JL Lease info.

[ryshla3]

just leased a JLU last night at a long island dealership.

This is my first jeep, and i really really should get the technical package, (they don't have any in stock), the tiny 5 inch screen with all those buttons look so much like 80s



JLU sports s, o down, 39/7500mile, 0 down, 305/month.

• BASE PRICE$30,995
• OPTIONAL EQUIPMENT$9,400
  
• DESTINATION CHARGE$1,445
• NET PRICE2$41,840

• • Customer Preferred Package 24S$3,200
  • 17-Inch x 7.5-Inch Tech Silver Aluminum Wheels
  • Power Windows with Front One-Touch-Down Feature
  • Speed Sensitive Power Locks
  • Power Heated Mirrors
  • Remote Keyless Entry
  • Security Alarm
  • Sun Visors with Illuminated Vanity Mirrors
  • Automatic Headlamps
  • Leather-Wrapped Steering Wheel
  • Deep Tint Sunscreen Windows
  • Convenience Group$195
  • Universal Garage Door Opener
  • Cold Weather Group$895
  • Heated Front Seats
  • Heated Steering Wheel
  • Remote-Start System (N/A w/Manual Transmission)
  • Jeep® Active Safety Group$895
  • ParkSense® Rear Park-Assist System
  • Blind-Spot and Cross-Path Detection
  • LED Tail Lamps
  • All-Weather Floor Mats$130
  • 8-Speed Automatic Transmission$2,000
  • Hill Descent Control
  • Tip Start
  • Black Freedom Top® 3-Piece Hard Top$1,095
  • Delete Soft Top
  • Rear Window Wiper / Washer
  • Rear Window Defroster
  • Freedom Panel Storage Bag
  • Tubular Side Steps$695
  • SiriusXM® Sat Radio w/ 1-Yr Radio Subscription$295
  • For More Info, Call 800-643-2112

Hey, Ericccccc. Just curious, what dealership on the island did you lease from? I'm in the market and live in Suffolk County. Thanks.

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[FishyGuy]

As a point of reference, I took delivery on a JLU lease earlier this month.
53K MSRP
47K Selling price
71% residual
.00193 MF
36/12k
Dealer “Documentation Fee” of $700 which is typical in the DC area


Lease was with Chrysler Capital

FWIW, I agree with other comments; from a purely financial position, buying out a lease is usually more expensive due to higher interest charges, compared to buying outright. For me, it’s a risk analysis. What if the vehicle is in a bad wreck and the resale value takes a hit? I like having first dibs to buy my vehicles after the lease is over since I know they’ve been well maintained, etc. If the market value is higher and I can make money by buying and reselling, great... if not, I get to walk away from it.

 

[yongming]

As a point of reference, I took delivery on a JLU lease earlier this month.
53K MSRP
47K Selling price
71% residual
.00193 MF
36/12k
Dealer “Documentation Fee” of $700 which is typical in the DC area
VA sales tax of 4.15% on selling price wrapped in
First month only due at delivery and payments are 490.
Lease was with Chrysler Capital

FWIW, I agree with other comments; from a purely financial position, buying out a lease is usually more expensive due to higher interest charges, compared to buying outright. For me, it’s a risk analysis. What if the vehicle is in a bad wreck and the resale value takes a hit? I like having first dibs to buy my vehicles after the lease is over since I know they’ve been well maintained, etc. If the market value is higher and I can make money by buying and reselling, great... if not, I get to walk away from it.

Is that Rubicon? Can you share detail numbers?

 

[FishyGuy]

Is that Rubicon? Can you share detail numbers?

Yes, a Rubicon, send me a PM.

 

[jhonn236_AZ]

Holy cow - I just got a quote on a Rubicon:

10k miles is $579 with $1500 down, 72% res, and 12k miles is $593 with $1500 down, 71% res.

MF = 0.00286 !!! Is that normal? or are they trying to rip me off?

 

[yongming]

Holy cow - I just got a quote on a Rubicon:

10k miles is $579 with $1500 down, 72% res, and 12k miles is $593 with $1500 down, 71% res.

MF = 0.00286 !!! Is that normal? or are they trying to rip me off?

Yes its little bit high.
This is Rubicon 36months lease I got couple days ago.

 

[aug0211]

That MF is high, yes.

 

[ThirtyOne]

Holy cow - I just got a quote on a Rubicon:

10k miles is $579 with $1500 down, 72% res, and 12k miles is $593 with $1500 down, 71% res.

MF = 0.00286 !!! Is that normal? or are they trying to rip me off?

If you have a build sheet then i will run some numbers for you.

 

[jhonn236_AZ]

If you have a build sheet then i will run some numbers for you.

I do have one. That'd be great! Thank you.

I saw your username on the edmunds forums too lol. all they say is "Standard MF" - MODS aren't really helpful for Wranglers....

 

[gex598]

Was quoted on two leases and a purchase today:

Sahara MSRP $49145/Selling $43796

36/12k $505 with $4k down includes taxes and dealer fees 66% residual
48/12k $459 with $4k down includes taxes and dealer fees 63% residual

Do these seem reasonable?

 

[jhonn236_AZ]

Yes its little bit high.
This is Rubicon 36months lease I got couple days ago.

That looks better than my quote! Dang it. Looks like you did it with Chrysler Capital - mind if I ask your credit score? I am in the 780-800 range and STILL, they tried to rape me with that MF.

 

[ThirtyOne]

I do have one. That'd be great! Thank you.

I saw your username on the edmunds forums too lol. all they say is "Standard MF" - MODS aren't really helpful for Wranglers....

What price are you paying? EP?

 

[jhonn236_AZ]

What price are you paying? EP?

Yea.

Actually no - 5% below invoice!

 

[yongming]

That looks better than my quote! Dang it. Looks like you did it with Chrysler Capital - mind if I ask your credit score? I am in the 780-800 range and STILL, they tried to rape me with that MF.

Mine is about same with you.

 

[aug0211]

Mine is about same with you.

Check out “CULA” - google CULA lease. Residuals can be found there for most banks/CUs.

For MF, .00174 was a great number last month but is going up or already has - plan for something like the standard Chrysler .00196.

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