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  #25  
Old 10-28-2013, 06:41 AM
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Originally Posted by Schleprock View Post
I am not against leasing, have done it in the past and it does make sense if you know why you are doing it. But $11k down would have been better with a buy unless one has absolutely crap credit score and can't get a rate of 2% or so on 72mths.

Numbers approx., but pretty damn close.
Total at invoice + reg/titles/tags/6% sales tax = $71125
Dp - $11,500
$59,625

$59,265 / 72mths at 2% = $875 a month.
after 39 moths you owe $28,046. At that point you can probably STILL get $12,000+ back in your pocket as trade in allowance or cash via sale (more than the $11k you put as a DP) as the truck should still easily be worth $40k+.
You would think it would be 40k+ I bought a 2012 with 26k miles for under 50 in july.
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  #26  
Old 10-28-2013, 08:04 AM
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Re: Are the lease-numbers on jeep.com confirmed?

So MotorCity must have deleted a post he made last night after my calculation break down. Basically this is a company vehicle for him, which gets changed out every couple years along with their fleet to keep the big 3 clients happy. So it's not a traditional POV buy on your own finances. With that known, you can throw out the financial cares.

Josh, your price is directly related to miles. Basically 26k miles in one year, that's high. I would think if these $65k vehicles can't bring $40k after 3 years, then they aren't long for the future product line in Chrysler. Low availability and "great value and performance" should continue to make them hold decent value long term, and if they don't it shows they aren't an item people want. On another forum I am on there was just a bunch of people talking about how they couldn't believe the WK1 SRT8 Jeeps were still selling used for mid-upper $30's.
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Old 10-28-2013, 08:39 AM
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Re: Are the lease-numbers on jeep.com confirmed?

Quote:
Originally Posted by Schleprock View Post
Josh, your price is directly related to miles. Basically 26k miles in one year, that's high. I would think if these $65k vehicles can't bring $40k after 3 years, then they aren't long for the future product line in Chrysler. Low availability and "great value and performance" should continue to make them hold decent value long term, and if they don't it shows they aren't an item people want. On another forum I am on there was just a bunch of people talking about how they couldn't believe the WK1 SRT8 Jeeps were still selling used for mid-upper $30's.
I have another close friend that wants a 2009 SRT GC. He'd be happy if I can find one under $40k, told me to buy it on the spot. In Toledo, there is only 1 used one at a dealership that I know of, and they're asking around $38k for a 2008. Other than that, the only other SRT's are here, and we have 3 2014's.

I would buy, go long, and trade out after 3-4 years. Even if it has a ton of miles, you're not gonna get hurt too bad...especially with the 2014's. I can see the market for the pre-14's soften about 10%-15% just because of the new model launch.

There are 2 main reasons the used car price is strong, though. First- there's no employee discount, and second there are never any rebates. Leasing is what really drives the used car market, along with the sheer volume of Enterprise, Alamo, and Hertz et al leases that come due in 6 months.
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Old 10-28-2013, 09:23 AM
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Quote:
Originally Posted by Schleprock View Post
So MotorCity must have deleted a post he made last night after my calculation break down. Basically this is a company vehicle for him, which gets changed out every couple years along with their fleet to keep the big 3 clients happy. So it's not a traditional POV buy on your own finances. With that known, you can throw out the financial cares. Josh, your price is directly related to miles. Basically 26k miles in one year, that's high. I would think if these $65k vehicles can't bring $40k after 3 years, then they aren't long for the future product line in Chrysler. Low availability and "great value and performance" should continue to make them hold decent value long term, and if they don't it shows they aren't an item people want. On another forum I am on there was just a bunch of people talking about how they couldn't believe the WK1 SRT8 Jeeps were still selling used for mid-upper $30's.
True statement on the first paragraph, I deleted it , didn't like the way it read.
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