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Chrysler Pacifica Fathom Blue
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78 Posts
Model Year:
2022
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Gas
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Touring L AWD
Discussion Starter · #41 ·
That's another reason I don't believe the KBB $20,000 depreciation Trade-in value of my 1 month old, 2022 Pacifica Touring L AWD w/ only 244 total miles. The market conditions alone suggest otherwise considering the latest shortage of new car inventory with just about every manufacturer? Good luck finding new minivans from any of the 4 (Chrysler, Toyota, Honda or Kia) in stock & on dealer lots ready to test drive (barring extremely large, high volume dealerships in big cities).
 

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Chrysler Pacifica Fathom Blue
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78 Posts
Model Year:
2022
Gas / Hybrid:
Gas
Trim:
Touring L AWD
Discussion Starter · #42 ·
Here is my personal experience with depreciation on the Chrysler Pacifica.

For those who believe that it’s not a good idea to lease a vehicle, I have had a very lucrative experience whereby I leased 4 new vehicles since March, 2022, moved up the MSRP ladder each time, lowered my monthly lease payments each time, all with not a penny out of pocket. All extra costs and fees were rolled up into the lease.

On March 19th, 2022, I traded in my 2021 Chrysler Pacifica Hybrid Limited (MSRP $52,225) with 5,176 miles on it (monthly lease payment of $449) on a 2022 Chrysler Pacifica non-hybrid FWD Limited (MSRP $52,767), 24 month/10K yr lease, with a monthly lease payment of $289.

On July 8th, 2022, I traded in my 2022 Chrysler Pacifica non-Hybrid FWD Limited with 1,520 miles on it on a 2022 Chrysler Pacifica non-hybrid AWD Limited (MSRP $55,757), 24 month/10K yr lease, with a monthly lease payment of $256.

On December 10th, 2022, I traded in my 2022 Chrysler Pacifica non-hybrid AWD Limited with 2,443 miles on it on a 2022 Jeep Grand Cherokee 4Xe (MSRP $63,955), 27 month/10K yr lease with a monthly lease payment of $225.

On January 20th, 2023, I traded in my 2022 Jeep Grand Cherokee 4Xe with 635 miles on it on a 2022 Jeep Grand Cherokee 4Xe (MSRP $65,950), 27 month/10K yr lease, with a monthly lease payment of $167. The difference between the two Jeeps is that the latter one has 20” wheels versus 18” wheels on the one I traded in. My discounts included a $2,330 discount from the dealer, $7,500 Bonus Cash from Stellantis (Federal Tax Credit passed down as bonus cash), $2,000 US Bonus Cash from Stellantis, $1,000 Owner Appreciation Month Loyalty Bonus Cash from Stellantis, and $2,000 in additional Bonus Cash. I also got $53,000 on my trade and after paying off the lease, I had a net equity of $9,918. The total discount off of the price of my new Jeep amounted to $24,748. There is no other vehicle out there that I could get that would even come close to that figure. My equivalent interest rate on the lease is 3.72%.
In addition, since the July deal had so much excess equity (received $51,500 trade-in), the dealer had to mail me a check to cover the excess equity. That check was used to pay for my entire monthly lease payments since March, 2022 with enough left over to cover the next 2 monthly payments on my new Jeep.

I “gamed” the system legally.
Wow, that's the most new car leases and trade-ins I've ever seen by anyone in a one year time period for sure. Seems you figured out a system for trading in new Car leases after 3 months or so for another new leased vehicle. More importantly your system of super short term new car leasing/trade-in/new car lease somehow has saved you $ while getting to drive a different new car every few months or so, job well done.
 

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2022 Jeep Grand Cherokee 4Xe with 20" Wheels
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Thanks, I just got lucky to hit the peak period of high trade-ins. The advantage of doing what I am doing is that I live in Dover, DE where the state tax is calculated by taking the MSRP and subtracting the trade-in and multiplying that total by 4.25%. By trading in my vehicles often, I am able to take advantage of a small state sales tax. Also, because of all of the bonuses, discounts, and rebates, I am able to lower my monthly lease payments. I also benefited from having a very savvy sales manager who was able to get a residual value of 65% on my 2 year lease. I also benefited from the 3.72% interest rate on my lease because my credit score is above 800. Of course, the deals on the Jeep 4Xe would not be possible without the $7,500 Federal Tax Credit.

With the Federal Tax Credit due to expire on February 28, 2023, as indicated by Stellantis, I have time to try and squeeze in one more deal to make it 5 new vehicles in under a year with my goal to reach the Summit (pun intended). It may be possible that Stellantis will extend that bonus but it will be up to the banks to continue to pass that onto the lease customers. I have been able to take full advantage of that FTC because I am the lessee, not the leaser; that credit goes to the owner of the vehicle which are the finance companies. I have been able to get that credit on my 2021 Pacifica Hybrid and my 2 Jeep GC 4Xes. I was able to qualify for the Customer Loyalty Lease Bonus Cash of from $6K to $8K when I leased my 2 non-hybrid Pacificas.
 

· Premium Member
Chrysler Pacifica Fathom Blue
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78 Posts
Model Year:
2022
Gas / Hybrid:
Gas
Trim:
Touring L AWD
Discussion Starter · #44 ·
Thanks, I just got lucky to hit the peak period of high trade-ins. The advantage of doing what I am doing is that I live in Dover, DE where the state tax is calculated by taking the MSRP and subtracting the trade-in and multiplying that total by 4.25%. By trading in my vehicles often, I am able to take advantage of a small state sales tax. Also, because of all of the bonuses, discounts, and rebates, I am able to lower my monthly lease payments. I also benefited from having a very savvy sales manager who was able to get a residual value of 65% on my 2 year lease. I also benefited from the 3.72% interest rate on my lease because my credit score is above 800. Of course, the deals on the Jeep 4Xe would not be possible without the $7,500 Federal Tax Credit.

With the Federal Tax Credit due to expire on February 28, 2023, as indicated by Stellantis, I have time to try and squeeze in one more deal to make it 5 new vehicles in under a year with my goal to reach the Summit (pun intended). It may be possible that Stellantis will extend that bonus but it will be up to the banks to continue to pass that onto the lease customers. I have been able to take full advantage of that FTC because I am the lessee, not the leaser; that credit goes to the owner of the vehicle which are the finance companies. I have been able to get that credit on my 2021 Pacifica Hybrid and my 2 Jeep GC 4Xes. I was able to qualify for the Customer Loyalty Lease Bonus Cash of from $6K to $8K when I leased my 2 non-hybrid Pacificas.
I'm in New Castle, DE about 45 minutes north of you, small World!
 

· Premium Member
Chrysler Pacifica Fathom Blue
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78 Posts
Model Year:
2022
Gas / Hybrid:
Gas
Trim:
Touring L AWD
Discussion Starter · #46 ·
Here's more proof KBB valuations can't really be trusted on new Pacifica's:
Brand new Black 2022 Chrysler Pacifica Pinnacle AWD For Sale MSRP $58,362 (in Transit)
(VIN 2C4RC3PG9NR200374) Kelley Blue Book Trade-in Value below
This value is before it's even reached it's final destination Dealership or even been Sold! I don't trust KBB's bias against new Chrysler Pacifica's as valid any longer.
Product Azure Wheel Automotive parking light Font
 

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2021 Pacifica Pinnacle Hybrid
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142 Posts
KBB is known to work for dealers and not consumers. They want dealers to get the best trade-in value so they can turn around and sell for $7k over what they paid. Same for truecar and many others.
 

· Registered
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41 Posts
Model Year:
2020
Gas / Hybrid:
Hybrid
Trim:
Limited Red S
Oddly enough, KBB says the following about my 2020 Red S Hybrid with 5K miles.

Trade in $46,828-$49,893
Private Party $50,653-$54,016

I paid $40K for this van (used) back in late October 2022. So I am theoretically ahead of the game!
 

· Premium Member
Chrysler Pacifica Fathom Blue
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78 Posts
Model Year:
2022
Gas / Hybrid:
Gas
Trim:
Touring L AWD
Discussion Starter · #49 ·
That seems much more realistic for a fairly new 2020 Pacifica Red S Hybrid w/ only 5,000 miles on it, great job!
 

· Premium Member
Chrysler Pacifica Fathom Blue
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78 Posts
Model Year:
2022
Gas / Hybrid:
Gas
Trim:
Touring L AWD
Discussion Starter · #50 · (Edited)
Here's KBB Trade-in value on a Brand new (26 miles) 2022 Pacifica Pinnacle Hybrid (Red) MSRP $59,800 below (This is further proof to me KBB can't be trusted for brand new (under 300 miles) Pacifica valuations)
Automotive parking light Tire Product Wheel Font
 

· Premium Member
Chrysler Pacifica Fathom Blue
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78 Posts
Model Year:
2022
Gas / Hybrid:
Gas
Trim:
Touring L AWD
Discussion Starter · #51 · (Edited)
KBB seems to favor the Japanese (Toyota Sienna, Honda Odyssey) & Korean (Kia Carnival) (note all the Honda/Kia/Toyota ads next to KBB Trade-in valuations) Manufacturer's Minivans over the North American Stellantis-Chrysler (Pacifica, Voyager) Minivans as far as valuations. That's despite rating the AWD Pacifica's as the best minivan to drive in inclement weather. According to Kelley Blue Book "There's only one minivan that made the list of best cars for snow. The Chrysler Pacifica Touring L AWD was among Kelley Blue Books recommendations for Best Cars and SUVs for Snow. The Pacifica equipped with AWD eases navigation during snowy and icy conditions".
KBB also lists the 2022 Chrysler Pacifica as the #1) Safest Minivan followed by #2) 2022 Honda Odyssey & #3) 2022 Toyota Sienna (2022 Kia Carnival didn't make the list)
see: kbb.com/best-cars/safest-new-suvs-minivans/
KBB considers the Pacifica's biggest cons as being the Highest Priced Minivan of the four w/ the lowest predicted reliability rating of its competition (which hardly seems fair considering that in the US Minivan Market alone for 2022 YTD totals Chrysler sold 98,624 Pacifica(s) followed by Honda selling 47,615 Odyssey(s) and Kia selling 17,075 Carnival(s) (Toyota Sienna 2022 YTD sale figures not listed) *More minivans sold usually equates to a higher number of reported problems especially when twice as many 2022 Pacifica(s) were sold in U.S. Market than 2022 Odyssey(s) & more than five times as many 2022 Pacifica(s) sold than 2022 Carnival(s). Perhaps the total number of Pacifica's is the biggest reason for it's higher depreciation?
 
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