June Money Factor-US Bank

[trez63]

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.

Oh I see, so July is still not announced. Good to know.

Thanks

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[Pbmax]

US Bank July lease MF for 36,39 & 42mo is .0012. Rate dropped from June! Dealers can mark this up. US Bank can change this rate mid month-FYI.

 

[WXman]

This is pure speculation on my part, but I watched the entire thing unfold with the new JL last year and my experience has been that once the newness and buzz surrounding the Gladiator cools down later this fall, the financing will get worse. Residuals will go down, money factors will go up, and steeper rebates and discounts at the dealerships will drive resale values down slightly too.

SO, as the old saying goes, "there's no time like the present." If you are 100% sure you're getting one of these trucks, I'd suggest striking now while the iron is hot.

 

[trez63]

So the update on this sucks.
Travis called me and said the FCA MF for July is .00273, which is super high.
The US Bank one he says is 0.00173 which is a lot lower but still very high IMO compared to what I've seen posted here.

What's worse is that US Bank can't do the lease unless I show up in person to sign the lease paperwork which sucks cause that would mean from from CA to NC just to sign a paper and come right back and wait for shipping.

I might have to finance on my own if that's the case.

 

[Yellow1098]

How can it be Negotiationed in leasing conversations

 

[Blown7]

But hold your breath I think the new numbers come out tomorrow?

 

[Pbmax]

I'm waiting to hear what the new numbers look like. I will post as soon as I get them.

 

[Pbmax]

Updated-US Bank money factor and residual per a dealer contact.

Gladiator money factor for 42 mos is .0012 and residual is 67%

 

[trez63]

Updated-US Bank money factor and residual per a dealer contact.

Gladiator money factor for 42 mos is .0012 and residual is 67%

Any idea what it is for 36 months? I know the residual is quite good like 71% ...

 

[Renegade]

Updated-US Bank money factor and residual per a dealer contact.

Gladiator money factor for 42 mos is .0012 and residual is 67%

At what mileage limit?

 

[Pbmax]

At what mileage limit?

12k miles a year

 

[steffen707]

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

how do you get a lease through us bank? doesn't the dealer use FCA capital?

 

[steffen707]

So the update on this sucks.
Travis called me and said the FCA MF for July is .00273, which is super high.
The US Bank one he says is 0.00173 which is a lot lower but still very high IMO compared to what I've seen posted here.

What's worse is that US Bank can't do the lease unless I show up in person to sign the lease paperwork which sucks cause that would mean from from CA to NC just to sign a paper and come right back and wait for shipping.

I might have to finance on my own if that's the case.

@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?

 

[Chance_P]

how do you get a lease through us bank? doesn't the dealer use FCA capital?

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.

 

[Pbmax]

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.

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.

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