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  #25  
Old 01-01-2016, 11:37 AM
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Re: Leasing a 2015 Overland

Floon...we've already had extensive "discussion" about the merits of leasing vs buy. It's a personal and valid choice. It's not for everyone, for sure. It's not a "mistake" unless you do it accidentally...and if that happens, there's something else going on.

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  #26  
Old 01-15-2016, 11:54 AM
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Re: Leasing a 2015 Overland

I've always financed my cars. I've recently turned to leasing. Just leased a 2015 Overland also. People say you never own anything you just keep making payments, but with that also comes no real maintenance. In 3 years you go get the brand new model w/ all the new features and its usually redesigned. Just my 2 cents
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  #27  
Old 01-15-2016, 12:24 PM
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Re: Leasing a 2015 Overland

Time for me to chime in here also a leaser of a 2015 Grand Cherokee. Among the obvious reasons why leasing is "good for me":

1. My credit report only shows the outstanding balance of the lease ($14k lease vs say $45k purchase). If you're looking to keep your debt to income ratios low this is a great way to do it!

2. I can choose to purchase at lease end knowing I was the sole owner (if I choose to)

3. I bought a 2014 Overland that shit the bed! Not happening again and if this 2015 shits the bed I'm not nearly as upset about it. If I scrape a wheel or crack windshield (which I did both) don't care! I'll negotiate getting out of that when they are desperate to lease me another one.

4. If I want out of my lease at anytime, I can get the payoff (provided I'm not too upside-down) and sell it, trade it, transfer the lease, etc.

5. Most importantly, I know I will not be keeping this Jeep past my two year lease.

6. Since I leased, I don't have to worry about negative equity in two years. Learned my lesson early on.

7. My leases have always been cheaper than buying and with no money down which is sorta the idea of a lease. If you choose to get rid of it early on you lose that money you put down so less down is better. You can get low payments by negotiating the purchase price as well as lease rate depending on your credit. I did!

8. At anytime during or end of lease I have three options - buy it, turn it in or trade it. Provided I have equity in the vehicle (which I have had previously) it becomes my equity. Something tells me if they are eager to sell me another Jeep next time, they will find a way to locate positive equity or atleast a little.

7. The lease on my 2015 JGC gave me $3500 cash back as well.

8. I leased through Chrysler Capital so I'm able to pay my lease with a credit card and get points.

9. Surely not going over my allotted milage. I have second vehicle for that and if I do, the $ will be minimal anyway.


All sounds pretty damn good to me with all the options in the world with a lease from my perspective.

Just my two cents.
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  #28  
Old 01-15-2016, 12:29 PM
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Re: Leasing a 2015 Overland

8. I leased through Chrysler Capital so I'm able to pay my lease with a credit card and get points.

Really? Thats great if true, do they charge you a fee for this convenience?
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  #29  
Old 01-15-2016, 01:18 PM
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Re: Leasing a 2015 Overland

Quote:
Originally Posted by rszwestko View Post
8. I leased through Chrysler Capital so I'm able to pay my lease with a credit card and get points.

Really? Thats great if true, do they charge you a fee for this convenience?

Yep! A whopping $2.25 Thats it! Great! I get 2.25 extra points and that's EXACTLY how I pay my lease! Only Chrysler Cap does it though so keep that in mind when leasing your next Jeep!
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  #30  
Old 01-15-2016, 01:25 PM
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Re: Leasing a 2015 Overland

Quote:
Originally Posted by Sleestak View Post
Yep! $2.25 Thats it! Great! I get 2.25 extra points and that's EXACTLY how I pay my lease! Only Chrysler Cap does it though so keep that in mind when leasing your next Jeep!
good info, thanks.
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  #31  
Old 01-17-2016, 08:19 AM
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Re: Leasing a 2015 Overland

Guys - I have a scenario on lease vs buy that I'd like to run by you guys. Where is the best place to start a new thread on this? I'm new to leasing
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  #32  
Old 01-17-2016, 09:04 AM
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Re: Leasing a 2015 Overland

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Originally Posted by greenexplr View Post
Guys - I have a scenario on lease vs buy that I'd like to run by you guys. Where is the best place to start a new thread on this? I'm new to leasing
Us leasers would love to hear it. Can you add it in this thread? If not, try starting a new thread.
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  #33  
Old 01-17-2016, 09:45 AM
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Re: Leasing a 2015 Overland

Sounds like an argument just looking for a place to happen.
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  #34  
Old 01-17-2016, 03:06 PM
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Re: Leasing a 2015 Overland

Lease sucks just because, best bet is to buy with cash and drive the thing until wheels fall off.


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  #35  
Old 01-18-2016, 10:59 PM
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Re: Leasing a 2015 Overland

Sorry for the delay. I've never leased before but always wondered if it was an option for me. I typically put down $4k on my cars (usually used) and generally try to keep my payments under $600 which means I finance for either 60 or 72 months. I'm a consultant for an international firm and travel pretty much every week. Travel can be local or long distance (drive or fly) depending on the year and the different projects I'm on. I typically put between 20-25k miles on my car a year. I've found that I get bored of my cars in about 3 years but because I finance them I often feel like I'm not in a good place equity wise to trade them in. Under this scenario is there any way a lease would work to my advantage financially and personally?
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  #36  
Old 01-19-2016, 12:03 AM
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Re: Leasing a 2015 Overland

You can't afford a new car then, not really. Save first and then buy. Otherwise this vicious cycle of making car payments will never end for you, making it difficult or impossible to build wealth.
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