MAY LEASE NUMBERS

jmill012

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Anyone have the May lease numbers? I read somewhere they dropped 3% since April!

Looking for 36,42 and 48 month for both 10K and 12K. Money factor too if its available.

Thanks!
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nola22

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I saw on the edmunds car forums (best place to get lease numbers) that the RVs are indeed down 3% for all trims across the board for the month of may, by comparison the Grand Cherokee when down 1%. These are the CCAP #'s, cant speak to Ally, US Bank, etc

Obviously they go down throughout the year as the model year 'ages', but I don't recall every seeing the wrangler go down 3% month to month. Usually they offset the drop in RV by increasing the rebates (lease rebates on the Grand Cherokee went up $500 APRIL to MAY) so that more than offsets the drop on all but the higher trim levels for the GC. With no such rebates on the wrangler, that 3% hits hard. . .

MF for the wrangler has been at the standard MF for a long time, .00198 (approx) I believe. That hasn't changed.
 
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jmill012

jmill012

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Agree! Which is why I posted here to confirm. Maybe they dropped the MF to help offset the RV drop. The standard money factored worked out to be around a 5% APR which is high. Combine that with the drop in RV and you may see less leases......
 

nola22

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Doubtful on the MF drop, Chrysler doesn't need to subsidize this lease when the sales numbers are up 58% month to month (42% for the year) on the wrangler. If anything we will see it go up as lending rates rise.

Not a easy car to lease when you look at what 5% APR costs you in rent charges over a 3 year lease.
 
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jmill012

jmill012

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Agree but given new loan rates for 60 months are still around 1.99% and some banks, mostly credit unions, will go to 72 for the 1.99%, I don't see how Chrysler Capital doesn't lower the MF. It was high originally because of the higher residual. The Wrangler is one of the easiest leases given they hold their value. Chrysler Capital or Ally would be foolish not to adjust. If they don't they lose the deals to finance contracts and no one is using CC or Ally to finance. Leasing only makes sense when MF is low or residual is high. When both suck, financing is the way to go. Just one mans opinion....
 

gex598

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Being told the MF is .00243 for Tier 1 with FCA now. Quoted 36/12 @ 66% and 48/12 @ 63% on a Sahara.
 
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jmill012

jmill012

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Is that the top tier for CC or do they have a tier 1+? If that’s top tier than MF went up too or your dealer is marking it up. Last month is was around .002
 

gex598

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This is a reputable dealer here on the board (Beck Jeep) so I would hope they are not inflating the MF to make up for the discount...

The new MF put me +$40 a month from the standard that people are quoted.
 
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jmill012

jmill012

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Last month I was told 68% residual with a MF of .00214. And that was for a 48/10. I was told the MF was marked up .0001 as a small profit for the dealer. I was ok with it since I had a 5%+ discount below invoice. Jeep wasn’t delivered so if this months MF is truly .00243 with NO markup and residuals dropped 4%!, I’m leaning toward a 72 month buy with my credit union (1.99%).
 

Frais1983

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In the 2+ months I've waited for my JLUR the price went up, residual has lowered & now they raised the money factor?

FCA is leaving a real bad taste in my mouth already, might just give up my order & revisit when they come to their senses
 

gex598

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Last month I was told 68% residual with a MF of .00214. And that was for a 48/10. I was told the MF was marked up .0001 as a small profit for the dealer. I was ok with it since I had a 5%+ discount below invoice. Jeep wasn’t delivered so if this months MF is truly .00243 with NO markup and residuals dropped 4%!, I’m leaning toward a 72 month buy with my credit union (1.99%).
Thats the same boat I'm in! I told the dealer to check the numbers again, even sent them a worksheet that another member posted Sunday with the MF at .00196. If they can't figure it out it will be a purchase and I will make sure not to use FCA.
 

aug0211

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I’m also getting cold feet.

Price went up, I’m beyond MRM, RV is dropping, MF is increasing, and delivery dates keep bumping.

All around a very bad setup. Might be time to bail.
 
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jmill012

jmill012

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I’m also getting cold feet.

Price went up, I’m beyond MRM, RV is dropping, MF is increasing, and delivery dates keep bumping.

All around a very bad setup. Might be time to bail.
Agree, not to mention I am stuck in "I" status for QC for 3+ days now! Something is telling me to just move on....
 

wootloops

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Yeah, I'm really not happy to hear the lease numbers for May. Our JLUR lease might be going up at least 30-40 bucks per month over what we estimated in April. We'll see what happens when the jeep gets to the dealer. Not sure if Ally or USBank will be a better deal over CCap now or not
 
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jmill012

jmill012

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It would be cool if someone with Ally or USBank info posted the numbers :like:
 
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