple. The net cap cost is after your trade equity and rebate. It is not after your “one payment” on the lease. You’re receiving $17,000 toward the gross cap cost of $58,539. Now usually there is a very small MF reduction for a “one pay” lease as well as “multiple security” deposit lease. One again though, in both scenarios, lots of money going out at one time. This defeats the lease premise in my humble pinion again. Whatever, the bottom line is that, the lease is a deal because how else are you going to have a $260/ month payment on an almost $60k vehicle?
The Residual is what the manufacturer estimates the Jeep will be worth at the end of the term. This means that whether you t down a big chunked buy, one pay lease or whatever, in 3 years the Jeep will be worth “x.” High likelihood that you will after the next best Jeep in 2 1/2 years, rather than keeping this guy the way Tech is going. My suggestion would be go for a monthly based lease and keep your $11,571 in the bank. You’re money always works better in your possession. The chances are that the monthly payment s not terribly different. I would put the minimum down out of pocket and the first month as is customary, 1st month payment and license/ dealer fees.
The thing that is great about leasing is you vehicle ownership costs are fixed. You know your monthly, under warranty, virtually no maintenance to worry about since it is new and will be lower milage and time used.
I think I covered everything hopefully. Please let me know if I did not and I can elaborate more. I have had these same questions asked many hundreds of time in my experience. Totally legit questions. I have answered as I have in all previous cases. The case can even be made for folks who drive a lot o miles per year as well believe it or not!
No, it’s not.
There is often a significant reduction in mf. A one pay here saves about $2500 over the life of the lease, if held to term.
This is super clear and incredibly helpful. I feel much more confident going with the lease option and it will definitely save me a lot of money!
This dush is the rudest broker on here. Don’t judge. People are nice here except this P.O.S. He also told me that I am stupid for getting X5M50 for $850 a month 3 years ago when in real life it was a steal. He told me " you must be stupid to pay so much money for X5 that I am “tire kicker” and so on. Meanwhile in recent years I personally between me and my family got 5 cars with help of LH. So just ignore he is a low life, probably got no friends and very hard childhood.
Literally nobody cares what magas from great kills landfill have to say. Go storm the capitol or something.
I wasn’t on here, or at volvo 3 years ago?
My join date was march '22? 3 years ago was november 2020? Are you ok buddy?
he means me.
P.O.S I was not talking to you. I was talking to a person that also noticed that you are pure jerk off . Like I told you last time you have something to say let’s meet and say it to my face but you only brave here through messages, so sit here tight and shut your Bidens hole.
I was not talking or refering to you.
Whom? I don’t know who to hate now. Biden?
i dont need to “meet” you. we don’t need to meet each other. nobody cares what % off you got on your x5 50 4 years ago - your car sucks. you, like many people on this forum who kick all of the broker tires, come back every few months/years, very much like herpes, and you waste every broker’s time grinding down for pennies. unlike others, i was quick to identify this, and launched you. others will do the same. enjoy your day.
Dont send me fake news CNN gdp numbers lol, send me over 8% mortgage , illegals floodded through the roof, gas prices as well as other prices that doubled you moron. I am not even talking about other countries that lost a respect to U.S because of your basement grandpa that can’t remember where he is and how to get off stage.
Enjoy looking at spreadshits, sir. You deserve every spreadshit.
Alzheimer’s fan boy I already told that I got 5 cars here in last 3 year between me and my family but smart people around here knows not to deal with you because you are an arrogant p.o.s. It has nothing to do with X5 or any other cars that I got here. I have Mazdas, Hondas, Bmws that I got here but for offended by life pussies like you its hard to understand. “Staten Island is landfill, BMW is not a car, people here tire kickers” brainless morons like you should be banned from talking to people. You should seek mental help .
P.S please since you smart only here through messages do me a favor go sell your chinese made 4 c volvos and do not reply anything to me. The only reason I mention your stupid name is becase 2 more people were talking about you.
I mean… Staten Island is a landfill.
Another bright individual. They closed it 23 years ago. Get over it . Whole NY is garbage dump. Go find a good house in SI. Where I live they start at 1M and all sold out. I guess its not bad after all.
You’re an idiot @Kima