Sponsored

June Money Factor-US Bank

spenchey

Peak Sponsor (Level 2)
First Name
spencer heywood
Joined
Mar 31, 2019
Threads
2
Messages
519
Reaction score
722
Location
spirit lake iowa
Vehicle(s)
every gladiator you could want
@Pbmax can any dealer use US Bank, that's quite the difference.

@spenchey can you guys use US Bank?

Let me guess each bank/leasing company has their own MF and residual, so both need to be compared to really know what the payment will be?

We do use US Bank frequently
Sponsored

 

steffen707

Well-Known Member
Joined
Jan 28, 2018
Threads
204
Messages
8,620
Reaction score
8,916
Location
Middle Wisconsin
Vehicle(s)
2001 Jetta TDI RIP, 89' Civic SI, 2019 Pacifica Hybrid, 2020 GLADIATOR SPORT S "GLADYS"
In my experience, Dealers will steer you to the bank that has more backend opportunity for the dealership to make money on the deal. When the discounts are x % under invoice, there has to be another lever for them to pull. You can ask for them to run it through FCa or US bank.

With the majority of my leases I’ve used US bank because I can get access to their rate sheet through a dealer friend of mine who btw couldn’t touch the 5% under deal I got on the Silver Rubi(not delivered yet)
I know the rate is X for tier 1 credit and the dealer is telling me Y which in some cases the monthly payment difference is $50. I call them out on it, find a middle ground so they make money and I’m saving some.
But whatever MF us bank has you also have to use their residual, right?

So us bank could have a better MF, but a lousy residual, and FCA might have a great residual but a worse MF?
 

spenchey

Peak Sponsor (Level 2)
First Name
spencer heywood
Joined
Mar 31, 2019
Threads
2
Messages
519
Reaction score
722
Location
spirit lake iowa
Vehicle(s)
every gladiator you could want
But whatever MF us bank has you also have to use their residual, right?

So us bank could have a better MF, but a lousy residual, and FCA might have a great residual but a worse MF?
Could be, Ally is known for super high residuals but their rates are out of this world high too. We'll take a look at your best option when your JT arrives
 

steffen707

Well-Known Member
Joined
Jan 28, 2018
Threads
204
Messages
8,620
Reaction score
8,916
Location
Middle Wisconsin
Vehicle(s)
2001 Jetta TDI RIP, 89' Civic SI, 2019 Pacifica Hybrid, 2020 GLADIATOR SPORT S "GLADYS"
Could be, Ally is known for super high residuals but their rates are out of this world high too. We'll take a look at your best option when your JT arrives
You the man Spencer!
 

steffen707

Well-Known Member
Joined
Jan 28, 2018
Threads
204
Messages
8,620
Reaction score
8,916
Location
Middle Wisconsin
Vehicle(s)
2001 Jetta TDI RIP, 89' Civic SI, 2019 Pacifica Hybrid, 2020 GLADIATOR SPORT S "GLADYS"
D
Dealers can get you a lease through whatever bank they work with. I was given #'s for CCAP and USBank from Spencer, the decision was mine to make.
Did you make your decision solely on monthly pmt, or did you look at end of lease options too?
 

Sponsored

trez63

Well-Known Member
Joined
Feb 19, 2019
Threads
45
Messages
397
Reaction score
463
Location
California
Vehicle(s)
2020 Jeep Gladiator Launch Edition, 2018 Acura NSX, 2016 Range Rover Sport SVR, 2018 Land Rover Discovery, 2017 Kawasaki Z900
Let me guess each bank/leasing company has their own MF and residual, so both need to be compared to really know what the payment will be?
FWIW he told me the 36 month residual for both was 71%. So the MF does really come into play.
 

steffen707

Well-Known Member
Joined
Jan 28, 2018
Threads
204
Messages
8,620
Reaction score
8,916
Location
Middle Wisconsin
Vehicle(s)
2001 Jetta TDI RIP, 89' Civic SI, 2019 Pacifica Hybrid, 2020 GLADIATOR SPORT S "GLADYS"
FWIW he told me the 36 month residual for both was 71%. So the MF does really come into play.
residual on which vehicle was 71%? i thought for the sport s the residual was 81% with 10,000 miles per year.
 

trez63

Well-Known Member
Joined
Feb 19, 2019
Threads
45
Messages
397
Reaction score
463
Location
California
Vehicle(s)
2020 Jeep Gladiator Launch Edition, 2018 Acura NSX, 2016 Range Rover Sport SVR, 2018 Land Rover Discovery, 2017 Kawasaki Z900
residual on which vehicle was 71%? i thought for the sport s the residual was 81% with 10,000 miles per year.
The Rubi. 81% sounds incredible. I wish. Doubt that's correct but you might be right.
 

steffen707

Well-Known Member
Joined
Jan 28, 2018
Threads
204
Messages
8,620
Reaction score
8,916
Location
Middle Wisconsin
Vehicle(s)
2001 Jetta TDI RIP, 89' Civic SI, 2019 Pacifica Hybrid, 2020 GLADIATOR SPORT S "GLADYS"
The Rubi. 81% sounds incredible. I wish. Doubt that's correct but you might be right.
81% for sport s is what a dealer on our forum told me...
 
OP
OP
Pbmax

Pbmax

Well-Known Member
First Name
Pete
Joined
May 2, 2019
Threads
3
Messages
55
Reaction score
54
Location
PA
Vehicle(s)
18 Wrangler JL
66% on the Rubi 12k a year was the residual US Bank has it at.
 

Sponsored

steffen707

Well-Known Member
Joined
Jan 28, 2018
Threads
204
Messages
8,620
Reaction score
8,916
Location
Middle Wisconsin
Vehicle(s)
2001 Jetta TDI RIP, 89' Civic SI, 2019 Pacifica Hybrid, 2020 GLADIATOR SPORT S "GLADYS"
okay, just got USBank 36/10k MF 0.00154 and residual of 71 on a sport S. This came out to $433.05 payments with no money down.

awaiting the chrysler lease numbers from same dealer

because on 7/9 when i ran the dealers numbers it was ChryslerCapital 36/10k 0.002(estimate) 81% residual on sport s and was only like $345 per month.

USBank may have killer MFs, but if their residual suck Chrysler should be better, but maybe I missed the right window..... =( Fricken slow jeep production.
 

steffen707

Well-Known Member
Joined
Jan 28, 2018
Threads
204
Messages
8,620
Reaction score
8,916
Location
Middle Wisconsin
Vehicle(s)
2001 Jetta TDI RIP, 89' Civic SI, 2019 Pacifica Hybrid, 2020 GLADIATOR SPORT S "GLADYS"
hey @Pbmax , can you confirm what USBank's residual and MF are?

The chrysler numbers were worse. This JT is going to be like $80 a month more than what i thought it was.
Sponsored

 
 



Top