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2018 Jeep Wrangler JK UL Freedom. 36 and 48 at 12k, 13.5k, and 15k.
PA resident.
Add 2% for 12K/yr. Not sure that Chrysler Capital has a 13.5K/yr allowance.
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By my math, RV is 78%? MSRP = $39,375, Residual Value = $30,712.
Again, 39 month lease, 12k miles.
MSRP of 38375 and dealer claiming they can do 250 under invoice. Is that a good deal, doesn't seem like much movement .
42 months, 70% RV
670 down
and a monthly payment of 351.
How does that sound?
He also told me no lease conquest on wrangler.
Any advice?
claims 250 under invoice is 36623
That said, $351/mo for a $38K Jeep with $670 up front is a pretty good deal.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Is that an offer or a signed contract?
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
sticker Px MSRP 40495
Residual Value percentage 0.65
Residual Value 26321.75
Negotiated Selling Price 38495
Fees 1195
Gross Capitalized Cost 39690
Capitalized Cost reduction 2000
Adjusted Capital Cost 37690
Depreciation Amount - Adj Cap Cost -Residual Value 11368.25
Add Negative Equity on BMW 10000
Depreciation Plus Negative Equity 21368.25
Base Payment - Depreciation Amount /months of lease 593.5625
Rent Charge - Adj Cap Cost plus residual value X money factor 80.0146875
Pretax Lease payment - add rent charge to base payment 673.5771875
Total Lease Payment pretax lease payment x tax rate 722.4
Base MSRP + options + destination = bottom line number on the factory window sticker.
I would counsel you to hold off on any new transaction until the negative equity is reduced or eliminated - at the moment, it is adding $275/mo to your lease payment.
$700/mo for a $40K Jeep is not a good value proposition
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
total sticker Price w options MSRP 51175 = 40495 + 10680 in optional equipment
Residual Value percentage 0.65
Residual Value 33263.75
Negotiated Selling Price 48104.5 assumes 6% discount off of 51175
Fees 1195
Gross Capitalized Cost 49299.5
Capitalized Cost reduction 2000 downpayment
Adjusted Capital Cost 47299.5
Depreciation Amount - Adj Cap Cost -Residual Value 14035.75
Add Negative Equity on BMW 0
Base Payment - Depreciation Amount /months of lease 389.8819444
Rent Charge - Adj Cap Cost plus residual value X money factor 100.7040625
Pretax Lease payment - add rent charge to base payment 490.5860069
Total Lease Payment pretax lease apyment x tax rate 526.1534924
I agree that the value proposition of adding in another $275 from the negative equity is a poor value proposition. That said, it is a 2011 BMW vehicle, 46k miles with 45 months left on $600 payments (I know it was a bad deal). So that's $27k left to pay. Even if I refi that, it still is considerably more than the $9 or $10k negative equity I would roll. At least 275 X 36 or 9k rolled into a new lease gets me out and saves me $18k over that period and when I'm done with the Jeep 36 month lease I can get into a new vehicle clean. Seems like a far better out than keeping the 2011 and paying for costly maintenance (I am sure I will have costly maintanence - brake pads alone are $2k+... plus who knows what else. I've already had to replace the convertible top). The goal is to get rid of the BMW asap and get into a new loaded Jeep with all the great new modern comforts and features. I don't necessarily have to go full bore into a Rubicon. I could opt for something less pricey, but I had a TJ Wrangler Sport for years and don't really want to go for the same 2 door model. Is there some other way to contemplate this or is it the best of a bad situation?
The best thing to do is to try to whittle down the negative equity amount - or, start with a much less expensive vehicle to lease.
Have you gotten a trade value for the BMW? You can check with the folks over in the "Read World Trade in Values" thread, or take your car to CarMax for a buy bid.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Seems doubtful you'll be able to roll over $10K of negative equity on this vehicle.
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$1495 down ( inlcudes 1st month DMV and bank fee) MSRP 49K
I offered him $460 he said no. I wonder of that was good deal
Thank you
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Also, I'm new to all of these concepts so could you please tell me where these residuals you provide come from? Are these the same numbers that a dealership will provide or will dealers try to offer a lower residual is in their favor?
The sources are confidential, but are the same as what the dealer has. Residual is fixed by the bank, but the MF can be marked up by the dealer for more profit.
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Standard MF and 63% residual for 42/10.
I'm not surprised they won't come down that far. Looks like a $5000+ discount to get to that monthly payment.
Did they counter with any amount lower, at all?
The Sport, Willys and Freedom trims have substantially higher residuals, and might lease for less, but not knowing the pricing structure, I couldn't say for sure.
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You have helped me on another forum. One last question. Could you please provide me with the MF, Residual, Lease offers, for a Jeep Wrangler Unlimited Sport 36 month / 12k miles per month in Baltimore, MD.
Thank you so much for your help. You are awesome!
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1) Is the residual value something that is standard with the financial company. In other words, can they mark the RV down and the buyer has to negotiate it?
2) As far as the MF goes, is the standard MF based on someone with average credit? So someone with 800+ I would imagine would be able to get a better rate...
Thanks in advance...
2. MF is for top tier credit
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
I'm in Virginia. Please provide residual value and money factor for:
1. Wrangler JL Sahara 4DR:
a) 36 months/12k miles, 36 months/10k miles
b) 39 months/12k miles, 39 months/10k miles
2. Wrangler JL Rubicon 4DR:
a) 36 months/12k miles, 36 months/10k miles
b) 39 months/12k miles, 39 months/10k miles
Thanks!
1. Standard MF and 66%/65% residual for 36/39 mo.
2. Standard MF and 69%/68% residual
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1. 2018 Wrangler JK Unlimited SAHARA 4X4 Automatic
2. 2018 Wrangler Unlimited SPORT S Auto
in 33040? 10K 36/39. Thanks!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Subtract 1% for 39/10
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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Acquisition fee is not waived on the Wrangler, but for Chrysler it's $595
No information on holdback
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Looking for some info, if possible. Could I please have the MF/residual for 36/12 and 39/12 in the Philadelphia metro market for the following:
JL Sahara (manual)
JL Sahara (8 speed auto)
JL Rubicon 4 Door (manual)
JL Rubicon 4 Door (8 speed auto)
Much appreciated!
Standard MF and 66% / 65% (Sahara) or 69% / 68% (Rubicon)
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
39/12 residual is just 1% lower
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1. 2018 Wrangler 2 Door JK Willys
2. 2018 Wrangler Unlimited JL Rubicon
Thanks!
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
Thanks
What is the MSRP?
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