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Old 12-09-2016, 12:30 PM
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Lease is ending in June. Debating about leasing or financing my next Jeep.

So I'm currently in a lease with my 2016 grand Cherokee altitude 4x4. I love it, but I really want to get into another grand Cherokee, but a limited lux 2 package. I live in NYC, and I'm debating about financing or leasing again. I'm just not sure what will be the best route. I understand that with leasing you either get a 2/3 year term with a certain amount of mileage, but with financing I'll own the vehicle, but I'll have to purchase the extended warranty. Plus my monthly payment will be a lot higher than a lease.

Any feed back would be deeply appreciated.

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Old 12-09-2016, 12:52 PM
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Re: Lease is ending in June. Debating about leasing or financing my next Jeep.

If you buy with the idea of keeping it for 2 or 3 years, you don't need an extended warranty. Once I paid a car off in 3 years it was easy to trade them in every 3 years. I would always do the math to see if I would have done better leasing, then realized that these manufactures have very good accountants. It was always within a couple of hundred dollars.

Eventually getting to the point I didn't have to take a loan buying was better. Whatever they call it, when you lease you are paying interest.

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Old 12-09-2016, 01:05 PM
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Lease is ending in June. Debating about leasing or financing my next Jeep.

Quote:
Originally Posted by bill_de View Post
If you buy with the idea of keeping it for 2 or 3 years, you don't need an extended warranty. Once I paid a car off in 3 years it was easy to trade them in every 3 years. I would always do the math to see if I would have done better leasing, then realized that these manufactures have very good accountants. It was always within a couple of hundred dollars.



Eventually getting to the point I didn't have to take a loan buying was better. Whatever they call it, when you lease you are paying interest.



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Thanks. When I lease I usually keep the car for 2 years then trade it in for the key to key deal when it happens. If I do decide to finance I'll keep it for about 4/5 years. Then have Jeep buy it back and use the money for a down payment for my next Jeep.
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Old 12-09-2016, 06:28 PM
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Re: Lease is ending in June. Debating about leasing or financing my next Jeep.

ive always purchased and keep vehicle approx 3 years. sometimes a little more or less depending on when its a good time. traded my 14 trainhawk for 17 g cherokee th last month. drove 34 plus months. cost me 12000 or about 340-350 a month. bought for 35000 sold for 23000. that actually higher than usual many times it comes out better. done this since buying my new 1969 olds
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Old 12-09-2016, 06:30 PM
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Re: Lease is ending in June. Debating about leasing or financing my next Jeep.

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Originally Posted by onefunkar View Post
ive always purchased and keep vehicle approx 3 years. sometimes a little more or less depending on when its a good time. traded my 14 trainhawk for 17 g cherokee th last month. drove 34 plus months. cost me 12000 or about 340-350 a month. bought for 35000 sold for 23000. that actually higher than usual many times it comes out better. done this since buying my new 1969 olds


Very nice, I'm actually not planning on putting any money down. Since I've been dealing with the same Jeep dealership for years. I brought them plenty of customers so they better hook me up.
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