lease a 2015 or wait until 2016? - Jeep Garage - Jeep Forum

Go Back   Jeep Garage - Jeep Forum > Jeep Platform Discussion > Grand Cherokee - WK2 -

Join Jeep Garage Today
Reply
 
Thread Tools Display Modes
 
  #1  
Old 01-31-2015, 04:43 PM
Member
 
Join Date: Jan 2015
Location: Louisville, KY
Posts: 46
Thanks: 3
Thanked 0 Times in 0 Posts
Rep Power: 785
Mike-Mike is on a distinguished road
lease a 2015 or wait until 2016?

I will be ready to lease around March or April. When do the 2016s come out? I would hate to get a new vehicle and then it immediately be an old vehicle

Reply With Quote
Sponsored Links
Advertisement
 
  #2  
Old 01-31-2015, 08:51 PM
GCOverland's Avatar
Jeep Addict
My Jeep: 2015 3.6L WK2
 
Join Date: May 2010
Location: Tampa Bay, FL
Posts: 1,504
Thanks: 101
Thanked 90 Times in 74 Posts
Rep Power: 3987
GCOverland has a reputation beyond reputeGCOverland has a reputation beyond reputeGCOverland has a reputation beyond repute
Re: lease a 2015 or wait until 2016?

Quote:
Originally Posted by Mike-Mike View Post
I will be ready to lease around March or April. When do the 2016s come out? I would hate to get a new vehicle and then it immediately be an old vehicle
AFAIK, sales launch for MY16 is currently scheduled for December.

Last time I checked, lease rates for MY15 were quite good - certainly better than when I leased in November.
__________________
2015 Grand Cherokee Summit 3.6L 4x4, Bright White, Dark Brown interior, Platinum Package, CD-Player.
2015 Lincoln MKZ Hybrid Reserve, Ruby Red Metallic, Light Dune interior, Technology Package, Panoramic Roof, 19" Painted Pockets Wheels, Multi-Contour Seats, THX Audio.
Reply With Quote
  #3  
Old 01-31-2015, 11:02 PM
torifile's Avatar
Member
My Jeep: 2015 3.0L WK2
 
Join Date: Jan 2013
Posts: 723
Thanks: 56
Thanked 34 Times in 22 Posts
Rep Power: 1317899
torifile has a reputation beyond reputetorifile has a reputation beyond reputetorifile has a reputation beyond reputetorifile has a reputation beyond reputetorifile has a reputation beyond reputetorifile has a reputation beyond reputetorifile has a reputation beyond reputetorifile has a reputation beyond reputetorifile has a reputation beyond reputetorifile has a reputation beyond reputetorifile has a reputation beyond repute
Re: lease a 2015 or wait until 2016?

Lease rates are excellent right now. On my 2015 Overland I got:

.00022 money factor (about .53% interest rate)
53% residual

This was a 36 month, 15k mile lease for the CRD. On the hemi, residual is 52%.

Nothing due at signing except the first month.


Sent from my iPhone using JeepGarage
__________________
Current: 2015 Overland. Oil burner, baby! Black on beige.
Traded: 2014 Overland. V8. 4x4. Black on black.
Reply With Quote
  #4  
Old 01-31-2015, 11:22 PM
GCOverland's Avatar
Jeep Addict
My Jeep: 2015 3.6L WK2
 
Join Date: May 2010
Location: Tampa Bay, FL
Posts: 1,504
Thanks: 101
Thanked 90 Times in 74 Posts
Rep Power: 3987
GCOverland has a reputation beyond reputeGCOverland has a reputation beyond reputeGCOverland has a reputation beyond repute
Re: lease a 2015 or wait until 2016?

Quote:
Originally Posted by torifile View Post
Lease rates are excellent right now. On my 2015 Overland I got:

.00022 money factor (about .53% interest rate)
53% residual

This was a 36 month, 15k mile lease for the CRD. On the hemi, residual is 52%.

Nothing due at signing except the first month.
Those were the numbers I was initially hoping for and especially the residual they are now using on Overland and Summit is far more realistic.

I don't feel too bad though. After all, my higher monthly payments mean that I'm probably able to trade in my lease in 2 years from today without negative equity - and that would be after after only 27 of the originally scheduled 39 months.

At least that's what I came up with when comparing the current numbers on a 2-year lease two what I've paid 2 years from now (27 payments)...
__________________
2015 Grand Cherokee Summit 3.6L 4x4, Bright White, Dark Brown interior, Platinum Package, CD-Player.
2015 Lincoln MKZ Hybrid Reserve, Ruby Red Metallic, Light Dune interior, Technology Package, Panoramic Roof, 19" Painted Pockets Wheels, Multi-Contour Seats, THX Audio.
Reply With Quote
  #5  
Old 01-31-2015, 11:38 PM
Member
 
Join Date: Apr 2013
Location: Washington DC/Alexandria VA
Posts: 175
Thanks: 4
Thanked 15 Times in 10 Posts
Rep Power: 1556
Sleestak is on a distinguished road
Re: lease a 2015 or wait until 2016?

I just leased my overland. How do I calculate the money factor?
Reply With Quote
  #6  
Old 02-01-2015, 08:08 AM
Member
 
Join Date: Jan 2015
Location: Louisville, KY
Posts: 46
Thanks: 3
Thanked 0 Times in 0 Posts
Rep Power: 785
Mike-Mike is on a distinguished road
Ok, this is what I was looking for. I could wait until June or July, but December is a long ways away
Reply With Quote
  #7  
Old 02-01-2015, 10:10 AM
Jim_in_PA's Avatar
Super Moderator

My Jeep: 2012 5.7L WK2
 
Join Date: Jul 2012
Location: SE PA (central Bucks County)
Posts: 4,476
Thanks: 810
Thanked 622 Times in 498 Posts
Rep Power: 96283
Jim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond repute
Garage
Re: lease a 2015 or wait until 2016?

Mike-Mike, it sounds like your best choice is to go for the MY15. If you want to take delivery in March/April, you may want to consider placing your order 4-8 weeks prior to your target date if you are going to order "exactly what you want".
__________________
2012 GC Overland Summit - Winter Chill with New Saddle interior. 5.7L HEMI V8 - Pirelli Scorpion Verde Plus "shoes" - LED fogs and DRLs



Day-job...Telecom Technical Sales
Avocations...Woodworking, Equestrian, Food, Photography
Reply With Quote
  #8  
Old 02-01-2015, 10:29 AM
Member
 
Join Date: Jan 2015
Location: Louisville, KY
Posts: 46
Thanks: 3
Thanked 0 Times in 0 Posts
Rep Power: 785
Mike-Mike is on a distinguished road
Well I need it by June. So I figured I would order by March/April, hoping they have an end of quarter deal.

My daughter should have her license by June and I am going to give her the Cadillac
Reply With Quote
  #9  
Old 02-01-2015, 11:27 AM
AAAA's Avatar
Premium Member
My Jeep: 2015 3.6L WK2
 
Join Date: Jan 2011
Location: Upstate NY
Posts: 3,491
Thanks: 202
Thanked 164 Times in 144 Posts
Rep Power: 1545127
AAAA has a reputation beyond reputeAAAA has a reputation beyond reputeAAAA has a reputation beyond reputeAAAA has a reputation beyond reputeAAAA has a reputation beyond reputeAAAA has a reputation beyond reputeAAAA has a reputation beyond reputeAAAA has a reputation beyond reputeAAAA has a reputation beyond reputeAAAA has a reputation beyond reputeAAAA has a reputation beyond repute
Re: lease a 2015 or wait until 2016?

Your daughter is going to be a very popular girl.
__________________
Overland: Nokian WR G3 SUV tires, front and t. c. skid plates, Bosch Icon blades, Husky X-Act Contour slush mats, MOPAR cargo mat. Successor to trouble-free 2011 Limited.
(Avatar- http://www.ussslater.org/)
Reply With Quote
  #10  
Old 02-01-2015, 11:39 AM
Member
 
Join Date: Jan 2015
Location: Louisville, KY
Posts: 46
Thanks: 3
Thanked 0 Times in 0 Posts
Rep Power: 785
Mike-Mike is on a distinguished road
It's a 2011 Cadillac CTS AWD Premium, so it is pretty sweet. However I got a good deal on it buying it used. They don't keep their resale value very well either.

Her mama insist she have AWD and not too many miles and not too old. So using that criteria their isn't a huge gap between the value of the Caddy and a used car that fits her mama's requirements.
Reply With Quote
  #11  
Old 02-01-2015, 02:38 PM
Jim_in_PA's Avatar
Super Moderator

My Jeep: 2012 5.7L WK2
 
Join Date: Jul 2012
Location: SE PA (central Bucks County)
Posts: 4,476
Thanks: 810
Thanked 622 Times in 498 Posts
Rep Power: 96283
Jim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond reputeJim_in_PA has a reputation beyond repute
Garage
Re: lease a 2015 or wait until 2016?

I think that was a good decision on your part relative to a ride for your daughter. We'll have to be thinking about this same thing later in the summer when your youngest turns 16. AWD and something "newer" is going to be a requirement here...too many safety issues with older vehicles these days.

It sounds like your timing plan will also work.
__________________
2012 GC Overland Summit - Winter Chill with New Saddle interior. 5.7L HEMI V8 - Pirelli Scorpion Verde Plus "shoes" - LED fogs and DRLs



Day-job...Telecom Technical Sales
Avocations...Woodworking, Equestrian, Food, Photography
Reply With Quote
  #12  
Old 02-01-2015, 02:45 PM
Member
 
Join Date: Jan 2015
Location: Louisville, KY
Posts: 46
Thanks: 3
Thanked 0 Times in 0 Posts
Rep Power: 785
Mike-Mike is on a distinguished road
I was giving her driving lessons last night and repeatedly expressed the importance of not getting too close to the curb. Talked all about road rash and flat tires.

So of course today not paying attention I rubbed a curb putting road rash all over the front wheel.
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
The Durango may live past 2016.....BUT Scottina06 2011+ Dodge Durango-WD 42 02-19-2014 09:05 PM
Wait Until After Break In? deep18 Engine Performance/Intakes/Exhausts 7 01-09-2014 03:23 PM
For the 2016 'Anniversary Edition' ... bill_de Grand Cherokee - WK2 - 5 07-02-2013 08:24 AM
To Wait or Not to Wait... dublj Grand Cherokee - WK2 - 5 10-09-2010 06:22 PM

Powered by vBadvanced CMPS v3.2.3

All times are GMT -5. The time now is 05:13 AM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Copyright 2012 - JeepGarage.Org
The Jeep Grand Cherokee Owners Community

JeepGarage.org is in no way associated with or endorsed by FCA US LLC. Chrysler, Dodge, Jeep, Ram, Mopar and SRT are registered trademarks of FCA US LLC.