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defiant 12-28-2010 04:13 PM

Why do the GC leases still suck?
This vehicle is light years better than the '10 - yet the lease residuals are awful. How can Mercedes have 2 year residuals near 70% and 3 years over 60%? Usually the more expensive cars plummet - yet Jeep is lucky to beat 42% at 3 years? What gives?


xmonger 12-28-2010 05:29 PM

Re: Why do the GC leases still suck?
Much of it has to due with past history. Prior Grand Cherokee values dropped like a rock due to continual oversupply and steep manu/dealer discounts. However, Chryco stopped that way of doing business with this new GC. I think it will take a while for resids to reflect the positive changes.

In the meantime, if you lease a GC and at the end of your lease the vehicle is worth a lot more than the resid value , buy it and sell it to re-coup the difference.

Knightrider03m 12-28-2010 07:20 PM

Re: Why do the GC leases still suck?
What gives?

Its a Jeep..... a 30K Jeep.

With the rental car market soon picking up the new WK as their new rental car "flagship" SUV. Just think about it like this, I was able to get the WK2 as a rental car before some of the people on this site could their ORDERED Jeeps. The rental car market puts a huge wet blanket over the used car market...... that and police cars Also the Jeep being so cheap that almost anyone with a credit score of 720 or better can waltz in the dealership and get it with little to no money down and pick one up. Plus the fact that in a year or less, the rebates of the WK is going to start pouring in and people would be able to, once again, pick up a new Grand Cherokee for at or around 25-26K. Your GCs WILL NOT hold its value and it is going to be like every other Jeep on the road. That is why the residuals on the Grand Cherokee is so poor.

White Chocolate 12-28-2010 07:34 PM

Re: Why do the GC leases still suck?
Leasing is for girls

defiant 12-29-2010 10:19 AM

Re: Why do the GC leases still suck?

Originally Posted by White Chocolate (Post 324503)
Leasing is for girls

best reply evah!

henry22 12-29-2010 03:18 PM

Re: Why do the GC leases still suck?
I would not be looking for big incentives as to limited supply. With the Durango coming on line GC production would be less and exports will also increase.

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