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  #25  
Old 04-02-2011, 10:52 AM
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Re: Leasing '11 GC Laredo X - Opinion/Comments

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Originally Posted by mofeen View Post
You have no equity in a purchased vehicle either. A 40,000 Jeep is not worth 40,000 after 3 years.
No, but it may be worth $16,000 and you may owe $12,00, so that would be $4,000 of equity. My numbers are all wrong, but usually around the three year mark you would have some decent equity on a purchase.
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Old 04-02-2011, 11:16 AM
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Red face Re: Leasing '11 GC Laredo X - Opinion/Comments

Can be the same for a lease too. Just turned in an 08 overland. End of lease purchase was 18500. At turn in the vehicle was worth 22700 wholesale. The dealer gave me the 4200 difference at turn in to apply towards a lease or finance. Ended up leasing again.

Three years of lease payments were less than three years of finance payments on a 60 month loan at 1.9 percent interest. And the lease required no money down.

Just crunch some numbers yourself and see which is the better deal. It worked out for me pretty nicely. No headaches of selling or trading in vehicle and I got a brand new one after three years with a higher Msrp and cheaper payments to boot.

Only negative is that I can't customize it to my liking but I am pretty happy with my Hemi Overland the way it is.
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Old 04-02-2011, 11:19 AM
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Re: Leasing '11 GC Laredo X - Opinion/Comments

personally I like leasing because after 3 years I can get a new car..I doubt I will go away from jeep so maybe in 3 years I can upgrade to an SRT or Hemi...I got my 11 laredo x with 2k down...$450 a month...10,000 miles a year...the deal was 2k under invoice...I have family who worked at Jeep for a brief period...even he said these vehicles were selling quick...he shopped around for me and the numbers were good...with no money down it would be over 500...I wanted to stay at 450 or lower..
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Old 04-02-2011, 12:50 PM
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Re: Leasing '11 GC Laredo X - Opinion/Comments

The interior of the Ltd. vs. Laredo X is the addition of chrome luggage skids on the carpet in the way back, wood color "wood" trim instead of grey, choice of beige color leather, heated rear seats to the best of my memory.
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