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Old 03-16-2011, 09:36 PM
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What do you guys think about this deal?

I'm negotiating for my parents on a new JGC Overland Summit w/ Hemi. Stickers at $48770. I got it for $45,000. 36 months, 15k, $0 down(just required fees), taxes in the payment(8.375%), 43% residual, .00108 MF. I got it for $812 a month. These things are pretty damn expensive to lease.
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Old 03-16-2011, 10:09 PM
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Re: What do you guys think about this deal?

I feel like they could buy it for that much a month.
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Old 03-16-2011, 10:11 PM
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Re: What do you guys think about this deal?

i'm pretty sure that a top of the line JGC is gonna be worth more than 15K in 3 years, you're better off buying it, then selling it after 3 years!
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Herpes is better than a Prius. Lol.
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I really hope my next car has brembros and a panorama roof
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Old 03-16-2011, 10:22 PM
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Re: What do you guys think about this deal?

Wow thats expensive for a lease. You can buy it with a good rate for $750 or so a month.
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Old 03-16-2011, 10:27 PM
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Re: What do you guys think about this deal?

^exactly, with 5 year loan, it will be around 750, and it will be yours, if you want to sell it after 3 years, you should definitely get at least 20K for it!
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Herpes is better than a Prius. Lol.
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I really hope my next car has brembros and a panorama roof
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Old 03-16-2011, 10:48 PM
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Re: What do you guys think about this deal?

I figured that much. I dont know why my parents are so fixated on leasing it instead of buying? Maybe because it'll be listed as a company car through their business.
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Old 03-16-2011, 10:50 PM
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Re: What do you guys think about this deal?

so its a write off? screw it then haha
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Old 03-16-2011, 11:41 PM
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Re: What do you guys think about this deal?

Yes you can write off the entire monthly price of leases on a business. Otherwise if you purchase it you can take the one time full purchase price deduction since it is over 6K lbs. or depreciate it over 5 years and take expenses.

Yeah I agree with GR33N D3M0N if its a business expense go for it.
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Old 03-17-2011, 09:47 PM
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Re: What do you guys think about this deal?

The Laredo's have way better lease rates. They might not have all the options but I got a 3 year lease, 12k miles per year, traded in a 01 4 runner with 140k on the clock which they gave me 5400 for and the payment is 435 a month including 7% tax. The final price was about 40k. It's the Laredo x with the hemi, tow package and pano roof. If I was going to buy it makes sense to go with the overlandfor a few grand more.
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