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2020 Jeep Compass Altitude 4x4 Lease

nyc8920nyc8920 Member Posts: 10
edited February 2020 in Jeep
Would someone mind checking over this lease deal and letting me know if this is a good deal? The location is 11102 and it has the popular equipment group, interior protection package, sunroof, and 8.4-inch display. Do you think I can get the price lower?

MSRP: 34,345
Dealership discount: 2,919
Rebate: 3,750
Lease term: 36 months
Annual mileage: 10k
Money factor: .00013
Residual: 45%

They're saying the monthly lease would be $269 but I would need to put 5k down, which I don't feel comfortable doing.

Thanks!

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    MichaellMichaell Moderator Posts: 242,585
    nyc8920 said:

    Would someone mind checking over this lease deal and letting me know if this is a good deal? The location is 11102 and it has the popular equipment group, interior protection package, sunroof, and 8.4-inch display. Do you think I can get the price lower?

    MSRP: 34,345
    Dealership discount: 2,919
    Rebate: 3,750
    Lease term: 36 months
    Annual mileage: 10k
    Money factor: .00013
    Residual: 45%

    They're saying the monthly lease would be $269 but I would need to put 5k down, which I don't feel comfortable doing.

    Thanks!

    The MF and RV you shared suggests this isn't a Chrysler Capital lease; we show
    .00018 MF
    49% RV
    $3000 incentives

    I agree - $5K is way too much to start a lease with. Ask them to requote you with only the first payment, NY state taxes and NY state registration costs up front.

    With the numbers you've provided (figuring the cap cost as $27,676), I get a payment of $345/mo. Assumes that the $5K up front covers all your taxes and fees, with some left over for a cap reduction.

    It's not a bad deal, it's just a mediocre lease program.

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