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  #13  
Old 10-31-2013, 11:11 PM
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Re: Opinions/suggestions on a potential lease of a 2014 Overland

It seemed high to me but hard to tell. What is included in $4100 do they include the $1800 they pay for the RR? Is all the tax paid upfront in your state? I would suggest just keep the deal simple. Don`t make them pay your last two months. Pay it yourself and just negotiate for the Jeep.

If you want to lower your payments residuals on the Limited is higher (I guess 1%) it makes $500 on a 50k car. You can add the options you need to Limited. If you add lux II and OR II it becomes very smilar to Overland. If you don`t care about air suspension you can skip OR II. It will be significantly cheaper than an Overland.

I would suggest use the lease calculator on jeep web site. Put 6-7% of the MSRP as dealer discount and shoot for that number.
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Old 10-31-2013, 11:15 PM
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Re: Opinions/suggestions on a potential lease of a 2014 Overland

The other question is, what is your RR worth? Is it worth equal to or more than the residual plus the two remaining payments? If so...you can just trade out of it.
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Old 11-01-2013, 06:50 PM
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Re: Opinions/suggestions on a potential lease of a 2014 Overland

Quote:
Originally Posted by hemi15 View Post
It seemed high to me but hard to tell. What is included in $4100 do they include the $1800 they pay for the RR? Is all the tax paid upfront in your state? I would suggest just keep the deal simple. Don`t make them pay your last two months. Pay it yourself and just negotiate for the Jeep.

If you want to lower your payments residuals on the Limited is higher (I guess 1%) it makes $500 on a 50k car. You can add the options you need to Limited. If you add lux II and OR II it becomes very smilar to Overland. If you don`t care about air suspension you can skip OR II. It will be significantly cheaper than an Overland.

I would suggest use the lease calculator on jeep web site. Put 6-7% of the MSRP as dealer discount and shoot for that number.
Actually, the $4100 is just the tax title and fees, the 1800 would be included in the end price of 635 a month. After speaking with the sales manager today I was told if they did not have to cover the remaining two payments on the RR my payment would be $60 or so less. Obviously, I am paying the 1800 over the course of the new term. As someone has suggested I think I am just going to pay the RR lease on my own and just try to get a solid deal straight up on the overland, perhaps with the tax rolled in. Any advice or comments on what price range I should be in monthly to get a solid deal? thanks again everyone
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Old 11-01-2013, 06:51 PM
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Re: Opinions/suggestions on a potential lease of a 2014 Overland

Take the RR to carmax and see what you can get for it. See if it's more than what you owe. Then negotiate a deal on an overland SEPARATELY. I got my first lease on an Overland V6 with Adv tech paying $0 at the dealer and for $598/month including taxes at 8.225%. Sign and drive. That was for an MSRP of $48685, negotiated price of $44838 less my $1000 conquest incentive. I rolled all fees and everything into the payment because the money factor was 0.0000958 (interest rate of 0.23%). Residual I believe was 51%, but I don't remember. This was for a 12k miles/year lease. I would always do 10k miles from now on though, and just either sell the car on my own at the end of the lease or pay the penalty.

Do some work with negotiating a final price, without mentioning leasing at all. Then go from there.
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Old 11-01-2013, 06:56 PM
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Re: Opinions/suggestions on a potential lease of a 2014 Overland

Quote:
Originally Posted by adthebadstud View Post
Take the RR to carmax and see what you can get for it. See if it's more than what you owe. Then negotiate a deal on an overland SEPARATELY. I got my first lease on an Overland V6 with Adv tech paying $0 at the dealer and for $598/month including taxes at 8.225%. Sign and drive. That was for an MSRP of $48685, negotiated price of $44838 less my $1000 conquest incentive. I rolled all fees and everything into the payment because the money factor was 0.0000958 (interest rate of 0.23%). Residual I believe was 51%, but I don't remember. This was for a 12k miles/year lease. I would always do 10k miles from now on though, and just either sell the car on my own at the end of the lease or pay the penalty.

Do some work with negotiating a final price, without mentioning leasing at all. Then go from there.
Seems like you did quite well on that deal. I am going for the V8 so i will be higher monthly. Can i ask what the rationale is for going with the 10K miles a year? I usually go with 15 K and use all if not slightly higher then that over the 3 year lease.
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Old 11-01-2013, 07:04 PM
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Quote:
Originally Posted by longisland View Post

Seems like you did quite well on that deal. I am going for the V8 so i will be higher monthly. Can i ask what the rationale is for going with the 10K miles a year? I usually go with 15 K and use all if not slightly higher then that over the 3 year lease.
The v8 at 10k will be roughly within $20 monthly depending on the deal. My rationale is that I most likely would not be turning in the vehicle at the end of a lease. I'd either trade it to a place like carmax or just negotiate it with a new deal. With the jeeps residuals being predicted so low right now in the low 50s, and looking at used 2011 Overlands, it seems like you would build equity into the vehicle. When selling a car in 3 years its not going to matter how many miles over 30k you have.

Even worst case if you pay the fee at .20/mile and you drive 36k miles instead of 30k. The back calculating what it would have cost you over 36 months is like an extra $4 a month over pre paying for them.

But I'm going into deals assuming I wouldn't just "walk away" from it at the end. So these penalties shouldn't apply.
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