Worst leases you've seen


#929

A co-worker is paying $392 for a Jeep Renegade (48 month lease). MSRP was ~$22K, his downpayment was $2k.

Poor dude.


#930

When I was looking for Renegades for a friend, Dodge dealers kept quoting me 545 a month with 2k down for a Renegade Sport. After negotiations, I talked some down to 385 a month with 2k down and that was on a Limited because they leased better.

I told my friend to walk from the Renegade completely.


#931

I understand that some vehicles just lease terribly, but why would you pay so much money for so little vehicle? I know its TCO is really low but there are better options.


#932

You see the title of this thread? Right?


#933

48*392 = $18,816 + 2,000 = $20,816

He should have been able to buy it for that or pay cash of about $19,000 to buy it outright. You sure he didn’t buy it?


#934

Pretty sure it’s a lease. I didn’t say anything as to not make him feel bad but did say that next time he should go with a broker “to avoid the hassle of negotiating again”.


#935

18k due at signing, 999 a month for 60 MONTHS on a Cayman GTS…8k miles a year.

so pay 78k to rent a 89k car last model year car for 5 years…


#936

why does it say 9k due at signing and in the fine print say 18k due at lease inception? wtf?


#937

Would anyone in their target audience even take that deal?


#938

Hah, have you seen the payments people make on this thread? There’s plenty of idiots willing to shell out that kind of money for a Porsche, and apparently- way worse cars!


#939

only reason I can think of is in CA, you cannot get tax credit when you trade in your car for a purchase. So if you plan to keep the car a short amount of time leasing can save you from paying full sales tax every time you switch out cars.


#940

Kia Stinger 2.0 Premium AWD…$42.8 MSRP…$38.1K selling price + $7400 lease rebate + $456 down got me a quote for $456 for 12000/39 months. Other offers were in high $400’s, some $500-600!
Nice looking car and drives well, but not worth it at that those prices.

Lots of 2018’s sitting around. Local 3 site MI franchise has 17 x 2018 Stingers in stock and will not budge off invoice. Good luck I say.


#941

Don’t blame dealers, blame the residual. It’s a good lease to own candidate. Or wait 2 years when they start coming off lease and they’re in the CPO lot for $15k.


#942

Their residuals are actually holding pretty well for now… they’ve been on the market 18 months and I still can’t find a Stinger GT under 33k used. They were a 39k dollar car. That’s not bad considering the lease cash thrown at it earlier on.


#943

Could this be correct? Was it a 60-month lease @ $515/month for a Jeep Grand Cherokee Laredo??? The car would have almost been completely paid off. Kudos to that sales guy.

http://www.swapalease.com/mobile/lease/details/2018-Jeep-Grand-Cherokee.aspx?salid=1311699


#944

Wow, I feel terrible for this person :cry:


#945

Looks like a limited to me.


#946

That’s allot of :speedboat: payments.


#947

Hahahaha. The first picture. Why did she take one with her in it?


#948

Parked in a private driveway! :rofl: