Rate This Deal

[bburd]

This is what I was quoted.
Its for a Sport S 36 mo/12k lease and I was quoted $519/mo with first month down. (I'll probably put more down)
I got 6% under invoice with no negotiation so I'll probably try for 7% plus the 1% for Tread Lightly.
Is this a good deal? Should I try for more? This is my first lease and Wrangler.

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[Notorious]

...It’s for a lease...

Pricing looks on point, especially for the additional off you’re planning on seeking BUT honestly, you sure are willing to go thru a lot of work to get the price down... all for a lease?!

If you’re asking that much off and are willing to pay that much a month, why not buy it? Either way, kudos.

 

[twentysevenalpha]

I wouldn't say it's all that great... But this is missing info. What are all the fees they are lumping in? What is the "money factor" (the interest they are charging), what is the residual? (The number they use the calculate depreciation). Go to leasehackr.com and read how they calculate this stuff and how the dealers will get you. FYI, they consider 10% of MSRP per month with 0% down or first month down a good deal I think so you're off by 100 bucks...

 

[Strommen95]

$519 sounds like a lot for a Sport S lease.

 

[bburd]

I wouldn't say it's all that great... But this is missing info. What are all the fees they are lumping in? What is the "money factor" (the interest they are charging), what is the residual? (The number they use the calculate depreciation). Go to leasehackr.com and read how they calculate this stuff and how the dealers will get you. FYI, they consider 10% of MSRP per month with 0% down or first month down a good deal I think so you're off by 100 bucks...

They told me 71% residual and .00205 MF. I’m not 100% on the fees yet but when I put all of that into a lease calculator I came nowhere near $519/mo so i’m confused as to where they got that number. I’m wondering if they accidentally quoted me for full MSRP?

 

[Notorious]

They quoted me for full MSRP?

Sounds about right.

 

[wrangler005]

I plugged in below numbers on a lease calculator assuming you are from Michigan at 6% sales tax, I am getting $423 monthly including tax with $1k down. They screwed up the calculation, here is the calculator link:

https://leasehackr.com/calculator?m...=6&demo_mileage=0&memo=&monthlyTax_radio=true

FYI I am leasing a similar MSRP ($42870) 2020 Sport S @ $404 per month with first month down.

 

[HackedJL]

Sounds bout right - lie about price and BS monthly payment to see if you notice lol

 

[bburd]

I plugged in below numbers on a lease calculator assuming you are from Michigan at 6% sales tax, I am getting $423 monthly including tax with $1k down. They screwed up the calculation, here is the calculator link:

https://leasehackr.com/calculator?m...=6&demo_mileage=0&memo=&monthlyTax_radio=true

FYI I am leasing a similar MSRP ($42870) 2020 Sport S @ $404 per month with first month down.

Is your residual, % off, and MF similar?

 

[wrangler005]

Is your residual, % off, and MF similar?

I took delivery last year, it was pretty close

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