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Wrangler lease calculation help please?
Hello. I'm working with a dealer to estimate lease numbers on a 2021 Jeep Wrangler Unlimited Rubicon 4x4. I've tried to calculate the payments using information I've found in this forum, but I am coming up with very different numbers than they are. Could I ask for help understanding the dealer's calculation?
MSRP $51,595
Fees $1094
Total sales price $52,689
For a $0 down lease, 3yr/36k, he's giving me a residual value of $35,601 and monthly payment of $774.
I'm coming up with something closer to $692.77, using 0.675 RV and 0.00246 MF. (I'm in 03865.)
Can you help me understand his calculation, and the error of my ways?
Thank you!!
MSRP $51,595
Fees $1094
Total sales price $52,689
For a $0 down lease, 3yr/36k, he's giving me a residual value of $35,601 and monthly payment of $774.
I'm coming up with something closer to $692.77, using 0.675 RV and 0.00246 MF. (I'm in 03865.)
Can you help me understand his calculation, and the error of my ways?
Thank you!!
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Comments
Where did you get the money factor?
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But, your calculation method seems correct, as I get nearly the same payment.
Ask the dealer for the actual money factor used. If you have "fair" credit, the MF could be a lot higher than you think,
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2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
That said, no idea what score correlates to what tier.
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