URGENT: please advice lease price

Kats

Active Member
Joined
Sep 3, 2018
Messages
32
Reaction score
3
Location
Atlanta
Vehicle(s)
X5
ho
I am at a dealership planning to take out jLU sport s for 38065 plus taxes.
And the dealership is saying 72% residual with .00308 MF 10k miles for 39 mos lease for $497/ month.
Is this a good lease?
Thanks
Advertisement

 
OP
OP

Kats

Active Member
Joined
Sep 3, 2018
Messages
32
Reaction score
3
Location
Atlanta
Vehicle(s)
X5
IMG_2094.JPG
ho
I am at a dealership planning to take out jLU sport s for 38065 plus taxes.
And the dealership is saying 72% residual with .00308 MF 10k miles for 39 mos lease for $497/ month.
Is this a good lease?
Thanks
 
OP
OP

Kats

Active Member
Joined
Sep 3, 2018
Messages
32
Reaction score
3
Location
Atlanta
Vehicle(s)
X5
ho
I am at a dealership planning to take out jLU sport s for 38065 plus taxes.
And the dealership is saying 72% residual with .00308 MF 10k miles for 39 mos lease for $497/ month.
Is this a good lease?
Thanks
image.jpg
 

Carbonalpine

Well-Known Member
First Name
Paul
Joined
Aug 11, 2018
Messages
266
Reaction score
182
Location
Miami
Vehicle(s)
‘14 JKU; '22 JLUR XR on order
I don't lease, especially a vehicle like wrangler that's meant to be roughed up. The wranglers also depreciate less than typical vehicles. If I had a business for tax write-offs I'd still use the 1% rule. Monthly payments should not exceed 1% of msrp...in this case $410 a month.

I've seen some members here post there lease deals under $400 and msrp was similar to yours.
 
OP
OP

Kats

Active Member
Joined
Sep 3, 2018
Messages
32
Reaction score
3
Location
Atlanta
Vehicle(s)
X5
I don't lease, especially a vehicle like wrangler that's meant to be roughed up. The wranglers also depreciate less than typical vehicles. If I had a business for tax write-offs I'd still use the 1% rule. Monthly payments should not exceed 1% of msrp...in this case $410 a month.

I've seen some members here post there lease deals under $400 and msrp was similar to yours.

Thanks.

How about the final price for purchase ?
I am getting 4600 off MSRP of 42665.
600 doc fee, 100 taxable and he ga taxes.

Thanks
 
OP
OP

Kats

Active Member
Joined
Sep 3, 2018
Messages
32
Reaction score
3
Location
Atlanta
Vehicle(s)
X5
The dealer is coming down to 400/month with 12k miles, 39 months lesae ??
Is it good ??
 
OP
OP

Kats

Active Member
Joined
Sep 3, 2018
Messages
32
Reaction score
3
Location
Atlanta
Vehicle(s)
X5
The dealer is coming down to 400/month with 12k miles, 39 months lesae ??
Is it good ??
Debating whether to buy or lease..
If ppl think lease number looks good, then I will go with lease.
 

Saejin

Well-Known Member
First Name
Gene
Joined
Mar 2, 2018
Messages
738
Reaction score
553
Location
Colorado Springs
Vehicle(s)
JLUR - Firecracker Red
Where are you that a dealership is open on Sunday.

Also if you’re asking for advice now on leasing or buying while sitting at the dealership passing numbers back and forth with the same mgr it’s too late.

Leased once and I’ll never do it again. I put too many miles on my cars. Ask yourself do you want to keep this for 5 or more years and how much do you plan on driving it?

That will determine whether you should lease or buy. Also most people are getting 10%-12% off MSRP, so price is good. Doc fee is too high.
 

Saejin

Well-Known Member
First Name
Gene
Joined
Mar 2, 2018
Messages
738
Reaction score
553
Location
Colorado Springs
Vehicle(s)
JLUR - Firecracker Red
72% residual after 39months doesn’t sound right. I’d check the numbers again.

As I understand it in a lease you pay the percentage of the vehicle cost minus the residual value based on MSRP.

That’s about $12000. Divide that by 39 months and you get $307. So $400 a month is too much.
 

Carbonalpine

Well-Known Member
First Name
Paul
Joined
Aug 11, 2018
Messages
266
Reaction score
182
Location
Miami
Vehicle(s)
‘14 JKU; '22 JLUR XR on order

PowerGuy

Well-Known Member
First Name
Mac
Joined
Sep 19, 2018
Messages
128
Reaction score
199
Location
Coastal NC
Vehicle(s)
2019 JLUS StingGray
That money factor is equivalent to 9.2% interest rate. Too high unless you have bad credit.
 

Saejin

Well-Known Member
First Name
Gene
Joined
Mar 2, 2018
Messages
738
Reaction score
553
Location
Colorado Springs
Vehicle(s)
JLUR - Firecracker Red
Guys, I think he’s out enjoying his new Jeep. Either way, if it worked for him then great.

OP...welcome to Jeep ownership.
 
OP
OP

Kats

Active Member
Joined
Sep 3, 2018
Messages
32
Reaction score
3
Location
Atlanta
Vehicle(s)
X5
Guys, I think he’s out enjoying his new Jeep. Either way, if it worked for him then great.

OP...welcome to Jeep ownership.
All

Thank you so much for your timely advice.
I finalized 399/month with 12k miles/yr for 39 months with first month payment down. The price includes GA taxes and all the fees.

This is my first jeep, if I/family like it then I may get a rubicon next time.

Fwiw, the options include
24s,
Auto,
Tech group,
Convenience group,
All weather mats,
Anti spin diff,
Blk freedom top,
17" polished granite wheels.

Once again thank you all, as his forum helped me to learn a lot about Jeeps.

Kats
 
OP
OP

Kats

Active Member
Joined
Sep 3, 2018
Messages
32
Reaction score
3
Location
Atlanta
Vehicle(s)
X5
Where are you that a dealership is open on Sunday.

Also if you’re asking for advice now on leasing or buying while sitting at the dealership passing numbers back and forth with the same mgr it’s too late.

Leased once and I’ll never do it again. I put too many miles on my cars. Ask yourself do you want to keep this for 5 or more years and how much do you plan on driving it?

That will determine whether you should lease or buy. Also most people are getting 10%-12% off MSRP, so price is good. Doc fee is too high.
Hi
I was at Ed Voyles Jeep at Marietta, GA.
I don't drive much (I have only put ~40k miles on my X5 during last 9 years, just on theory vac trips) so I thought I will go for lease this time.
 
Advertisement

Jim Marsh Chrysler Jeep
 
Advertisement
Top