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  #13  
Old 04-13-2014, 06:04 PM
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Re: Leasing Deals and Strategies

I never leave a down payment on a lease for exactly that reason, if the car gets totaled you loose the downpayment.

I recently (in February) was given 2 offers. Both with $1000 due at signing, 36 months, 10k miles, Grand Cherokee Limited v6
1. Sunroof and navi - $415 per month
2. Lux 2, 20" rims and navi - $475 per month

I went with option 2. According to my lease agreement - the price of the car is $41,239 and the residual is $26,154. Cap cost reduction is $1000. Rent charge $468.75 (no clue what this is). $1563 sales tax (8.875% in NY). Acquisition fee $500

I've been told that the program for March is worse and the deal I got was a special price because I know 2 people in leasing companies. No dealer could touch the prices. I also saw that people in other states have varying prices (usually higher) than I did in NYC. When I asked Nader from Koons for a lease quote, it came out to be $80 more per month

The way I negotiate a lease, is usually not advisable by websites, but works for me. I contact several dealer and/or leasing companies, tell them what I'm in the market for and see who gets me the best per month price and then I go with the lowest price.
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  #14  
Old 04-13-2014, 07:08 PM
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Re: Leasing Deals and Strategies

Thanks. I haven't thought about trying to get quotes from independent leasing companies...the main "problem" I have is that I HAVE to order the car in the next few days. Also, the dealership I'm working with is the ONLY one (of about 20 within a 50 mile radius) that was willing to offer just over 4% off invoice. The others were at 1 and 1.5%, or invoice/MSRP plus.

So that said, Essentially, I believe the 2015's will obviously be more expensive, so I want to order a 14'. Also, I have a personal objective to order new, because of the "issues" the JGC is known for, I would hope that if I order a new one, most/all of the simple fixes would be taken care of vs. one that's been sitting on the lot for the last 3-4+ months that COULD potentially have more issues.

ETA: What was your money factor?
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Old 04-13-2014, 07:12 PM
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Re: Leasing Deals and Strategies

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Originally Posted by polizei View Post
Thanks. I haven't thought about trying to get quotes from independent leasing companies...the main "problem" I have is that I HAVE to order the car in the next few days. Also, the dealership I'm working with is the ONLY one (of about 20 within a 50 mile radius) that was willing to offer just over 4% off invoice. The others were at 1 and 1.5%, or invoice/MSRP plus.

So that said, Essentially, I believe the 2015's will obviously be more expensive, so I want to order a 14'. Also, I have a personal objective to order new, because of the "issues" the JGC is known for, I would hope that if I order a new one, most/all of the simple fixes would be taken care of vs. one that's been sitting on the lot for the last 3-4+ months that COULD potentially have more issues.

ETA: What was your money factor?
No clue what the money factor was.

Leasing an ordered car is tricky. The lease programs change monthly, and it takes 5 weeks or so to get the car, thus but the time the car comes in, the program and the numbers will be different.
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Old 04-13-2014, 09:25 PM
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Re: Leasing Deals and Strategies

That's not the case, because to order the vehicle, you have to agree to the lease terms and sign the contract...so whatever the lease deal is at the time of order is what it is. You can however, still increase the down payment amount, after the order is placed.
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  #17  
Old 04-13-2014, 10:30 PM
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Re: Leasing Deals and Strategies

Jeep is still offering through April 0% for 36 months and you can finance the whole thing I believe. Free money....I usually just buy vehicles but for this one I financed for the 0%....even at 1% in a bank account you'll earn $800+ over the 36 months.

I've never leased a vehicle as leases are "supposed" to cost more than owning since if they didn't cost more the leasing company would be out of business pretty fast.
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Old 04-14-2014, 05:21 AM
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Re: Leasing Deals and Strategies

Quote:
Originally Posted by polizei View Post
That's not the case, because to order the vehicle, you have to agree to the lease terms and sign the contract...so whatever the lease deal is at the time of order is what it is. You can however, still increase the down payment amount, after the order is placed.
I'm just telling you what I was told by 3 different dealers. You place the order, leave a deposit and sign the agreement when the car is ready to be picked up
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Old 04-15-2014, 12:05 AM
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Re: Leasing Deals and Strategies

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Originally Posted by zhenya View Post
I'm just telling you what I was told by 3 different dealers. You place the order, leave a deposit and sign the agreement when the car is ready to be picked up
you are correct. you may have paperwork but the actual agreement is signed upon delivery. I haven't ordered a Jeep before but I know other companies, like BMW and MB you can typically lock in a financing/lease deal for 60 days. Not sure how Jeep operates...
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Old 04-15-2014, 02:45 AM
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Re: Leasing Deals and Strategies

Thanks for the info, the dealership was being a little misleading it appears.
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