2020 Limited X.

XHunter · September 2020

Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.

Michaell · September 2020

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.

Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

XHunter · September 2020

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.

Michaell · September 2020

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.

Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.

XHunter · September 2020

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.

I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?

Michaell · September 2020

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?

Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.

XHunter · September 2020

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.

I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.

Michaell · September 2020

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.
I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.

Take your time and review all the numbers until you understand them. The math behind a lease payment is no harder than what you're exposed to in the 5th grade.

If there is something you don't understand, ask the dealer.

XHunter · September 2020

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.
I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.
Take your time and review all the numbers until you understand them. The math behind a lease payment is no harder than what you're exposed to in the 5th grade.

If there is something you don't understand, ask the dealer.

I actually know how to calculate a lease payment by hand. That’s why it doesn’t make sense to me how did the dealer get his numbers. I’m just holding on because of the 6K discount (11.5%) and now I’m adding 1.5K more discount and they still won’t budge. With a Tier 1 credit, 635 per month doesn’t really make sense to me or with anyone who has basic knowledge on how to calculate lease payments. Maybe explain to them my calculations?

Michaell · September 2020

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.
I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.
Take your time and review all the numbers until you understand them. The math behind a lease payment is no harder than what you're exposed to in the 5th grade.

If there is something you don't understand, ask the dealer.
I actually know how to calculate a lease payment by hand. That’s why it doesn’t make sense to me how did the dealer get his numbers. I’m just holding on because of the 6K discount (11.5%) and now I’m adding 1.5K more discount and they still won’t budge. With a Tier 1 credit, 635 per month doesn’t really make sense to me or with anyone who has basic knowledge on how to calculate lease payments. Maybe explain to them my calculations?

Nope, make them justify their quote; possible areas of difference:

1. Different bank; our numbers are from Chrysler Capital, dealer could be using Ally or US Bank
2. Dealer marking up the MF (max allowed is .00042)
3. Cap cost is somehow "magically" different from what you think it is

XHunter · September 2020

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.
I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.
Take your time and review all the numbers until you understand them. The math behind a lease payment is no harder than what you're exposed to in the 5th grade.

If there is something you don't understand, ask the dealer.
I actually know how to calculate a lease payment by hand. That’s why it doesn’t make sense to me how did the dealer get his numbers. I’m just holding on because of the 6K discount (11.5%) and now I’m adding 1.5K more discount and they still won’t budge. With a Tier 1 credit, 635 per month doesn’t really make sense to me or with anyone who has basic knowledge on how to calculate lease payments. Maybe explain to them my calculations?
Nope, make them justify their quote; possible areas of difference:

1. Different bank; our numbers are from Chrysler Capital, dealer could be using Ally or US Bank
2. Dealer marking up the MF (max allowed is .00042)
3. Cap cost is somehow "magically" different from what you think it is

Is that even legal for the dealer to mark up the MF of a finance bank? I know there’s a destination charge (1400) on adjustment costs but I suspect there’s more hidden fees because there’s no way a 7.5k worth of discounts won’t make any difference. Plus, I’m only rolling in the sales tax which is 6% only.

Michaell · September 2020

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.
I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.
Take your time and review all the numbers until you understand them. The math behind a lease payment is no harder than what you're exposed to in the 5th grade.

If there is something you don't understand, ask the dealer.
I actually know how to calculate a lease payment by hand. That’s why it doesn’t make sense to me how did the dealer get his numbers. I’m just holding on because of the 6K discount (11.5%) and now I’m adding 1.5K more discount and they still won’t budge. With a Tier 1 credit, 635 per month doesn’t really make sense to me or with anyone who has basic knowledge on how to calculate lease payments. Maybe explain to them my calculations?
Nope, make them justify their quote; possible areas of difference:

1. Different bank; our numbers are from Chrysler Capital, dealer could be using Ally or US Bank
2. Dealer marking up the MF (max allowed is .00042)
3. Cap cost is somehow "magically" different from what you think it is
Is that even legal for the dealer to mark up the MF of a finance bank? I know there’s a destination charge (1400) on adjustment costs but I suspect there’s more hidden fees because there’s no way a 7.5k worth of discounts won’t make any difference. Plus, I’m only rolling in the sales tax which is 6% only.

Yes, it's legal. They do it with loans, as well. Just another profit center for the dealer, if folks aren't paying attention.

What is your location?

XHunter · September 2020

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.
I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.
Take your time and review all the numbers until you understand them. The math behind a lease payment is no harder than what you're exposed to in the 5th grade.

If there is something you don't understand, ask the dealer.
I actually know how to calculate a lease payment by hand. That’s why it doesn’t make sense to me how did the dealer get his numbers. I’m just holding on because of the 6K discount (11.5%) and now I’m adding 1.5K more discount and they still won’t budge. With a Tier 1 credit, 635 per month doesn’t really make sense to me or with anyone who has basic knowledge on how to calculate lease payments. Maybe explain to them my calculations?
Nope, make them justify their quote; possible areas of difference:

1. Different bank; our numbers are from Chrysler Capital, dealer could be using Ally or US Bank
2. Dealer marking up the MF (max allowed is .00042)
3. Cap cost is somehow "magically" different from what you think it is
Is that even legal for the dealer to mark up the MF of a finance bank? I know there’s a destination charge (1400) on adjustment costs but I suspect there’s more hidden fees because there’s no way a 7.5k worth of discounts won’t make any difference. Plus, I’m only rolling in the sales tax which is 6% only.
Yes, it's legal. They do it with loans, as well. Just another profit center for the dealer, if folks aren't paying attention.

What is your location?

48183.

Michaell · September 2020

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.
I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.
Take your time and review all the numbers until you understand them. The math behind a lease payment is no harder than what you're exposed to in the 5th grade.

If there is something you don't understand, ask the dealer.
I actually know how to calculate a lease payment by hand. That’s why it doesn’t make sense to me how did the dealer get his numbers. I’m just holding on because of the 6K discount (11.5%) and now I’m adding 1.5K more discount and they still won’t budge. With a Tier 1 credit, 635 per month doesn’t really make sense to me or with anyone who has basic knowledge on how to calculate lease payments. Maybe explain to them my calculations?
Nope, make them justify their quote; possible areas of difference:

1. Different bank; our numbers are from Chrysler Capital, dealer could be using Ally or US Bank
2. Dealer marking up the MF (max allowed is .00042)
3. Cap cost is somehow "magically" different from what you think it is
Is that even legal for the dealer to mark up the MF of a finance bank? I know there’s a destination charge (1400) on adjustment costs but I suspect there’s more hidden fees because there’s no way a 7.5k worth of discounts won’t make any difference. Plus, I’m only rolling in the sales tax which is 6% only.
Yes, it's legal. They do it with loans, as well. Just another profit center for the dealer, if folks aren't paying attention.

What is your location?
48183.

MI taxes the monthly payment on a lease; you shouldn't have to pay the tax up front, except on taxable fees and incentives.

XHunter · September 2020

I will take that into consideration. Thank you for your help!

XHunter · September 2020

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.
I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.
Take your time and review all the numbers until you understand them. The math behind a lease payment is no harder than what you're exposed to in the 5th grade.

If there is something you don't understand, ask the dealer.
I actually know how to calculate a lease payment by hand. That’s why it doesn’t make sense to me how did the dealer get his numbers. I’m just holding on because of the 6K discount (11.5%) and now I’m adding 1.5K more discount and they still won’t budge. With a Tier 1 credit, 635 per month doesn’t really make sense to me or with anyone who has basic knowledge on how to calculate lease payments. Maybe explain to them my calculations?
Nope, make them justify their quote; possible areas of difference:

1. Different bank; our numbers are from Chrysler Capital, dealer could be using Ally or US Bank
2. Dealer marking up the MF (max allowed is .00042)
3. Cap cost is somehow "magically" different from what you think it is
Is that even legal for the dealer to mark up the MF of a finance bank? I know there’s a destination charge (1400) on adjustment costs but I suspect there’s more hidden fees because there’s no way a 7.5k worth of discounts won’t make any difference. Plus, I’m only rolling in the sales tax which is 6% only.
Yes, it's legal. They do it with loans, as well. Just another profit center for the dealer, if folks aren't paying attention.

What is your location?
48183.
MI taxes the monthly payment on a lease; you shouldn't have to pay the tax up front, except on taxable fees and incentives.

I will take that advice. Thank you!

XHunter · September 2020

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.
I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.
Take your time and review all the numbers until you understand them. The math behind a lease payment is no harder than what you're exposed to in the 5th grade.

If there is something you don't understand, ask the dealer.
I actually know how to calculate a lease payment by hand. That’s why it doesn’t make sense to me how did the dealer get his numbers. I’m just holding on because of the 6K discount (11.5%) and now I’m adding 1.5K more discount and they still won’t budge. With a Tier 1 credit, 635 per month doesn’t really make sense to me or with anyone who has basic knowledge on how to calculate lease payments. Maybe explain to them my calculations?
Nope, make them justify their quote; possible areas of difference:

1. Different bank; our numbers are from Chrysler Capital, dealer could be using Ally or US Bank
2. Dealer marking up the MF (max allowed is .00042)
3. Cap cost is somehow "magically" different from what you think it is
Is that even legal for the dealer to mark up the MF of a finance bank? I know there’s a destination charge (1400) on adjustment costs but I suspect there’s more hidden fees because there’s no way a 7.5k worth of discounts won’t make any difference. Plus, I’m only rolling in the sales tax which is 6% only.

Is the max mf 0.00042 for Tier 1 only?

Michaell · September 2020

XHunter said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.
I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.
Take your time and review all the numbers until you understand them. The math behind a lease payment is no harder than what you're exposed to in the 5th grade.

If there is something you don't understand, ask the dealer.
I actually know how to calculate a lease payment by hand. That’s why it doesn’t make sense to me how did the dealer get his numbers. I’m just holding on because of the 6K discount (11.5%) and now I’m adding 1.5K more discount and they still won’t budge. With a Tier 1 credit, 635 per month doesn’t really make sense to me or with anyone who has basic knowledge on how to calculate lease payments. Maybe explain to them my calculations?
Nope, make them justify their quote; possible areas of difference:

1. Different bank; our numbers are from Chrysler Capital, dealer could be using Ally or US Bank
2. Dealer marking up the MF (max allowed is .00042)
3. Cap cost is somehow "magically" different from what you think it is
Is that even legal for the dealer to mark up the MF of a finance bank? I know there’s a destination charge (1400) on adjustment costs but I suspect there’s more hidden fees because there’s no way a 7.5k worth of discounts won’t make any difference. Plus, I’m only rolling in the sales tax which is 6% only.
Is the max mf 0.00042 for Tier 1 only?

No, for any tier.

XHunter · September 2020

Michaell said:

XHunter said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.
I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.
Take your time and review all the numbers until you understand them. The math behind a lease payment is no harder than what you're exposed to in the 5th grade.

If there is something you don't understand, ask the dealer.
I actually know how to calculate a lease payment by hand. That’s why it doesn’t make sense to me how did the dealer get his numbers. I’m just holding on because of the 6K discount (11.5%) and now I’m adding 1.5K more discount and they still won’t budge. With a Tier 1 credit, 635 per month doesn’t really make sense to me or with anyone who has basic knowledge on how to calculate lease payments. Maybe explain to them my calculations?
Nope, make them justify their quote; possible areas of difference:

1. Different bank; our numbers are from Chrysler Capital, dealer could be using Ally or US Bank
2. Dealer marking up the MF (max allowed is .00042)
3. Cap cost is somehow "magically" different from what you think it is
Is that even legal for the dealer to mark up the MF of a finance bank? I know there’s a destination charge (1400) on adjustment costs but I suspect there’s more hidden fees because there’s no way a 7.5k worth of discounts won’t make any difference. Plus, I’m only rolling in the sales tax which is 6% only.
Is the max mf 0.00042 for Tier 1 only?
No, for any tier.

And this is for Chrysler Capital only?

Michaell · September 2020

XHunter said:

Michaell said:

XHunter said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:

Michaell said:

XHunter said:
Hi!

I would like to ask some insights regarding this offer.

Jeep Grand Cherokee Limited X
36 months/10K per year.
RV= 54%.
MF= 0.00019

MSRP : 52,275
Savings: 6,000 (didn't get the breakdown)
Selling Price : 46,275 (11.5 % OFF MSRP)
Sales Tax: 6%
Due at signing: 1000
Monthly Payment : 635

I used a lease calculator based on the numbers I have and the monthly payment should be around 400.
I'm holding on to this quote because of the 6K savings.

Any feedback will be appreciated.
Confirm the bank the dealer is using - our numbers come from Chrysler Capital.

Also, you'll need to get the adjusted cap cost from the dealer, as the $1000 DAS won't cover all the inception costs.

I'm willing to pay the total inception fees upfront. I will ask for the adjusted cap cost after removing total inception fees.
Actually, you only want to pay the first payment and registration costs up front; roll any other taxes or fees into the monthly payment.
I’m thinking to pay the fees upfront and only roll in the sales tax. Is that good?
Any money you lay out up front is at risk for loss if the car is stolen or totaled during the lease.

But, your money, your decision.
I understand and I appreciate your input very much. I just think like they’re playing with the numbers and try to confuse me. I’m a first time lessee. So just don’t want to get a bad deal and get stuck with it for 36 months.
Take your time and review all the numbers until you understand them. The math behind a lease payment is no harder than what you're exposed to in the 5th grade.

If there is something you don't understand, ask the dealer.
I actually know how to calculate a lease payment by hand. That’s why it doesn’t make sense to me how did the dealer get his numbers. I’m just holding on because of the 6K discount (11.5%) and now I’m adding 1.5K more discount and they still won’t budge. With a Tier 1 credit, 635 per month doesn’t really make sense to me or with anyone who has basic knowledge on how to calculate lease payments. Maybe explain to them my calculations?
Nope, make them justify their quote; possible areas of difference:

1. Different bank; our numbers are from Chrysler Capital, dealer could be using Ally or US Bank
2. Dealer marking up the MF (max allowed is .00042)
3. Cap cost is somehow "magically" different from what you think it is
Is that even legal for the dealer to mark up the MF of a finance bank? I know there’s a destination charge (1400) on adjustment costs but I suspect there’s more hidden fees because there’s no way a 7.5k worth of discounts won’t make any difference. Plus, I’m only rolling in the sales tax which is 6% only.
Is the max mf 0.00042 for Tier 1 only?
No, for any tier.
And this is for Chrysler Capital only?

Correct - no information on other banks who fund leases for FCA.

XHunter · September 2020

Adjusted Cap. Cost only after they ran your credit?

Michaell · September 2020

XHunter said:
Adjusted Cap. Cost only after they ran your credit?

The adjusted cap cost shouldn't change based on your credit score - only the MF changes.

XHunter · September 2020

Michaell said:

XHunter said:
Adjusted Cap. Cost only after they ran your credit?
The adjusted cap cost shouldn't change based on your credit score - only the MF changes.

That’s what I thought too.I’m guessing,it would be an avenue of profit.

Michaell · September 2020

XHunter said:

Michaell said:

XHunter said:
Adjusted Cap. Cost only after they ran your credit?
The adjusted cap cost shouldn't change based on your credit score - only the MF changes.
That’s what I thought too.I’m guessing,it would be an avenue of profit.

To a dealer, everything is an avenue of profit.

XHunter · September 2020

Is the MSRP the base price or total price after all options are added?

Michaell · September 2020

XHunter said:

Is the MSRP the base price or total price after all options are added?

It's the bottom line number of the window sticker - $49,440

2020 Limited X.

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