My Jeep lease quote

Killamarkg

Hello just got quoted for my Jeep Wrangler sport S unlimited 2019 and was wondering if it was a good deal. Everything looks fine to me just the money factor of 0.00288 looks high to me because they haven’t ran my credit yet but I thought standard money factor was .00255 correct me if I’m wrong. And also options/aftermarket charge of 584.00 I thought was strange since the dealer hasn’t even gotten the car yet should be there in a week or so. Last thing I told him I wanted a 48/12 lease and wrote one up for 48/15 as far as I can see, What would be the difference in payment if I went from 48/15 to 48/12. I’ll upload pics of the options the car has along with the quote.

Killamarkg

kyfdx

Killamarkg said:

Appears they've added $584 in junk to your vehicle, though they are giving a big discount.

We don't know the Standard MF, but it's been around .00225 MF for the last few months, so that definitely looks marked up. However, the 48 month rate could be higher. (I'm betting on a markup)

I show the 48/15 residual as 63%. Even though they state 15K/yr, the residual they've used is 65%, which is for 48/12.

Everything else looks good, and the payment calculation is correct.
Two issues:
$584 of "dealer options"
Likely, a marked up money factor.

Killamarkg

Thanks much maybe they added one of those dealer alarms but I don’t see how since they haven’t even got the car yet. I’ll ask and see what he says about those two thank you.

Killamarkg

What do you think? I’m getting a pretty hefty discount so although it’s not favorable to have those things added it would be a deal breaker

kyfdx

Killamarkg said:

What do you think? I’m getting a pretty hefty discount so although it’s not favorable to have those things added it would be a deal breaker

I don't have any trouble with the overall selling price. Even with $584 tacked on.

But, the money factor is a huge difference. That could be $45/mo. extra

Killamarkg

Yea I will Definitely argue on that one but I’ll just wait until I see what kind of credit the desert is pulling up. Would rather be doing somewhere around 0.00225 than 0.00288 that’s seems ridiculous