2016 Jeep Wrangler Lease Questions

Michaell

deeve said:

Michaell said:

Looking at a 2015 Rubicon 2door that has been hanging around for a while. Curious what the residual and MF would be on something like that? Oregon area.

Standard MF (around .00200) and 50% for 36 months, 15,000 miles per year.

Thanks. Two questions. How does that compare against a 2016 and how about a few miles less per month lease like 10 or 12k?

2016 residual is 2% higher.

Add 2% for 12K or 3% for 10K

thirtyone1

Hello. I am looking for residual on 2016 Unlimited Sport S 39/10,000 and 39/12,000 in NC.

Thanks!

Michaell

thirtyone1 said:

Hello. I am looking for residual on 2016 Unlimited Sport S 39/10,000 and 39/12,000 in NC.

Thanks!

Standard MF (around .00200) and 68% / 67%

nserb1221

Could I get the RV for an unlimited rubicon, unlimited Sahara and unlimited Willy's for 36/10 36/12 and 36/15. Thanks!

Michaell

nserb1221 said:

Could I get the RV for an unlimited rubicon, unlimited Sahara and unlimited Willy's for 36/10 36/12 and 36/15. Thanks!

Standard MF (around .00200)

36/15 residuals:
Rubicon - 59%
Sahara - 60%
Willy's - 67%

Add 2% for 12K and 3% for 10K

caraholic22

Do you by chance have the numbers on a 36 and 39 month lease for the jeep unlimited black bear edition. Also are those residuals right for the unlimited s above at 68% for 39 months?

Michaell

caraholic22 said:

Do you by chance have the numbers on a 36 and 39 month lease for the jeep unlimited black bear edition. Also are those residuals right for the unlimited s above at 68% for 39 months?

Standard MF (around .00200) and 67% for 36/15 or 65% for 39/15

39/10 residual on the Unlimited Sport is indeed 68%

thirtyone1

So I have a dealership who has been pretty straight up with me, but the lease payment he is quoting (ballpark) seems way out of line.

2016 JKU Sport S Unlimited. Residual at 68%. But the payment is $469-$489. I think that is a money factor of around .004. My credit is not great - 660-680. In NC.

Does this seem reasonable at all?

The dealers all say "you don't want to lease a jeep. The payments will be about the same." They are if you jack up the money factor like that. Their rates on loans are very good. Is there some reason jeep dealers are incented to stay away from leases?

Michaell

thirtyone1 said:

So I have a dealership who has been pretty straight up with me, but the lease payment he is quoting (ballpark) seems way out of line.

2016 JKU Sport S Unlimited. Residual at 68%. But the payment is $469-$489. I think that is a money factor of around .004. My credit is not great - 660-680. In NC.

Does this seem reasonable at all?

The dealers all say "you don't want to lease a jeep. The payments will be about the same." They are if you jack up the money factor like that. Their rates on loans are very good. Is there some reason jeep dealers are incented to stay away from leases?

Some Jeeps lease well - just not the Wrangler. MF is around .00200 or so (4.8%), which offsets the high residual. And, not much of a discount from sticker.

I don't have the specific scores, but tier 3 adds .00060 to the MF, and the dealer can mark up the MF by as much as .00042 for extra profit.

caraholic22

What is a 39/10-12 for a 2016 backcountry 

Michaell

caraholic22 said:

What is a 39/10-12 for a 2016 backcountry 

Standard MF. 2 door or 4 door?

caraholic22

Sorry 4 door back country 36/12 and 39/12

Michaell

caraholic22 said:

Sorry 4 door back country 36/12 and 39/12

Standard MF (around .00200) and 62% / 60%

caraholic22

What's a 24 month 12k miles on unlimited sport s and did the 39 month change in March? Thanks

kyfdx

caraholic22 said:

What's a 24 month 12k miles on unlimited sport s and did the 39 month change in March? Thanks

Standard MF and 78%/69% residual for 24/36 mo, 12K/yr

deeve

Hello, any March updates for Portland Oregon Wrangler 2door
Hard Rock
Willys Wheeler W
Black Bear Edition
24 and 36 month. 12k each
Thanks!
DAVE

Michaell

deeve said:

Hello, any March updates for Portland Oregon Wrangler 2door
Hard Rock
Willys Wheeler W
Black Bear Edition
24 and 36 month. 12k each
Thanks!
DAVE

Standard MF for all (around .00200). 24/12 residual first, then 36/12 residual

Hard Rock - 66% / 56%
Willys Wheeler W - 67% / 57%
Black Bear Edition - 67% / 57%

deeve

Thank you Michael
DAVE

rprep14cars

Hello...I'm interested in the Wrangler Unlimited Sport. Looking for MF and residual for 36 months and 12,000 miles in New York and Pennsylvania.

kyfdx

rprep14cars said:

Hello...I'm interested in the Wrangler Unlimited Sport. Looking for MF and residual for 36 months and 12,000 miles in New York and Pennsylvania.

Standard MF and 71% (!) residual

rprep14cars

Thanks for the info kyfdx.
Sorry... What's (!) translate to?

Michaell

rprep14cars said:

Thanks for the info kyfdx.
Sorry... What's (!) translate to?

That is an incredibly high residual for a 36 month term. Usually around 50-60% for most cars and trucks.

rprep14cars

Very nice... Thanks again.

jsamt

I am trying to the residuals for the following:
2016 Unlimited Sport S 24/36 w/15k per year
2016 Unlimited Sahara 24/36 w/15k per year (if you could provide for 12k as well, that would be great).
Trying to head out to maybe get one this evening. thank you in advance!

Michaell

jsamt said:

I am trying to the residuals for the following:
2016 Unlimited Sport S 24/36 w/15k per year
2016 Unlimited Sahara 24/36 w/15k per year (if you could provide for 12k as well, that would be great).
Trying to head out to maybe get one this evening. thank you in advance!

Standard MF for all trims - around .00200, though we don't know the exact number.

24/15
Sport - 77%
Sahara - 70%
Add 1% for 12K

36/15
Sport - 69%
Sahara - 61%
Add 2% for 12K

racerman56

Looking for MF and residuals for 2016 unlimited sport 10k/48Month.

Thanks!

Michaell

racerman56 said:

Looking for MF and residuals for 2016 unlimited sport 10k/48Month.

Thanks!

Standard MF and 64%

pugboy1

Looking at a Rubicon Unlimited, dealer is quoting me on a 36/12k lease 6.5% interest, 66% residual. Interest seem high. What are the new Chrysler rates?

kyfdx

pugboy1 said:

Looking at a Rubicon Unlimited, dealer is quoting me on a 36/12k lease 6.5% interest, 66% residual. Interest seem high. What are the new Chrysler rates?

Standard MF and 62% residual.

That looks like an ALLY Bank lease.

md2128

Looking at a Unlimited Sport and Unlimited Sahara 75th Edition in Chicago on a 36 month / 12K mile lease. Any word on residuals or MF on Chrysler or Ally leases? Appreciate your help in advance.

kyfdx

md2128 said:

Looking at a Unlimited Sport and Unlimited Sahara 75th Edition in Chicago on a 36 month / 12K mile lease. Any word on residuals or MF on Chrysler or Ally leases? Appreciate your help in advance.

Standard MF and 71%/63% residual for Sport/75th

tito12121

I'm looking to lease a Wrangler unlimited sport s 36/10 ... what are the current rates. My situation is very special because I have a trade in with 15k in negative equity and will be putting 10k down to offset it. I was at a dealer today and they quoted me higher payments than what I am currently paying on my finance of $689. I was hoping for $600 a month. they did calculate with Ally, do you think I have a better chance with Chrysler? my credit is Tier 1

Michaell

tito12121 said:

I'm looking to lease a Wrangler unlimited sport s 36/10 ... what are the current rates. My situation is very special because I have a trade in with 15k in negative equity and will be putting 10k down to offset it. I was at a dealer today and they quoted me higher payments than what I am currently paying on my finance of $689. I was hoping for $600 a month. they did calculate with Ally, do you think I have a better chance with Chrysler? my credit is Tier 1

Standard MF (.00200 or so) and 72% for 36/10.

The $5000 of negative equity you have works out to $139/mo on the lease payment.

Any reason you can't stay with your current vehicle until you aren't quite so buried?

nyccarguy

$15K is A LOT of negative equity.  How'd that happen?  

kyfdx

nyccarguy said:

$15K is A LOT of negative equity.  How'd that happen?  

@tito12121 That's what I want to know!

md2128

FYI. On a 36/12, Fields in Chicago offered (ally) 8% int rate with 70% residual or (chrysler) 6.75% interest and 63% residual. Residuals were in line, but the MF was not...


md2128 said:


Looking at a Unlimited Sport and Unlimited Sahara 75th Edition in Chicago on a 36 month / 12K mile lease. Any word on residuals or MF on Chrysler or Ally leases? Appreciate your help in advance.

Standard MF and 71%/63% residual for Sport/75th

kyfdx

md2128 said:

FYI. On a 36/12, Fields in Chicago offered (ally) 8% int rate with 70% residual or (chrysler) 6.75% interest and 63% residual. Residuals were in line, but the MF was not...


md2128 said:


Looking at a Unlimited Sport and Unlimited Sahara 75th Edition in Chicago on a 36 month / 12K mile lease. Any word on residuals or MF on Chrysler or Ally leases? Appreciate your help in advance.

Standard MF and 71%/63% residual for Sport/75th

We don't have the exact Standard MF, but we've always seen it as around .0020 (Chrysler Capital doesn't use APRs, like Ally). .0020 equates to around 4.8% APR. It's possible the dealer was marking up the rates.

As far as Ally rates, we don't have those, and even the residuals are likely to be different.

racerman56

Does the current $1000 conquest apply to the wranglers?

Michaell

racerman56 said:

Does the current $1000 conquest apply to the wranglers?

No information on incentive qualifications.

tito12121

nyccarguy said:

$15K is A LOT of negative equity.  How'd that happen?  

Long story, you ready?

A lot of bad decisions but it started when I financed a used 2009 47k Range Rover Sport in 2011... Mom and pop dealership, they had it on the lot with new upgraded wheels and I fell in love. The wheels and "dealer prep" added 5k to the bottom line price and taxes additional plus 9.5 apr, bottom line is I was paying $850 a month for 72 months on a used Range Rover, I tried to Lease a new one prior to this purchase but was told I needed a co signer. This was the worst mistake of my adult life I was 25 recently divorced and obviously partly mentally challenged.

Traded it in to BMW for a new 3 series with tech package for about 36k in 2012, I was negative 10k but was able to lower my monthly payment anyway because of the price of the car and lower interest rate so now I was paying $680 monthly for a base 328i... After 2 horrible NY winters I decided I needed an SUV and went back to my BMW guy in 2014 for a 2011 X5 pre owned for 35k with 11k miles on it.... My 3 series was still negative because it was not xDrive was only 2 years into  the loan and it was in a reported accident while parked so bad luck there. Either way, I was given a 1.9 apr no down payment and BMW made my first 3 payments So I kept my same payment and continued digging myself into the hole. 

Now its 2016 and my CPO warranty will be out soon, last year I had 3 trips to service for assorted random issues (Broken axle, turbo issue, check engines) ... 5 years of payments left so I needed to do something so I started looking into the Wrangler, I came into some extra cash after my X5 was rear ended in December, I was able to fix for a lot less than what the other guys insurance gave me so I have the cash to get rid of it once and for all.

Made the deal this weekend on the Wrangler, I didn't do as good as I should have but I think it went ok. Was given 23k for my X5 and my Payoff was 36k, gave 8k down so 5k neg equity going into the lease, I did 48/10k for a Wrangler Sport MSRP 35,520 ... Agreed price 33150 residual 64% mf .0026 :-/ (base was .00193) are they allowed to mark it up that high?

Payment is $587 ... With base mf it would be about $50 less but I didnt bother to argue because it was the only dealer that discounted the Wrangler so heavily and they also gave me 4k more on my trade in than other places even higher than kbb trade in. 

Im glad im finally out of negative equity situation, I can keep my lease and if values stay good maybe I can upgrade in 3 years. Time will tell, now time to have some fun. 

You can all have a nice laugh now, but after all this craziness I've learned a lot, my credit is amazing and I can help others near me not make the same mistakes I did. 

Usings edmunds I helped my girlfriend secure $289 month 36k/10 on a BMW 320 xDrive bmw with only 2k In total drive offs which I think is pretty good. 

tito12121

nyccarguy said:

$15K is A LOT of negative equity.  How'd that happen?  

Long story, you ready?

A lot of bad decisions but it started when I financed a used 2009 47k Range Rover Sport in 2011... Mom and pop dealership, they had it on the lot with new upgraded wheels and I fell in love. The wheels and "dealer prep" added 5k to the bottom line price and taxes additional plus 9.5 apr, bottom line is I was paying $850 a month for 72 months on a used Range Rover, I tried to Lease a new one prior to this purchase but was told I needed a co signer. This was the worst mistake of my adult life I was 25 recently divorced and obviously partly mentally challenged.

Traded it in to BMW for a new 3 series with tech package for about 36k in 2012, I was negative 10k but was able to lower my monthly payment anyway because of the price of the car and lower interest rate so now I was paying $680 monthly for a base 328i... After 2 horrible NY winters I decided I needed an SUV and went back to my BMW guy in 2014 for a 2011 X5 pre owned for 35k with 11k miles on it.... My 3 series was still negative because it was not xDrive was only 2 years into  the loan and it was in a reported accident while parked so bad luck there. Either way, I was given a 1.9 apr no down payment and BMW made my first 3 payments So I kept my same payment and continued digging myself into the hole. 

Now its 2016 and my CPO warranty will be out soon, last year I had 3 trips to service for assorted random issues (Broken axle, turbo issue, check engines) ... 5 years of payments left so I needed to do something so I started looking into the Wrangler, I came into some extra cash after my X5 was rear ended in December, I was able to fix for a lot less than what the other guys insurance gave me so I have the cash to get rid of it once and for all.

Made the deal this weekend on the Wrangler, I didn't do as good as I should have but I think it went ok. Was given 23k for my X5 and my Payoff was 36k, gave 8k down so 5k neg equity going into the lease, I did 48/10k for a Wrangler Sport MSRP 35,520 ... Agreed price 33150 residual 64% mf .0026 :-/ (base was .00193) are they allowed to mark it up that high?

Payment is $587 ... With base mf it would be about $50 less but I didnt bother to argue because it was the only dealer that discounted the Wrangler so heavily and they also gave me 4k more on my trade in than other places even higher than kbb trade in. 

Im glad im finally out of negative equity situation, I can keep my lease and if values stay good maybe I can upgrade in 3 years. Time will tell, now time to have some fun. 

You can all have a nice laugh now, but after all this craziness I've learned a lot, my credit is amazing and I can help others near me not make the same mistakes I did. 

Usings edmunds I helped my girlfriend secure $289 month 36k/10 on a BMW 320 xDrive bmw with only 2k In total drive offs which I think is pretty good. 

nyccarguy

@tito12121 - that's quite a story.  Thanks for sharing.  Good luck with your new Wrangler!

racerman56

anyone have ally residuals on a wrangler unlimited sport? 36 and 48 months.

Michaell

racerman56 said:

anyone have ally residuals on a wrangler unlimited sport? 36 and 48 months.

Sorry no numbers from ally. 

edcrewguy

Any ideas about MF/residual for 2016 Unlimited Sahara, 36mo/12k in NY?
TIA!

kyfdx

edcrewguy said:

Any ideas about MF/residual for 2016 Unlimited Sahara, 36mo/12k in NY?
TIA!

Standard MF and 63% residual

chilenny

Looking at a 2016 Hard Rock Rubicon UL. What are the current MF/Residuals for 36/12 and 36/15. Thanks!

Michaell

chilenny said:

Looking at a 2016 Hard Rock Rubicon UL. What are the current MF/Residuals for 36/12 and 36/15. Thanks!

Standard MF and 62% / 60%

rickatoo

Hi. Looking into a Sport or Unlimited lease initiating in August. Salesman at the dealership just told me that the 36 month residual on Unlimited is about 50% and the Sport is 45% "based on the bank, etc." Despite being female, I know salesmen rarely know what they are talking about, and I see here and elsewhere that they are WAAAAAY off.Obviously, a 20% difference in residual makes a big difference in my decision. What are the current values? Any idea where they will be in mid August or shortly thereafter?

Michaell

rickatoo said:

Hi. Looking into a Sport or Unlimited lease initiating in August. Salesman at the dealership just told me that the 36 month residual on Unlimited is about 50% and the Sport is 45% "based on the bank, etc." Despite being female, I know salesmen rarely know what they are talking about, and I see here and elsewhere that they are WAAAAAY off.Obviously, a 20% difference in residual makes a big difference in my decision. What are the current values? Any idea where they will be in mid August or shortly thereafter?

36/15 residuals are as follows (these are Chrysler Capital numbers; dealer may have been quoting residuals from another bank):

Unlimited Sport - 69%
2-door Sport - 55%

Standard MF, which is around .00200