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Car Buying Advice - Leasing a Jeep?

anthony135anthony135 Posts: 2
edited April 2017 in Jeep
Hello,

First time ever considering a lease. I am looking to buy or lease a Grand Cherokee Laredo 75th addition with Navigation. Here's the break down:

~37,500 w/Taxes for the car
~ 5,500 for my trade
~ 2,300 for a down payment
300 a month for 36/15,000 miles a year

Residual Value is 22,198- May look to buy at the end.

Is that a good deal for a lease?

On the other side if I decide to buy.

37,500 w/Taxes
5,500 for my trade
9,000 for a down payment
430 a month for 60 months

Which one is a better deal?


Only issue that I am debating about financing because it's a lot more a month.... but I won't struggle with the payment.

Thank you!

Best Answer

Answers

  • Thank you for the feedback!

    Do you think it's wise to go into a 66 or 72 month finance? Again, only asking, but I thought about potentially paying more into the payments. Potentially doing double monthly payments when I can.

    Do you think 37,500 for a 75th addition is a good price?
  • kyfdxkyfdx Posts: 120,446

    Thank you for the feedback!

    Do you think it's wise to go into a 66 or 72 month finance? Again, only asking, but I thought about potentially paying more into the payments. Potentially doing double monthly payments when I can.

    Do you think 37,500 for a 75th addition is a good price?

    We don't track pricing.

    66-72 months is fine, if the rate is the same as the 60 month term. If the rate is higher, then it's not worth it.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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