dalema
Well-Known Member
Curious what's the current residual and Tier 1 MF from Ally - if you know?So I am currently leasing my Wrangler with the intent to buy it out at the end just to give some background. Anyways there are different rates depending on your tier approval which with an 810 score you should have no trouble qualifying for a tier 1 rate. to give you an idea on my personal breakdown... I ordered a 2021 Wrangler JLU Willys pretty loaded up with a window sticker price of $49,535... With my employee pricing I ended up with a purchase price of $46,515. I did 10k miles per year lease with a term of 48mo. with no trade and $2k out of pocket for a final payment of $434/mo. and that was with a tier 1 approval thru Ally. Currently Ally has the best lease programs for the Wranglers for getting the lowest lease payment since they're residuals (Remaining amount you can buy your lease out for at lease end) are absolutely insane. I had a 71% residual at the time of purchase. Only thing to really keep in mind is that lease programs change every month and dealers have no way of knowing whether they will change for the better or the worse until the new month starts so if you get a lease quote in November but don't pull the trigger until December then it may be better or it may also be worse than the original November quote. Only thing the dealer could do to help in that situation is over allow on the trade in or discount the vehicle at that point.
Residual Example: If you lease a vehicle with $50,000 MSRP and a 50% residual then once you get to the end of your lease you can buy it out for the residual amount which in this example would be $25,000.
If leasing, you'd also want to ask the dealer what US Bank would be - as an example I believe MF for them is currently 0.00065 vs CCAP at 0.00195, and the US Bank residual is currently similar.
The thing I've been told to watch out for is for any restrictions at lease end for US Bank or Ally (any restrictions on selling to a 3rd party like Vroom) or any costs to end the lease early. Any chance you know the details on that for Ally or US Bank?
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