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Lease deal.. any Good?

Jlb1177

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Jl rubicon unlimited. 48100. 10k . 48 month. 440 month. 440 down. Everything included. Tax title docs. Etc. OR 39 months 480 / month . 480 down ( first month payment). I believe the selling price is 46000.any good ?
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mb22

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Jl rubicon unlimited. 48100. 10k . 48 month. 440 month. 440 down. Everything included. Tax title docs. Etc. OR 39 months 480 / month . 480 down ( first month payment). I believe the selling price is 46000.any good ?
What dealer was this at?
 

mde8965

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Jl rubicon unlimited. 48100. 10k . 48 month. 440 month. 440 down. Everything included. Tax title docs. Etc. OR 39 months 480 / month . 480 down ( first month payment). I believe the selling price is 46000.any good ?
To assess any lease deal you need to provide:
MSRP
Selling Price
Residual % or $
Money factor
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.
 

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Bigdom55

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Was it Rothrock? I think this is a good deal. I'm looking to get a 15k lease.
 

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To assess any lease deal you need to provide:
MSRP
Selling Price
Residual % or $
Money factor
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.
What he said
 
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Jlb1177

Jlb1177

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48095 msrp
46000 selling
67% resi
.00200 mf
Don't know the fees yet
440 a month with 440 down (latest price)
Rubicon jlu
 
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Jlb1177

Jlb1177

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I always go low mile leases. I have leases multiple vehicle and always turn in early before the lease term expires. No mile charges at all if done that way. Or buy it out.
 

mde8965

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48095 msrp
46000 selling
67% resi
.00200 mf
Don't know the fees yet
440 a month with 440 down (latest price)
Rubicon jlu
Ok I ran these numbers
I know you are saying that the sales tax is included. I don’t think it is though. I will explain. I believe you are in Pennsylvania. The sales tax rate there if I am correct is 6% and you pay the tax on the lease payment or depreciation each month in Pennsylvania.

I used your 48 month lease example with a payment of $440 and down money of $440.

If I use the parameters you provided I am coming up with a monthly payment of $433.41 and that does not include taxes or any fees. The drive offs in this case would be $873.41 which includes the $440 down and the first payment. If I back into a monthly payment of $440 then there is room in this lease for a total of $316 in fees. That seems way too low. But let’s go onto the assumption that the payment is $440 with the fees. With your 6% sales tax the monthly payment would be $466.40.

I am just doing basic math using a lease calculator here. I know you’re going to come back and say the dealer said that was inclusive of everything. But if so then some number you gave in your parameters is not correct.

As for your parameters it looks like you are getting about 4 1/2% under MSRP for a sales price. That is not terrible but not great either. The money factor of .00200 equates to an interest rate of 4.8%. I don’t know anything about your credit but if you are top-tier I would say that that is sort of OK but definitely not great.

Take everything here with a grain of salt because I’m just going by what you provided and I don’t know your specific situation.

With a residual of 67% after four years I am guessing that it will be a toss up as to whether it would make sense to buy this vehicle at the end of your lease. You might be a little upside down. Maybe not. But since a 36 month lease with 10,000 miles on a Rubicon is said to have a residual of 70%, that 67% for four years seems high.
 

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guarnibl

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MF is too high, but then again, rates may have changed as of Feb 1. January best rate was 0.0015, which is 3.6%. Then again, I'm not sure 1.2% is going to make a massive difference in payment... maybe $5-6.

Sport S is the best residual wise I think, with Rubicon right behind it. When I last checked Sahara was quite low in comparison.
 

maxmk8

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I always go low mile leases. I have leases multiple vehicle and always turn in early before the lease term expires. No mile charges at all if done that way. Or buy it out.
Never heard of this before. That's not how it works on my BMW. If i was to turn it in early, unless i purchase another vehicle through BMW and get the charges waived, I am still responsible for any/all payments until the end.
 

guarnibl

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Never heard of this before. That's not how it works on my BMW. If i was to turn it in early, unless i purchase another vehicle through BMW and get the charges waived, I am still responsible for any/all payments until the end.
I think he left out that he was buying another vehicle from the same dealer he was turning it into, of the same manufacturer. You are absolutely correct.
 

iki4life

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can someone explain to me how to find out whether you will be "upside down" after a lease?
thank you!!
 

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MF is too high, but then again, rates may have changed as of Feb 1. January best rate was 0.0015, which is 3.6%. Then again, I'm not sure 1.2% is going to make a massive difference in payment... maybe $5-6.

Sport S is the best residual wise I think, with Rubicon right behind it. When I last checked Sahara was quite low in comparison.
I have never seen .0015 on a Wrangler. Are you sure? I know that is typical for other vehicles but Wranglers always have high money factors to offset their higher residuals due to high resale values.

The lowest I have seen on Wranglers is about .0018, but I am interested if you have seen better. Thanks!
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