Looks like a lease on a Gladiator will be $143/mo

[USAFRecon]

Not a bad deal honestly, if you are into leasing. Figured you guys would like to know!

https://www.motortrend.com/news/202...RaWdA7GECXN3ImQ1fdbqboiCHUGTjJMQNIs4TtsYx1Iu0

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[RedTRex]

$143...... dang

 

[Ichthus]

Also of note, “a predicted 89% residual after 24 months”. Sooooo....good luck to anyone hoping to find a good deal on a used one in a couple years

 

[john94si]

My fine print also showed 5k miles per year..

 

[bangolia]

This seems too good to be true. Maybe it’s an error in the code.

 

[41Willys]

Also of note, “a predicted 89% residual after 24 months”. Sooooo....good luck to anyone hoping to find a good deal on a used one in a couple years

Maybe. But then again, if the used price is not significantly better than new, how will they sell used? Better financing on new would likely close any gap significantly.

So if that is true, the only way to sell used is to widen that gap by lowering the price. Or do I not understand?

 

[Ichthus]

The same way they’ve been selling used Wranglers and Tacoma’s. Some people refuse to buy new under the illusion that they’re saving money. Also, the NEW cost goes up every few months. So, if a 2022 is $900 more expensive than the same truck now, the used truck that has only lost 10% of its value looks like it is $4400 cheaper instead of $3500

 

[Haus]

Both offers assume a 10-percent down payment of $3,504.

This is a two year lease. 3504/24 = $146 per month. That's a $289 per month lease that you paid half of at the beginning. Still a decent deal, but they certainly cherry picked the numbers to get you excited.

 

[megamucho]

This is a two year lease. 3504/24 = $146 per month. That's a $289 per month lease that you paid half of at the beginning. Still a decent deal, but they certainly cherry picked the numbers to get you excited.

I would never put money down on a lease... Imagine an accident that totals the vehicle. Gap insurance only covers what the finance company needs to see to become whole; if you put half of the lease cash down upon purchase, you're out that money forever...

~$300/month with no money down for access to a brand new vehicle these days is a smoking deal, provided you are not set on a long-term ownership path. I prefer to ride a bike whenever possible, so the lower mileage on these lease deals is fine for me.

 

[bangolia]

This is a two year lease. 3504/24 = $146 per month. That's a $289 per month lease that you paid half of at the beginning. Still a decent deal, but they certainly cherry picked the numbers to get you excited.

really with there was a $419 lease deal. that would have made me smile

 

[Dietruck]

I would never put money down on a lease... Imagine an accident that totals the vehicle. Gap insurance only covers what the finance company needs to see to become whole; if you put half of the lease cash down upon purchase, you're out that money forever...

.

Not really true. You are right for the gap insurance they include in the lease but you can buy "new car insurance" from you insurance company that covers to the value of the car (not only the finance amount). Thinking of it like renters insurance vs. homeowers insurance.

Yes I already looked into this. It is another falsehood of leasing. You just need to know what your are doing.

 

[megamucho]

Not really true. You are right for the gap insurance they include in the lease but you can buy "new car insurance" from you insurance company that covers to the value of the car (not only the finance amount). Thinking of it like renters insurance vs. homeowers insurance.

Yes I already looked into this. It is another falsehood of leasing. You just need to know what your are doing.

Good point, but the lease already includes GAP.... I've never looked at options to choose my own GAP vs. what's rolled in to the lease. Does anyone read all of that fine print?

 

[Dietruck]

Good point, but the lease already includes GAP.... I've never looked at options to choose my own GAP vs. what's rolled in to the lease. Does anyone read all of that fine print?

I do. I also never sign anything with blank spots.

I did more reading since my post. See the below link.

https://www.allstate.com/tr/car-insurance/new-car-insurance.aspx

summary:
Gap insurance for a lease or loan is the same thing. They cover the financed amount. So if you would put a big down payment on a loan, lease or buy it cash. You are at the same risk with the amount you are out of pocket.

New car replacement coverage. Is what protect you from the "just off the lot" price drop. You can get this for any new car. Loan, leased or cash

A lease is really just a different type of loan. It doesn't matter which you do. The bank owns the title.

 

[steffen707]

Not really true. You are right for the gap insurance they include in the lease but you can buy "new car insurance" from you insurance company that covers to the value of the car (not only the finance amount). Thinking of it like renters insurance vs. homeowers insurance.

Yes I already looked into this. It is another falsehood of leasing. You just need to know what your are doing.

i got this with our new van, it also comes with replace car with a 2 year newer vehicle option. Not sure how all that would play out, but it was like $30 a year more, so i bit.

 

[Mnext02]

I want this lease. Has anyone actually got it?

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