Could someone check if the lease numbers have been released since its January?

bbradshaw14

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No - I check every week since November and nothing new. Quotes are all estimates based upon JK. Hoping to see something in Feb!
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Not likely till a day or two.
Are these current numbers through CCAP for the JK or could these be JL as well? Found them on Edmunds:

1. Sahara- Standard MF and 66%/65% residual for 36/39 mo. 12k
2. Rubicon- Standard MF and 69%/68% residual 12k
 

SuperSanta503

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Walked in the dealership today with all intentions of leasing a Jeep but ended up financing instead. They quoted the lease using Ally on a 39 Month 15k mile lease for a Sport S JLU. Pulled over an 830 credit score (they used equifax, really guys), came back with an interest rate of 6.99% (.0029125) and a residual of 78%. Thanks to ThirtyOne and other posts hear i realized that was not what I considered a good deal. At the most I would have done a .0022 money factor and 71% residual as I planned to purchase after the lease. The financing payment was higher that I want to go, but not more than I can afford. YOLO.
 
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Walked in the dealership today with all intentions of leasing a Jeep but ended up financing instead. They quoted the lease using Ally on a 39 Month 15k mile lease for a Sport S JLU. Pulled over an 830 credit score (they used equifax, really guys), came back with an interest rate of 6.99% (.0029125) and a residual of 78%. Thanks to ThirtyOne and other posts hear i realized that was not what I considered a good deal. At the most I would have done a .0022 money factor and 71% residual as I planned to purchase after the lease. The financing payment was higher that I want to go, but not more than I can afford. YOLO.
How much was the monthly payment on the lease and down payment if you know?
 

mde8965

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Walked in the dealership today with all intentions of leasing a Jeep but ended up financing instead. They quoted the lease using Ally on a 39 Month 15k mile lease for a Sport S JLU. Pulled over an 830 credit score (they used equifax, really guys), came back with an interest rate of 6.99% (.0029125) and a residual of 78%. Thanks to ThirtyOne and other posts hear i realized that was not what I considered a good deal. At the most I would have done a .0022 money factor and 71% residual as I planned to purchase after the lease. The financing payment was higher that I want to go, but not more than I can afford. YOLO.
Did you mean a 68% residual instead of 78%. 78% would make the monthly payments super cheap
 

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Did you mean a 68% residual instead of 78%. 78% would make the monthly payments super cheap
Yeah but offset by a high money factor. That's what people do - the payment looks good so they don't question the numbers.

And maybe that is ok as long as you are informed. If you know you will stay under on mileage and you don't mind walking away at the end of the lease go ahead and be a payment buyer.

With a normal (for a Wrangler) money factor and a typical residual you can at least walk away with 10% equity at the end of a 36 month lease. With this kind of deal the payment looks the same but it's not a good deal.
 

Jcaron9gt4

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10% down, $450ish payment, 39 months, invoice price was 37650 or so.
$450 with 10% down and 78% residual? Something doesn't add up, that's way too high of a payment. Depreciation alone is in the ballpark of $120/month. Even a money factor that high wouldn't bring it to 450/month.
 

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10% down, $450ish payment, 39 months, invoice price was 37650 or so.
Not sure what type of wizardry math the dealership were attempting to use but $450 is at minimal $125 higher than the quote should have been with all the inputs/variables you gave us. Invoice of $37650, so we'll assume an MSRP of $41k, you stated 10% down or $3765 (which is not advisable on this lease) at 15k/39mo. MF of .0029125 and RV of 78%....payment would have been much closer to $320.
 

mde8965

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Not a typo. I was hoping to buy it back at the end of the lease, but not at 78% after 39months of $450ish payments.
Wow you and @ThirtyOne opened my eyes to this shady practice. I’ve leased several BMWs and the money factors and residuals are widely publicized. BMW actually artificially boosts the residual but the money factor is always super low so payments are very reasonable. But at the end of the lease you are upside down. So if you want to buy the car from the lease the dealer has to agree to buy the car from BMW at a good discount usually then sell it to you for a small profit. But most walk away from these leases. Not many want to own a BMW out of warranty anyways. LOL
 
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