Yes! We love our 2022 Limited Hybrid.
No. The reason I was able to afford the Chrysler Pacifica in the first place was the tremendous rebates and discounts I was getting early in 2022. The main one was the Customer Loyalty Bonus Cash typically averaging from $3K - $9K depending on the model you bought. Because I am retired, I can only afford the Pacifica by leasing and taking advantage of those discounts. Once those ended in August, I switched over to the Jeep Grand Cherokee 4Xe that offered even better discounts. I had a good run of new leases during 2022 into 2023. At this time, I am on my 4th new lease since March of last year. Here is how I was able to take advantage of the discounts and rebates and move up the MSRP ladder while at the same time lowering 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), 24 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 prior 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% (multiply the MF by 2400 to get the equivalent interest rate). The 24 month lease term is the most lucrative deal at this time. Last month, it was the 27 month term that was the best. I use the Payment Options link on either the Jeep website or the dealer website to compare the different payment options. When I use the dealer’s link, I put in bogus info to get pass the first screen.
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.
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 is 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 “gamed” the system legally.