Notices
JK Talk General discussion forum regarding thoughts, opinions and rumors about the Jeep JK Wrangler or related subjects that don't quite fit in the Modified, Stock or Electronics forums.

Lease turn in

Thread Tools
 
Old 10-17-2012, 03:04 PM
  #1  
JK Newbie
Thread Starter
 
wrenglejr's Avatar
 
Join Date: Aug 2012
Location: Wayne, PA
Posts: 80
Likes: 0
Received 0 Likes on 0 Posts
Default Lease turn in

Has anyone recently turned in a JK from a lease with some mods (lift, tires, wheels)?

Got a great deal on a 13 lease and the dealer said they would look at the mods at increasing value. This may be a sales pitch, bit they are a lift friendly dealer.

Trying to determine if I should figure on returning to stock in three years when turning in. I know I can always buy it at lease end and sell myself or then trade in.
Old 10-17-2012, 04:48 PM
  #2  
JK Freak
 
hypeiv's Avatar
 
Join Date: Dec 2011
Location: Dallas, TX
Posts: 906
Likes: 0
Received 3 Likes on 3 Posts
Default

More than likely just feeding you a line to get the sale... depending on the mod they could lower the value of your jeep at trade time. If you are planning on modding you should look to do a purchase instead of a lease.
Old 10-17-2012, 04:54 PM
  #3  
JK Super Freak
 
gunbo75's Avatar
 
Join Date: May 2009
Location: Pleasant Hill Ca.
Posts: 1,456
Likes: 0
Received 2 Likes on 2 Posts
Default

Yep x2 to that buy it. Its a better way to go.
Old 10-17-2012, 07:10 PM
  #4  
JK Junkie
 
catahoula's Avatar
 
Join Date: Nov 2011
Location: Oregon
Posts: 2,998
Received 4 Likes on 4 Posts
Default

Buy, buy, buy!
Old 10-18-2012, 03:36 AM
  #5  
JK Enthusiast
 
a4x4high's Avatar
 
Join Date: Mar 2012
Location: thornton ,co.
Posts: 176
Likes: 0
Received 0 Likes on 0 Posts
Default

Agree I would just buy if you plan to mod. If you lease and decide to buy at the end then all your doing is paying for the same vehicle twice. Buy it ,mod it and have fun with it.
Old 10-18-2012, 04:59 AM
  #6  
JK Super Freak
 
wittys-jk's Avatar
 
Join Date: Jun 2010
Location: Tampa/Lutz, FL
Posts: 1,297
Likes: 0
Received 0 Likes on 0 Posts
Default

Bought my 2008 from somebody who had leased it and ended up stealing the jeep with 17K of highway miles no mods though but definately loaded and almost brand new. Keep your mods if you can take them off and sell them or use them again and buy the vehicle if you can.
Old 10-18-2012, 12:16 PM
  #7  
JK Newbie
 
Foxer25's Avatar
 
Join Date: Jan 2012
Location: Michigan
Posts: 20
Likes: 0
Received 0 Likes on 0 Posts
Default

Anyone have experience buying a lease after adding mods? Any issues/penalties for modding while leasing even if you buy it? I wouldn't think so but was wondering if anyone else has done this.
Old 10-18-2012, 01:16 PM
  #8  
Super Moderator
 
Ryan0260's Avatar
 
Join Date: Jun 2011
Location: Hendersonville, Tennessee
Posts: 11,033
Likes: 0
Received 80 Likes on 72 Posts
Default

I would pull the mods and sell them, or swap them to the new one. They won't give you anything for the mods
Old 10-18-2012, 01:17 PM
  #9  
JK Enthusiast
 
Spank's Avatar
 
Join Date: Aug 2008
Location: CO
Posts: 300
Likes: 0
Received 0 Likes on 0 Posts
Default

Originally Posted by wrenglejr
Got a great deal on a 13 lease and the dealer said they would look at the mods at increasing value.
Your dealer is full of it. Mods have absolutely no resale value whatsoever. Furthermore, the value of any vehicle you purchase or lease will never increase. Ever. Once you take a new vehicle off the lot, it immediately loses between 8 and 15% of its original purchase value on depreciation. However, the beauty of the Jeep Wrangler is that it doesn't depreciate more than that for the next few years as long as you don't pile too many miles on the engine.

If you're leasing with the thought of possibly buying when you're done, you're really better off just buying now.
Old 10-19-2012, 09:19 AM
  #10  
JK Junkie
 
Matthewd5's Avatar
 
Join Date: Jan 2012
Location: Auburn Maine
Posts: 2,828
Received 0 Likes on 0 Posts
Default

I used to lease grand Cherokees with the v8 as a company car, new one every three years, anything you add at best gives you zero benefit and often can cost you money for them to remove it.

Matthew


Quick Reply: Lease turn in



All times are GMT -8. The time now is 08:46 PM.