Lease deal

[Jhon Ospina]

Is this a good lease deal?

Term 39
MSRP 38,980
SALE PRICE 38980
RESIDUAL 78%
MONEY FACTOR .00243
SALE TAX 7%

1K MONEY DOWN

TOTAL LEASE PAYMENT
459.00

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[will1111]

I'm assuming a Sport S? How many miles? Money factor seems pretty high from what I've seen...usually around .00199-.0022....I got quoted 360 but 2k down on 36 months....I dont have the exact numbers with me

 

[The_Phew]

MONEY FACTOR .00243

That Money factor is a 5.8% APR. Combined with the fact that you have to also pay a substantial Acquisition Fee to lease, you would probably be much better off financing at a much lower APR via a local/national credit union.

I only lease when the lease MF is lower than regular financing (usually thanks to MSDs and/or promotional rates) and/or the residual is significantly inflated. Neither of those conditions are met for leasing a Wrangler right now.

I leased a BMW because the lease APR was only 1.9% after MSDs, and the residual was inflated by over 8 percentage points. My wife leased a Toyota van because the promotional MF was zero. We came out way ahead of financing in both cases.

 

[ThirtyOne]

That Money factor is a 5.8% APR. Combined with the fact that you have to also pay a substantial Acquisition Fee to lease, you would probably be much better off financing at a much lower APR via a local/national credit union.

I only lease when the lease MF is lower than regular financing (usually thanks to MSDs and/or promotional rates) and/or the residual is significantly inflated. Neither of those conditions are met for leasing a Wrangler right now.

I leased a BMW because the lease APR was only 1.9% after MSDs, and the residual was inflated by over 8 percentage points. My wife leased a Toyota van because the promotional MF was zero. We came out way ahead of financing in both cases.

78% is a pretty inflated residual!

But I agree. That payment sounds high.

 

[ThirtyOne]

Is this a good lease deal?

Term 39
MSRP 38,980
SALE PRICE 38980
RESIDUAL 78%
MONEY FACTOR .00243
SALE TAX 7%

1K MONEY DOWN

TOTAL LEASE PAYMENT
459.00

Looks like an Ally lease.

Your real problem is the sale price. You are paying MSRP. Even though it is a lease you should still negotiate the sales price.

The most you should pay is 1% below invoice. You may have to wait a month but it will save you some money. Search for Tread Lightly on the forum.

Florida dealers suck.

 

[The_Phew]

78% is a pretty inflated residual!

But I agree. That payment sounds high.

High=/="Inflated". Any Wrangler is likely worth at least 78% of its new price after 3 years, so that's not an inflated residual. If anything, that's a conservative residual, which is only good if you plan on buying out the lease at the end (otherwise, a conservative residual is a bad thing, because it just means higher payments).

When I turned in my BMW lease, the dealer ended up selling it for like $4k below the lease residual. That's an "inflated" residual, since the car wasn't worth anywhere near the lease residual.

 

[jeeper27]

Unless there is something I am not seeing here I wouldn't recommend this deal. Today I got quoted the following:
Wrangler JL Unlimited Sport S
MSRP: 39875
36/mo 10k
5% sales tax
0 down except first months payment
$357 mo lease

 

[Jhon Ospina]

Unless there is something I am not seeing here I wouldn't recommend this deal. Today I got quoted the following:
Wrangler JL Unlimited Sport S
MSRP: 39875
36/mo 10k
5% sales tax
0 down except first months payment
$357 mo lease

Where?

 

[bigbg25]

I agree. bad deal. I was quoted 39/12. 7% tax rolled in. $0 down $460ish. and that was with a 8% Apr due to crap credit at the moment. And that was the "first offer." I suspect there is still room. I would look elsewhere for a little competition.

 

[BaldEagle]

Where?

Looks like a good deal

 

[guarnibl]

That's one of the worst lease deals I've ever seen, including Mercedes. My wife's 320i -- $44k sticker pays in the low 300's with no money down, including tax. My M4 lease which was above 90k sticker was in the high 800's (granted, ED+MSD).

Unless you are writing the lease off for business purposes (where leases can be more advantageous over buying/financing), I would leasing unless the terms are very, very aggressive. I.e., you come out ahead.

Find a vehicle, pay 3%+ under invoice (doable), ensure base MF with best credit tier... and with 78% you should come out fine. Not sure how sales tax is calculated in FL on leases though... that may screw you.

 

[BaldEagle]

Looks like a good deal

Rubicon 55k sale price 10k miles what should payment be with 2k down any one have any idea

 

[Wrangler847]

In NY you have to put taxes down or roll into payments right? I'm paying $470 month for Sport S with a 39m lease but I have crap credit. I was in tier C category with Ally but they bumped me to a B with 661 Fico. 2500 off MSRP of 40k

 

[BaldEagle]

In NY you have to put taxes down or roll into payments right? I'm paying $470 month for Sport S with a 39m lease but I have crap credit. I was in tier C category with Ally but they bumped me to a B with 661 Fico. 2500 off MSRP of 40k

Roll into payment anything you put down you don’t get back

 

[Wrangler847]

Roll into payment anything you put down you don’t get back

Whats the difference? ur paying the same amount of money over the course of 39m anyway right?

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