Monthly payment?

[garzilla]

What companies are providing those lease rates? The posted money factor is 6% on the jeep site.

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[Kevin_D]

What monthly payment?

Kevin

 

[Beirdniance]

There's a bunch more to it than just your payment.

What's the dealer discount? Incentives? Selling price? Money Factor (MF)?

The Risidual Value (RV) is a percentage that represents the lease end value (example: 67% RV means the value the bank assigns at lease end is 67% of the MSRP). It is set by the bank and is typically better on lower priced models, varies with the term and can vary between banks.

You should negotiate a selling price just like on a purchase. The MF can also be negotiated if it's been marked up by the dealer, which is pretty common.

Best resource, spend some time reading leasehackr.com. You can also hire a broker to find the best deal for you.

I agree. Many people look only at the monthly payment, although without other figures, it's impossible to understand how good a deal is. It's worth paying attention to the sale price, residual value (RV), Money Factor, discount size, and all applied incentives. Sometimes, two offers with the same payment can differ significantly in the total lease cost. It's a good idea to ask the dealer for a full quote and verify every detail before signing the contract.

 

[ShadowsPapa]

A FIVE year old thread LIVES!
IT'S ALIVE!

A good chance the op will never see this ..

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