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.