whats up guy s,,i was looking for a srt8 but i am trying to figure out if will it be worth it to buy ,,or should i just lease it for 39 months what have everyone done on this site,,,any infor will help ,,,,if u did lease ,,what r ur payments compared to financing ,,thanks soo much

These vehicles do not lease well at all. I'm financing my black one. Paid cash for the Red one.

I've heard the same about leasing. I'm thinking about buying one as well. Anybody know if any incentives are coming out in the near future?

I've heard the same about leasing. I'm thinking about buying one as well. Anybody know if any incentives are coming out in the near future?

Doubt there will be any factory cash back incentives (haven't been to date). Chrysler might do the 0% financing again at model year end like was done on the 06s, that's a possibility.

Doubt there will be any factory cash back incentives (haven't been to date). Chrysler might do the 0% financing again at model year end like was done on the 06s, that's a possibility.

There was no 0% financing on the 06's, just employee pricing.

There was no 0% financing on the 06's, just employee pricing.

Duh, that's right........slipped my mind.

Leased my 06 GCSRT for $714/month, 36 months, $2000. down.

I bought mine for employee price. :)

i'm leasing for 39 months.... 795/month (fully loaded 07)..... but if you're gonna put a lot of miles on it and u keep cars leasing is too expencive.

Paid cash. No deals. Dealer was/is a jerk. Found another dealer that seems much more competent. Should have bought it there...:mad:

Paid cash. No deals. Dealer was/is a jerk. Found another dealer that seems much more competent. Should have bought it there...:mad:

Same for me.

Employee pricing here.

06 jeep srt8 fully loaded

27 month lease, $1000 down

paying $795 a month.

do you guys think that is a good deal?

How many miles/yr do you get?

Paid cash. Sorry I couldn't be more helpful in this thread.

Paid cash. Sorry I couldn't be more helpful in this thread.

So why did you post? I don't think he's really that concerned with those who paid cash. :)


jordo9998.......your deal is ok for being a GC SRT8. But overall the deal is nothing to write home about
when compared to other more expensive vehicles you could get under similar terms.

06 jeep srt8 fully loaded

27 month lease, $1000 down

paying $795 a month.

do you guys think that is a good deal?

1. Does your payment amount include tax?

2. What was the capitalized cost of the vehicle?

3. What is the residual value at the end of the lease?

You can't tell if it's a good deal or not without these variables.

i get 12,000 mi a year..

I can say the residual is very bad on these cars, but not sure what mine is.
how can i check what mine is?

With Zero down I could have piced up a loaded rangerover sport
(none supercharged) for 800 a mo.

But I didn't because before i got my lease on the srt8 a couple of my friends drive rovers and said they break down a lot. But I didn't really want to go on what they said because I like all the range rover models till this day.

So I went to the range rover dealer near my house and they gave me a brand new range sport to drive over the weekend. It had about 134 miles on it. when it became dark outside I turned on the head lights being it does not have auto head lights for what ever reason... One of the xeneon head lights was burnt out... I guess these cars do have a bit of problems because of all the gadgets in them... i still like them but it was 50 50.

I couldn't be more happy that i went with the srt8. I almost never see any on the road. it's fast and sharp being i love jeeps. this is my 3rd GC.

it does kill me to spend this much on a lease for a srt8, but i don't buy.
If jeep really does something crazy with the new model srt8 and it comes out when my lease is up, I might have to pick up another one, if not then I might try something different.

I can say the residual is very bad on these cars, but not sure what mine is.
how can i check what mine is?


It's in the lease contract. It's the amount you could buy the car for if you bought it at the end of the lease.

I guess I am not getting an SRT8 for the wife then? jeez, why are they leasing SO BADLY?? I could lease an Escalade for that $$$$? was it any better at a 48 or 60mos? I don't know if I could deal with that long though? But I do like the Jeep, just can't tow like my TBSS.. I would love to have both.

I guess I am not getting an SRT8 for the wife then? jeez, why are they leasing SO BADLY?? I could lease an Escalade for that $$$$? was it any better at a 48 or 60mos? I don't know if I could deal with that long though? But I do like the Jeep, just can't tow like my TBSS.. I would love to have both.

These days, you don't lease cars for 48 months anymore. There really is no reason to do so (max 39 months).

Most cars residuals really start to take a crap at the 4 yr mark and the difference in payment between 36 months to 48months is not worth the extra year in most cases.

60 month lease terms are very 1988-1990.

If you were to go with a 48 month lease, might as well just buy it on a 60 month finance.

Just financed mine. Silver w/everything.:D Lease payment was way too high.

FFSP, how much was the jeep and ur payment?

I used to sell cars when I was younger, just add up all the payments and fees for each scenario and compare. As a rule, sport cars do not residualize well, or as well as luxury cars. Special models are the worst I.E. GC SRT8.
I financed mine, traded in my 01RT Durango. Basically I put down 3g. I have an extended warranty 7/70, and financed for 72mos. @ 800mo.@ 7%.
Hope this helps. Btw price was $44615 minus $500 haggling.

FFSP, how much was the jeep and ur payment?

Got them down to 45,600, put down 4g's - $767 per month with GAP insurance. Interest rates suck right now.

If there was no 0% financing, then how come I have it on my 06? 0% for 36 months! Why lease? My accountant used to work for a Leasing company and one of the 1st things she told me years ago was "Do not Lease" Sure payments are less but what do you have at the end of the lease? NOTHING>

If there was no 0% financing, then how come I have it on my 06? 0% for 36 months! Why lease? My accountant used to work for a Leasing company and one of the 1st things she told me years ago was "Do not Lease" Sure payments are less but what do you have at the end of the lease? NOTHING>

Your accountant should go back to school. There are other factors that go into leasing beside that you have nothing in the end.

Basically, you have to look at the finance term in relation to what you spent on the lease.

So, if you spent $30k in the course of a lease. You have to take into account that if you sold your vehicle in 3 years, what will it be worth.

Condition and mileage matters, along with future demand.

Certain vehicles lease out very well, the GC SRT8 does not and is a poor example to go by.

Cars that have program inflated residuals and subsidized interest rates are a more fitting example.

I know someone who just leased an 06 Land Rover LR3 V8 SE for 30 months...MSRP was almost $52k. Payment is $500/month even, with $1k total out of pocket.

So that's about $16k over 30 months. Now if this person bought the LR3 and dumped it at the 30 month mark. You can count on that the LR3 would have lost at least $15k of its value over 30 months.

Not to mention, if you own your own business......leasing has its advantages.

Your accountant should go back to school. There are other factors that go into leasing beside that you have nothing in the end.

Basically, you have to look at the finance term in relation to what you spent on the lease.

So, if you spent $30k in the course of a lease. You have to take into account that if you sold your vehicle in 3 years, what will it be worth.

Condition and mileage matters, along with future demand.

Certain vehicles lease out very well, the GC SRT8 does not and is a poor example to go by.

Cars that have program inflated residuals and subsidized interest rates are a more fitting example.

I know someone who just leased an 06 Land Rover LR3 V8 SE for 30 months...MSRP was almost $52k. Payment is $500/month even, with $1k total out of pocket.

So that's about $16k over 30 months. Now if this person bought the LR3 and dumped it at the 30 month mark. You can count on that the LR3 would have lost at least $15k of its value over 30 months.

Not to mention, if you own your own business......leasing has its advantages.
I'm an accountant, and leasing and buying have their places. I don't ever want to have to keep looking at my odometer to make sure I'm not over mileage. Because of that, I won't ever lease.

You have to always look at the cost of the money in a lease. No one ever does. Because of this, some leases have usurous interest rates inherent within them. You have to compare the cost of the lease money along with the cost of finance money.

Also, in a lease, you are financing the entire capitalized cost, not just the amount you are paying for. Most people don't understand that as well.

Credit union interest rates have been in the 6% range around here. You have to shop for the money.

Lastly, since the GC SRT8 qualifies as a heavy SUV, pursuant to Internal Revenue Code Sec. 179(b)(6)(A), you can take $25,000 of expensing for tax purposes in the year of acquisition. That beats leasing any day.

Lastly, since the GC SRT8 qualifies as a heavy SUV, pursuant to Internal Revenue Code Sec. 179(b)(6)(A), you can take $25,000 of expensing for tax purposes in the year of acquisition. That beats leasing any day.

Please elaborate :confused:


It must be used for business?

http://www.chryslerfinancial.com/index.jsp

http://www.chryslerfinancial.com/navigation/pdf/CF_Leasing_Guide.pdf

Please elaborate :confused:


It must be used for business?

Yes, of course, to deduct the cost of any asset, it must be used for business purposes. You should talk to your tax professional about it.

Here is a link to a short discussion in the IRS publication: http://www.irs.gov/pub/irs-pdf/p946.pdf I believe it is on page 19.

Because of the ability to expense most the item in the year of acquisition, you will fully recover any down payment that you would make.