Getting out of a lease early and positive equity - Page 2 - Jeep Garage - Jeep Forum

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  #13  
Old 08-26-2015, 07:36 AM
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Re: Getting out of a lease early and positive equity

I sent you a PM with the info of the place I used in the area.

I know your frustration, the Jeep dealers in our area are a joke.

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  #14  
Old 08-26-2015, 07:56 AM
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Re: Getting out of a lease early and positive equity

As has been said, now is a good time to negotiate a lease on a 2015. My 2014 Limited was 24 months into a 36 month lease. I received an email from my local dealer last week, advertising a $2,500.00 Jeep lease incentive, which got my attention.

I stopped into the dealer to see about getting out of the Limited early. As others have stated, my Limited had a little positive equity...not much, but it was not upside down. With the $2,500.00 incentive, as well as other incentives totaling about $1,500.00, and Discount from MSRP, I was able to lease a 2015 Overland with Tech Pkg. for less than the Limited lease. Needless to say, I leased a 2015 Overland. Money Factor & Residual on the 2015 were the best I've ever seen.
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Old 08-26-2015, 08:44 AM
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Re: Getting out of a lease early and positive equity

Jalopnik just posted an article about ending of leases. It made for an interesting read. Pair it with the information on here and you should be good to go

What Do I Do When My Lease Is Over?
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Old 08-26-2015, 08:43 PM
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Re: Getting out of a lease early and positive equity

Quote:
Originally Posted by plynn7 View Post
I have leased my last three Jeeps and all had positive equity at the end of the lease. You have to know what the residual value of you lease is or what the leasing company says you have to pay if you want to buy it at the end of your lease. If the Blue Book value is more then what the residual value is and this is set by you leasing company, then you have positive equity.
For example, I had a 2011 Overland and at the end of that lease the buy out was $24,500 this is what the leasing company wanted If I were to buy the Jeep from them . The retail value of that Jeep was around $34,000. I traded that Jeep In for my 2014 Overland, the dealer gave me $31,000 for it, they also did all the paperwork and paid the leasing company their $24,500 and the dealer keep the Jeep for resale. The remaining $6500 went towards my new lease. No money out of pocket and with the group buy In DC and rebates my nearly $50,000 Jeep was leased for $36,000. I pay $357 a month for 39 months and when I am done with this lease I expect to be in the same situation with positive equity.
I do the exact thing you do. Sometimes I may even early out of my lease if the value has peaked verses the buyout.
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