Wrangler

sruggiesruggie Member Posts: 4
edited September 2020 in Jeep
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.

Comments

  • kyfdxkyfdx Moderator Posts: 197,894
    sruggie said:

    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.

    Less than $700 off MSRP is he worst pat of the deal.

    The $695 acquisition fee would be for US Bank.

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  • sruggiesruggie Member Posts: 4
    do the residual numbers look right? I thought they were over 70% on the Sport S?
  • MichaellMichaell ColoradoModerator Posts: 193,253
    sruggie said:

    do the residual numbers look right? I thought they were over 70% on the Sport S?

    US Bank has different MF and residual than the programs we have information for.

    Lower MF often is linked to a lower RV.

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    2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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