JT Rubicon Lease Advice

[WvJeeper304]

Looking to lease a JTR. Msrp $54,855 and negotiated sales price of $47,999. 36 month lease, $1k down. 10k miles per year. I was quoted $622. Seems like ridiculously high. Can anyone provide some insight ?

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[jrb517]

According to my handy dandy lease calculator, with 1k down and a tax rate of 6% in WV, on a 36 month lease theyre quoting you about a 59% residual value (worth 31k at lease end). Seems a little low to me, especially on a 10k/yr lease.

On the Edmunds forums, I'm seeing a 64% residual on a Rubicon 36 month lease for 12k/yr in VA. (not WV but close enough?) -- which would make it 513 a month.

I don't think residual values are negotiable, but if you could negotiate a lower sale price you can get that payment down a bit. (46k gets you 563/month, 45k gets you to 531/month, etc.). You might be able to negotiate by telling them the max you'd be comfortable paying per month.

https://forums.edmunds.com/discussi...020-jeep-gladiator-lease-deals-and-prices/p13

 

[MobileHomeboy]

Sounds like a pretty good lease.
A 3 year lease residual is normally 50-55% of MSRP. Roughly $30,100.00. Subtract sale price( $48k) Is about 18k difference. $18k/35 payments (your $1k covers first payment and dealer fees) $515.00 plus taxes/ interest etc. Remember the interest is charged against the cap cost of the lease. This case being $48k.

 

[kelkolb]

My max tow was a 72% residual with 15k miles/year. I believe a Rubicon is 68-70% at that mileage. If your tax rate is 6% then you should be at no more than $500/mo

 

[z0lt3c]

My max tow was a 72% residual with 15k miles/year. I believe a Rubicon is 68-70% at that mileage. If your tax rate is 6% then you should be at no more than $500/mo

I am guess you are quoting pre-COVID numbers. The RV has fallen about 10% since Feb/March.

 

[jrb517]

My max tow was a 72% residual with 15k miles/year. I believe a Rubicon is 68-70% at that mileage. If your tax rate is 6% then you should be at no more than $500/mo

How many months? my max tow was 68% on a 42 month lease.

 

[kelkolb]

How many months? my max tow was 68% on a 42 month lease.

36 months

 

[kelkolb]

These are pre-COVID numbers. The RV has fallen about 10% since Feb/March.

That's really terrible if that's the case. I guess that means I should be able to buy it for less than the pre determined amount when my lease is up.

 

[TheSolarWizard]

That's really terrible if that's the case. I guess that means I should be able to buy it for less than the pre determined amount when my lease is up.

No that’s not what that means.your buy out is fixed.

 

[kelkolb]

No that’s not what that means.your buy out is fixed.

They’d like you to think that. I know plenty of people who have negotiated.

 

[Mr._Bill]

No that’s not what that means.your buy out is fixed.

The buy out price is fixed in the contract.

Leasing companies may negotiate a lower price at lease end to encourage you to buy it instead of turning it back. It depends on the company and where the market is at the time. Some prefer to take a fixed loss and sell to you, rather than gamble on the auction process that is frequently used for disposal of lease returns.

 

[Chance_P]

I signed my lease 12 months ago. 52k msrp 46.1k purchase price. 5% tax, 1000 down (includes first payment & $75 doc fee), 66% residual, $452/mo 12k/yr 39 month 33k buyout. I think my MF was .00176

Currently sitting at 7k miles. Should hit 10k by the end of August though.

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