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  #13  
Old 06-20-2011, 04:22 AM
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Re: Lease Question

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Originally Posted by Medichic View Post
Don't lease! Why put $$$ into something for 3 or so years and have nothing to show for it at the end?
Alot of times a lease then buy out is cheaper then the amount you would shell out over a 5+ year finance. Another advantage to a lease is, there is financial stability in a insecure economy, say your on a 5+ year finance and say 3 years in the economy tanks and for some reason you need to get rid of the car, you could be drastically upside down in your loan. You can modify a leased automobile all you want as long as whatever you do is a upgrade from the original equipment.
I love leases because I get a new car every few years and with the complexity of the systems and computers in today's cars and especially the JGC I wouldn't want to own the car in its 4th year with the warranty expired.
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Old 06-20-2011, 07:27 AM
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Re: Lease Question

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Originally Posted by andylcg View Post
When you lease, Do you have to take your Jeep back the dealership you got it from to have work done(i.e. problems with it, general service, pretty much anything Jeep covers with the lease) or can it be any Jeep dealership?
As stated by others you can decide which dealer to use for service. It is not uncommon to use one dealer to purchase the vehicle (who gives the best deal) and another closer for service. The sales and service departments have their own P/L.

Since Jeep doesn't have a free car rental for warranty work you there is little value outside of capability in staying with the selling dealer. Some of the other brands (Lexus, BMW, MB, etc) will prioritize brand loaners for customers who purchased their vehicles from their location. Otherwise they get the Hertz (or similar) special.

Whether leasing or buying people will be drawn to either side depending on emotions and financial ability. In general if you like to switch vehicles every 2-3 years leasing might be a good option. At minimum, you don't need to worry about the depreciation as it is fixed by the financing company. For leasing look for a vehicle with a high residual and low m.f. Never look at just the monthly payment amount. Rather know the buy price, residual and m.f. and run the numbers through a leasing calculator. Not doing so will usually result in a bad deal as the Finance Mgr will mark-up the m.f. and acquisition fee and play around with the sale price.

Consider traditional financing as there is a 1.9% for 60 months for the Laredo. Most credit unions are offering 3.0% for 60-72 months (with tier approval of course).

I have used both financing options for my vehicles. It really depends on the programs. You didn't say but how many miles do you drive per year? If over 15k or perhaps even 12k traditional financing might be the better approach.

Good luck.




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NHman
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Old 06-20-2011, 09:59 AM
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Re: Lease Question

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Originally Posted by bigd View Post
Unless you plan on purchasing the car at lease end (which most people don't do) or just can't afford a higher payment, IMO the GC is not the best car to lease, particularly in higher end trims. Even if they give you a good money factor (rate), the residual on these cars is probably about 10% lower than a comparable Japanese SUV (i.e. Lexus RX, Acura MDX, or Toyota 4Runner). So, you'll be paying more depreciation for the time you are in the car. Perhaps this trend will reverse for Chrysler with their recent quality upgrades.

It seems like they are offering better incentives on the Laredo, so that may be a slightly different story.
4 Runner has a god awful lease - not sure where you got that info. I priced one out (4x4 SR5 w/ leather/sunroof package) when I got my GC. It was aprox $200 more per month, with fewer features.
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Old 06-20-2011, 10:28 AM
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Re: Lease Question

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Originally Posted by 1200RT-P View Post
4 Runner has a god awful lease - not sure where you got that info. I priced one out (4x4 SR5 w/ leather/sunroof package) when I got my GC. It was aprox $200 more per month, with fewer features.
You may be right there. I'll stand corrected and will replace my "4Runner" assertion with the Kia Sorento (which, by the way, has some decent features for the money as well as a lockable center differential in AWD form): http://www.familycarguide.com/news/1...residual-value
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