June Money Factor-US Bank

[Pbmax]

US Bank MF for June. May be helpful if anyone is leasing or considering.

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[Slapping_Rabbits]

I have no idea what I'm looking at

 

[XJ2JTChris]

Can you educate us financing rookies? Is the decimal some sort of interest conversion? Why only leasing?

 

[V10EATR]

Can you educate use financing rookies? Is the decimal some sort of interest conversion? Why only leasing?

Multiply the money factor by 2400 to get your effective interest rate.

 

[XJ2JTChris]

Thx!

 

[Renegade]

Any idea on the residual values?

 

[Pbmax]

Sorry. I should have provided additional context. The thing with the money factor, it’s never listed in a lease contract. A dealer could tell you the money factor changed and your payment is going up. Bad business but it happens to make a few extra $$ on the backend.

 

[Blown7]

Basically if you have Tier 1 credit you'll pay 3.34%
Tier 2 you'll pay 4.32%

Tier 3 . 4.4%

 

[Chance_P]

I signed my us bank lease yesterday. 39/12k 68% residual on Rubicon .00174 MF

They pulled TU. My score 8 is 714 score 9 is 731

 

[Pbmax]

I signed my us bank lease yesterday. 39/12k 68% residual on Rubicon .00174 MF

They pulled TU. My score 8 is 714 score 9 is 731

What was the adjusted net cap cost on your lease? Did you put anything down and did you roll in the acquisition fee?

 

[Chance_P]

What was the adjusted net cap cost on your lease? Did you put anything down and did you roll in the acquisition fee?

I can't recall and I don't have my paperwork handy.

I put down $500 deposit to order, and wrote a check for $1,9XX when I picked up. Tax is 5% in my state. My payment is $453

 

[Pbmax]

I can't recall and I don't have my paperwork handy.

I put down $500 deposit to order, and wrote a check for $1,9XX when I picked up. Tax is 5% in my state. My payment is $453

Sounds about right. I ordered a Rubicon, $60,680 MSRP, 5% under invoice brought it to $54,091. Rolling in tags and acquisition fee brought my adjusted cap cost to approx. $54,700. First month only down, $599 per month 39/12. They said my rate changed and new payment is $616

 

[trez63]

So just to confirm, July rates are higher than June rates? That blows.

 

[Tortooga Custom Works]

Can you educate us financing rookies? Is the decimal some sort of interest conversion? Why only leasing?

There are some really good discussions in other threads:

https://www.jeepgladiatorforum.com/forum/threads/leasing-a-jeep-gladiator.15530/
https://www.jeepgladiatorforum.com/forum/threads/buy-vs-lease-a-detailed-discussion.16770/
https://www.jeepgladiatorforum.com/...-leasing-a-jt-works-a-guide-for-others.16073/

 

[Pbmax]

So just to confirm, July rates are higher than June rates? That blows.

Dealer said June was higher than May. According to the sheet, they didnt change. I dont have July yet. The MF sheet i posted was sent to me by a friend, not the dealership. They keep this close to the chest.

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