Wrangler
Trying to evaluate my lease deal. Can you let me know how this looks?
Manufacturer's Suggested Retail: 39725.00
Residualized MSRP: 39725.00
Total Expected Miles: 35000
Ending Mileage: 35000
Residual Percentage (Book): 65.000%
Residual Percentage (Adjusted): 68.000%
Gross Residual Amount: 27013.00
Residual Amount (Net): 27013.00
Residual Percentage (Net): 68.000%
Money Factor: 0.00164
Monthly Depreciation: 268.49
Monthly Lease Charge: 107.09
Selling Price: 39038.00
Acquisition Fee: 695.00
Cap Cost (Initial): 39733.00
Cap Reduction: -1443.55
Adjusted Cap Cost: 38289.45
Base Monthly Payment: 375.58
Monthly Use Tax (9.000%): 33.80
Total Monthly Payment: 409.38
Cap Reduction: 1443.55
Cap Reduction Tax: 84.92
First Monthly Payment: 409.38
Security Deposit: 0.00
Title,Tags and Misc: 562.15
FS Fees: 0.00
Total Due at Inception: 2500.00
Approx. Purchase Option Price: 27363.00
I had them send me all that info as it seemed like a pretty high monthly payment on a Sport S, especially since they want $2,500 down. In 19010 Zip code and this was for 42 months with 10K miles. I think he said it was US Bank
Thanks.
Manufacturer's Suggested Retail: 39725.00
Residualized MSRP: 39725.00
Total Expected Miles: 35000
Ending Mileage: 35000
Residual Percentage (Book): 65.000%
Residual Percentage (Adjusted): 68.000%
Gross Residual Amount: 27013.00
Residual Amount (Net): 27013.00
Residual Percentage (Net): 68.000%
Money Factor: 0.00164
Monthly Depreciation: 268.49
Monthly Lease Charge: 107.09
Selling Price: 39038.00
Acquisition Fee: 695.00
Cap Cost (Initial): 39733.00
Cap Reduction: -1443.55
Adjusted Cap Cost: 38289.45
Base Monthly Payment: 375.58
Monthly Use Tax (9.000%): 33.80
Total Monthly Payment: 409.38
Cap Reduction: 1443.55
Cap Reduction Tax: 84.92
First Monthly Payment: 409.38
Security Deposit: 0.00
Title,Tags and Misc: 562.15
FS Fees: 0.00
Total Due at Inception: 2500.00
Approx. Purchase Option Price: 27363.00
I had them send me all that info as it seemed like a pretty high monthly payment on a Sport S, especially since they want $2,500 down. In 19010 Zip code and this was for 42 months with 10K miles. I think he said it was US Bank
Thanks.
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Comments
The $695 acquisition fee would be for US Bank.
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Lower MF often is linked to a lower RV.
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