Go Back   Jeep Garage - Jeep Forum > Jeep Platform Discussion > Grand Cherokee - WK2 - > 2014+ Jeep Grand Cherokee Ecodiesel 3.0

Join Jeep Garage Today
Reply
 
Thread Tools Display Modes
 
  #1  
Old 05-25-2014, 12:17 PM
GCOverland's Avatar
Jeep Addict
 
Join Date: May 2010
Location: Tampa Bay, FL
Posts: 1,101
Thanks: 6
Thanked 19 Times in 18 Posts
Rep Power: 2742
GCOverland has a reputation beyond reputeGCOverland has a reputation beyond reputeGCOverland has a reputation beyond repute
Folks,did the lease-rates change?

Since I'm preparing the purchase/lease of my next Jeep, I went over the lease-rates again and to my surprise, an equally equipped Summit EcoDiesel is all of a sudden about $15/month CHEAPER than the HEMI. In the past, the HEMI was $20/month less than the Diesel.

Did I calculate that correctly? Could it be that the higher residual of the EcoDiesel is now taken into consideration?

If my numbers are right and this ratio stays that way for MY15, opting for the Diesel instead of the HEMI has gotten much more likely..
__________________

__________________
Reply With Quote
  #2  
Old 05-25-2014, 12:45 PM
jaje's Avatar
Member
 
Join Date: May 2014
Posts: 97
Thanks: 0
Thanked 9 Times in 7 Posts
Rep Power: 240
jaje is on a distinguished road
Re: Folks,did the lease-rates change?

Lease rates are heavily affected by the residual value of the vehicle in question (and when something is very new to the market it is often heavily undervalued until they have some history, such as adoption and order volume and learn more on the actual resale value). The closest comparisons they had were the '07-'08 CRDs which had much higher resale value but much lower adoption rate than the EcoDiesels. I got $4k more than a comparable Hemi sells for (in fact the buyer was from CA and drove it back home). Adoption rates of the diesel are also much higher in the WK2 and now that the Ram 1500 has this option the dealer noted they can't keep them in stock on the lot and adoption rate of the WK2 is almost 1 in 5 sold (not counting Laredos) and 1/6 Ram 1500s are diesels.
__________________

__________________
'13 BRZ
#74 Exomotive Exocet NASA ST3 / E0
'14 WK2 EcoDiesel (replaces '07 WK CRD)
Reply With Quote
  #3  
Old 05-25-2014, 12:58 PM
GCOverland's Avatar
Jeep Addict
 
Join Date: May 2010
Location: Tampa Bay, FL
Posts: 1,101
Thanks: 6
Thanked 19 Times in 18 Posts
Rep Power: 2742
GCOverland has a reputation beyond reputeGCOverland has a reputation beyond reputeGCOverland has a reputation beyond repute
Re: Folks,did the lease-rates change?

Thanks for your input, jaje!

So I guess it's very likely that this "rate-ratio" between the HEMI and Diesel is going to stay that way in the near future.

As an economical factor, this is a huge plus for the Diesel now when leasing.
__________________
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Lease Rates _Bryan_ Grand Cherokee - WK2 - 0 01-06-2013 12:39 AM
Lease Rates and Residuals for May ?? milesgold Grand Cherokee - WK2 - 0 05-09-2012 09:16 PM
New Member- Looking for Lease Rates & advise milesgold Grand Cherokee - WK2 - 1 05-01-2012 01:27 AM
Overland Lease Rates? BlueLodge400 Grand Cherokee - WK2 - 1 01-09-2012 04:04 PM
Anyone know the March 2011 lease rates for the Grand Cherokee? ehas23 Grand Cherokee - WK2 - 10 03-16-2011 07:24 PM

Powered by vBadvanced CMPS v3.2.3

All times are GMT -5. The time now is 10:25 AM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Copyright 2012 - JeepGarage.Org
The Jeep Grand Cherokee Owners Community