Looking at other posts that doesn't seem that bad. RV likely will be ~63%/15k and 65%/12k.Without turning this into a leasing vs financing debate, I needed some assistance on my dealings for a 2020 JLU. I have received a great price (8% under invoice with Tread Lightly) on a Sahara Alt. order but the thing that is holding me back is the current MF. The dealer is quoting me 0.00295 (7.08%) from Chrysler Capital. Is there any way to figure out if this is marked up? If it is marked up, are MF's negotiable? On the flip side, other dealerships are saying they can't quote me the MF as it changes every month and with an order, they would need the VIN first to determine what the MF would be. Any thoughts?
I went through this back in March....google jeep lease...I think there's an Edmunds Forum site that can give you current MF and Residual rates. I also see your in the DC area..... Most of the dealerships here are full of it.... Once you have numbers, I had the best experience with Rockville Jeep. Ask for Michael Teanseau, he won't waste your time on playing number games. I also got a decent amount on my trade in. (More than carmax). I'm in NOVA...most of these dealers kept trying to play lease games, just stick to the numbers....Without turning this into a leasing vs financing debate, I needed some assistance on my dealings for a 2020 JLU. I have received a great price (8% under invoice with Tread Lightly) on a Sahara Alt. order but the thing that is holding me back is the current MF. The dealer is quoting me 0.00295 (7.08%) from Chrysler Capital. Is there any way to figure out if this is marked up? If it is marked up, are MF's negotiable? On the flip side, other dealerships are saying they can't quote me the MF as it changes every month and with an order, they would need the VIN first to determine what the MF would be. Any thoughts?
Thanks, I'm looking at 48/10 term with residuals at 62%.Looking at other posts that doesn't seem that bad. RV likely will be ~63%/15k and 65%/12k.
Yup, I'm on those forums and it is the first time they can't figure out the MF for a car. They just list "standard MF" and are guessing that it's around 0.00225 right now. Most of the dealerships are definitely full of it. I've been speaking to Koons (VA) and Criswell (MD)which have been the exceptions. I will give Rockville a call and see what they can do for me. Thanks!I went through this back in March....google jeep lease...I think there's an Edmunds Forum site that can give you current MF and Residual rates. I also see your in the DC area..... Most of the dealerships here are full of it.... Once you have numbers, I had the best experience with Rockville Jeep. Ask for Michael Teanseau, he won't waste your time on playing number games. I also got a decent amount on my trade in. (More than carmax). I'm in NOVA...most of these dealers kept trying to play lease games, just stick to the numbers....
I've leased a few cars already, I write a portion of them off on my taxes for business. But I will def check out leasehackr to get some more info. I was always under the impression that since the residual's are so high on Wranglers they were good to lease but yes you are right, the taxes are on the whole car.Before you lease, I highly recommend checking out leasehackr.com to fully understand leases and to understand what's a good deal and not. Generally wranglers are poor leases, especially if you are MD or VA where I believe you will pay tax on the whole car, not just the capitalized cost. I was researching the penfed payment saver as an alternative. Good luck!!
You are right. The higher the residual the better a lease is. Wrangler is one of the best vehicles to lease if you can get the lease rate down. I am in Canada so it doesnt help you but my lease is 3.99% for 3 years. Anything higher than that and I dont think I would have signed up.Thanks, I'm looking at 48/10 term with residuals at 62%.
Yup, I'm on those forums and it is the first time they can't figure out the MF for a car. They just list "standard MF" and are guessing that it's around 0.00225 right now. Most of the dealerships are definitely full of it. I've been speaking to Koons (VA) and Criswell (MD) have been the exceptions. I will give Rockville a call and see what they can do for me. Thanks!
I've leased a few cars already, I write a portion of them off on my taxes for business. But I will def check out leasehackr to get some more info. I was always under the impression that since the residual's are so high on Wranglers they were good to lease but yes you are, the taxes are on the whole car.
Yeah, that's what I was thinking. So that's where I'm at now, trying to get the MF down to a reasonable rate.You are right. The higher the residual the better a lease is. Wrangler is one of the best vehicles to lease if you can get the lease rate down. I am in Canada so it doesnt help you but my lease is 3.99% for 3 years. Anything higher than that and I dont think I would have signed up.
The rate is marked up by about 3% with FCA. Based on the term your looking for (4 years) your better off negotiating on a purchase which will get the price of the jeep down and then finance through your own bank or credit union (currently 3.39) on a 5 or 6 year purchase and payments will be close to your lease. If your leasing for 3 years then consider it if you're not sure if you'll own the jeep after that but once you're at a 4 year lease at that point purchasing makes more sense. I negotiated 20% off the sticker price and purchase payment was cheaper than the lease payment. Now I know dealers are more likely to deal on sahara's more than rubicons. Keep in mind that the jeeps hold their value extremely high and if you get sick of it after 4 years you can alway sell it and most likely after making 4 years of payments you can sell the jeep for more than you'll owe which is far better than handing the dealer the jeep back after 4 years for $0 return.Thanks, I'm looking at 48/10 term with residuals at 62%.
Yup, I'm on those forums and it is the first time they can't figure out the MF for a car. They just list "standard MF" and are guessing that it's around 0.00225 right now. Most of the dealerships are definitely full of it. I've been speaking to Koons (VA) and Criswell (MD)which have been the exceptions. I will give Rockville a call and see what they can do for me. Thanks!
I've leased a few cars already, I write a portion of them off on my taxes for business. But I will def check out leasehackr to get some more info. I was always under the impression that since the residual's are so high on Wranglers they were good to lease but yes you are right, the taxes are on the whole car.
You can sell a car at the end of a lease too, I ussueally pul 1-4K in equity Because I usually lease my cars well when there are good promotions and I shop dealers nationallyThe rate is marked up by about 3% with FCA. Based on the term your looking for (4 years) your better off negotiating on a purchase which will get the price of the jeep down and then finance through your own bank or credit union (currently 3.39) on a 5 or 6 year purchase and payments will be close to your lease. If your leasing for 3 years then consider it if you're not sure if you'll own the jeep after that but once you're at a 4 year lease at that point purchasing makes more sense. I negotiated 20% off the sticker price and purchase payment was cheaper than the lease payment. Now I know dealers are more likely to deal on sahara's more than rubicons. Keep in mind that the jeeps hold their value extremely high and if you get sick of it after 4 years you can alway sell it and most likely after making 4 years of payments you can sell the jeep for more than you'll owe which is far better than handing the dealer the jeep back after 4 years for $0 return.