Hi ThirtyOne, may I pick your brain? I don't know anything about leasing so I'm trying to learn. Here's my situation:I'd say that price looks good. I would like to see the residual and money factor to make sure there is nothing too funny going on. I always say to do the math but I have looked at enough of these that a Sport in the mid-$300's is good.
Wow. A lot in there. Let me unpack it a little bit.Hi ThirtyOne, may I pick your brain? I don't know anything about leasing so I'm trying to learn. Here's my situation:
I want to lease a new tricked-out JLUR.
I'd like to order it from the factory. Can they even do that for a lease vehicle?
The MSRP is $53,045.
Is a final sales price of 5-8% off MSRP even realistic?
I'm in Lake County, FL where the tax rate is 7%.
I have a 2015 JKU Sport with 42k miles that I believe would sell for at least $30k privately because of upgrades (Smittybilt SRC rock rails, AEV rear bumper, AEV rear-dif skid plate, AEV front skid plate, AEV premium front bumper, Smittybilt X20 10,000 winch, Mopar OEM LED Fog lights, Mopar OEM LED headlights, Odyssey Extreme battery, Premium soft top, Jeep grab-handles, Katzkin leather, Mopar all-weather floor mats, Mopar black fuel door, Mopar black rear tail light guards, 17" Fuel wheels, Nitto Grappler 295/70/R17 tires)
Do dealers accept trade-ins for leases? How does that work? What do you think a dealer would offer for my Jeep? I owe $15k on it right now.
How much cash would be required? Can I put down additional cash? Should I?
I am looking at this as a lease-to-purchase deal.
Now here's the kicker...
My credit score is 725. My wife and I own our own business where we take a small W2 salary and we'd like to lease the Jeep as a business write-off. We do fairly well, but we also have a good accountant. Last year our business showed a loss.
Sorry if this is TMI but knowing all of this, can I even get a lease and what do you think the payment would be?
ThirtyOne, Thank you so much for the quick reply and the insight! I think the third option (Stealing a Jeep) may be my best bet, lol!Wow. A lot in there. Let me unpack it a little bit.
But if you want to get your payments down you will have to run the different scenarios and see what is right for you.
To assess any lease deal you need to provide:
Residual % or $
Listing of fees (dealer fees, doc fees, admin fees, DMV/ registration fees)
Tax rate in your state
If you ask dealer for the breakdown and they refuse to provide, then assume it’s a bad deal and move on.
Rubicon or Sahara?Hows this deal look ?? Any help is appreciated..
3 Year lease @ 15k py - $468.00 per month - with $3k trade equity down plus tax's
MSRP - $52,309
Selling Price - $49,334
Residual % - 69%
Money factor - .00193
Listing of fees (dealer fees, doc fees, admin fees, DMV/ registration fees)??
Tax rate in your state - %7.65
Rubicon or Sahara?
edit - Based on your user name I'll assume Rubicon. That looks like a solid Chrysler finance lease deal. But selling price looks high.
NoHope ThirtyOne is on.
2018 Jeep Rubicon Loaded. Deal doesn’t feel good.. thoughts?
Sell Price - $49,141
Money factor - 8% Ally ... yuck
36 mo 15k miles
$540 a month. Includes fees and taxes.
Any thoughts or help are appreciated!