dgoodhue
Well-Known Member
- First Name
- Dave
- Joined
- Aug 22, 2020
- Threads
- 5
- Messages
- 582
- Reaction score
- 540
- Location
- Framingham, MA
- Vehicle(s)
- '21 80th JLU
- Thread starter
- #1
I ended up leasing my 80th Jeep Wrangler Unlimited. In my situation, I chose to lease because I am starting a new business this year. My plan is buy the lease out the end unless I have issues with this one. In my lease choice, I made decisions that didn't result in the lowest payment, but lowest price payment + buyout. I usually don't lease, the only car I leased was for my e-wife when her old car was totaled just few weeks before our wedding.
I ordered my 80th relatively loaded with options. One thing I ran into is MRM, Maximum Residualizing MSRP. This essentially caps the residual value. I ended up with $2k over MRM price. I had no idea about this and the dealer didn't realize I was going to run into this, so the lease numbers changed yesterday when my I was picking up my Jeep. So normally on lease you only pay the portion (depreciation) of the vehicle you are using. In my case, the residual was ~70%. Without the MRM, I would normally be only paying for $600 of the $2000. For my vehicle, I had to pay for the full depreciation cost $2000 ($600 + $1400) above the MRM, so it added $40 month to my monthly payment for $1400 being added to the depreciation. If I buy the lease out it doesn't really affect my total purchase price, but for those who regularly lease you may want to be aware of the MRM. Good thing I didn't load up on accessories or add dual doors.
I did some research on this to make sure the dealer was telling me the truth. I found the Chrysler Capital leasing guide, this one list the residual values, adders and the MRM for March 2021. I thought this has some good information in it.
https://training.chryslercapital.co...30_CSV-CCAP_Residual_Value_Lease_Guide-12.pdf
I ordered my 80th relatively loaded with options. One thing I ran into is MRM, Maximum Residualizing MSRP. This essentially caps the residual value. I ended up with $2k over MRM price. I had no idea about this and the dealer didn't realize I was going to run into this, so the lease numbers changed yesterday when my I was picking up my Jeep. So normally on lease you only pay the portion (depreciation) of the vehicle you are using. In my case, the residual was ~70%. Without the MRM, I would normally be only paying for $600 of the $2000. For my vehicle, I had to pay for the full depreciation cost $2000 ($600 + $1400) above the MRM, so it added $40 month to my monthly payment for $1400 being added to the depreciation. If I buy the lease out it doesn't really affect my total purchase price, but for those who regularly lease you may want to be aware of the MRM. Good thing I didn't load up on accessories or add dual doors.
I did some research on this to make sure the dealer was telling me the truth. I found the Chrysler Capital leasing guide, this one list the residual values, adders and the MRM for March 2021. I thought this has some good information in it.
https://training.chryslercapital.co...30_CSV-CCAP_Residual_Value_Lease_Guide-12.pdf
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