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-   -   Leasing.... (http://www.jeepgarage.org/f73/leasing-14782.html)

morecowbell 11-04-2010 09:22 PM

Leasing....
 
Does Jeep offer a 24 month lease or anything shorter than 36 months?

jeep2011 11-04-2010 09:24 PM

Re: Leasing....
 
Sure they can customize the lease anyway you want it.

morecowbell 11-04-2010 09:35 PM

Re: Leasing....
 
Ah, I see. I'll ask the dealer...but id assume the 24 month will be quite a bit more....

jeep2011 11-04-2010 09:36 PM

Re: Leasing....
 
Yes, 30 months use to be the sweet spot. Its been a long time since I have looked at leases.

Knightrider03m 11-04-2010 11:17 PM

Re: Leasing....
 
39 months is now the sweet spot..... sigh

Marlon_JB2 11-05-2010 12:15 AM

Re: Leasing....
 
Don't do it. Buy the Jeep.

Leasing is.... leasing is..... not cool.

jimoverland 11-05-2010 07:00 AM

Re: Leasing....
 
Leasing a Jeep doesn't make financial sense anymore since Chrysler Financial stopped originating new deals. Your payment will be close to or more than it would be if you purchased it.

Knightrider03m 11-05-2010 07:35 AM

Re: Leasing....
 
Quote:

Originally Posted by Marlon_JB2 (Post 296349)
Don't do it. Buy the Jeep.

Leasing is.... leasing is..... not cool.

x2

QBNKID 11-05-2010 07:40 AM

Re: Leasing....
 
Quote:

Originally Posted by jimoverland (Post 296381)
Leasing a Jeep doesn't make financial sense anymore since Chrysler Financial stopped originating new deals. Your payment will be close to or more than it would be if you purchased it.

X 1000000000000000000
Totally agree.

morecowbell 11-05-2010 07:45 AM

Re: Leasing....
 
I like to get new cars every 3 years, so I haven't EVER bought a car. I'm considering it here, but I know that in 2-3 years i'm going to get ansolutely crushed when I go to trade it in...thats what stops me

jimoverland 11-05-2010 08:00 AM

Re: Leasing....
 
Quote:

Originally Posted by morecowbell (Post 296394)
I like to get new cars every 3 years, so I haven't EVER bought a car. I'm considering it here, but I know that in 2-3 years i'm going to get ansolutely crushed when I go to trade it in...thats what stops me

I'm the same way and leases have traditionally met my needs and provided a lower payment (since I was gaining no equity). But this time the lease deals are not favorable from a payment stand point, so it makes more sense to buy and get the equity.

The payoff value on the lease I had on my 07 Overland was 20k - the market value was +/-26k due to its condition and low miles (~32k).

All things being equal, I should be in a positive equity situation after my typical 3 year hold.

And remember, you can afford to take a bit of an equity loss on a trade-in since it will be offset with the taxable basis reduction afforded by trading-in.

tkln 11-05-2010 08:22 AM

Re: Leasing....
 
I am definitely paying a lot more for my Laredo X lease than I did for my 06 limited...but the world is a different place now, lol. I knew going in I'd be paying more, but I am in a similar boat - I like a new car every few years. But, and this is a big but, the lease is a business expense for me, so the tax write off makes it worth it.


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