dshark1
Well-Known Member
- First Name
- Sunny
- Joined
- Jun 29, 2021
- Threads
- 44
- Messages
- 798
- Reaction score
- 908
- Location
- Fort Lauderdale, FL
- Vehicle(s)
- 2021 Rubicon JLR
- Thread starter
- #16
I guess this is what buying off the lot will cost vs ordering. At least u said it’s not the worst deal U seen? Lol thx for the input.Nothing complicated about this deal - he’s basically paying $400 below sticker but paying 6,700 in rental (interest expense) for the lease. I don’t see this as a great deal (no real discount) but not as bad as some. I am estimating the imputed interest rate on the lease at about 4%…and the lease residual at 58.5%…which helps keep the payment down. The lease residual plus a few fees is what your brother will pay to buy the Jeep at the end of lease if he wants to keep the Jeep. I am assuming he has no plans to make mods to the Jeep…if he elects to buy the Jeep at lease end he will need to return it to OE condition. Leases don’t work for those who want to make changes to their rides…. I’ve personally made some good deals using leases…but I know what I am doing. With a lease it’s very easy for a dealer to manipulate the price, lease factor (interest rate), and lease residual. A lot of moving parts which can be used to screw someone like your brother..
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