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?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.
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 arrivesBut 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?
You the man Spencer!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
Did you make your decision solely on monthly pmt, or did you look at end of lease options too?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.
FWIW he told me the 36 month residual for both was 71%. So the MF does really come into play.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?
residual on which vehicle was 71%? i thought for the sport s the residual was 81% with 10,000 miles per year.FWIW he told me the 36 month residual for both was 71%. So the MF does really come into play.
The Rubi. 81% sounds incredible. I wish. Doubt that's correct but you might be right.residual on which vehicle was 71%? i thought for the sport s the residual was 81% with 10,000 miles per year.
81% for sport s is what a dealer on our forum told me...The Rubi. 81% sounds incredible. I wish. Doubt that's correct but you might be right.
How many month?66% on the Rubi 12k a year was the residual US Bank has it at.
What about sport s 36 MO 39 MO stats?39 and 42 were the same at 66%