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  #13  
Old 03-20-2013, 11:49 AM
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Re: lease help

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Originally Posted by iamwiz82 View Post
You are forgetting interest portion of the payments.

$30,900 seems like a great deal but the other numbers are a bit wonky.
LOL - edited it to say pre-taxes
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  #14  
Old 03-20-2013, 12:49 PM
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Re: lease help

You don't want to put anything down on a lease. All a downpayment is prepaid lease payments, if you rented an apartment would you put $2,500 down to have cheaper monthly rent? No.

Put the $2,500 in a savings account and make a portion of the payments out of that. That way you get your savings and control of the money.

The residual is fine, remember this is a leftover model so the residual is going to be low. Money factor translates to a 3.12% rate, which is not terrible.

I would try and negotiate the money factor down further, and don't put the $2,500 down.
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  #15  
Old 03-20-2013, 01:06 PM
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Re: lease help

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Originally Posted by knicksfan1289 View Post
I chose to put the extra money down, I wanted my payments lower hes at 359 with $1500. Im in NY so a big chunk of my down payment is taxes and fees and I would rather just pay them up front.
It's your money. Do with it what you want, but you're making a poor financial choice by putting that much down. Educate yourself on leases first and don't be lured in by a low payment. 
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Old 03-20-2013, 01:19 PM
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Re: lease help

Absolutely.
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  #17  
Old 03-20-2013, 09:12 PM
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Re: lease help

I leased a JGC Limited in NY last month. Hann Financial + Chrysler are offering $5000 rebate with a 3.12% apr and 50% residual for 39 mo. Paying $414 per mo. based on invoice - $5K. Out of pocket I paid tax, first mo, and bank fee. I did not want to have to pay interest on these expenses. Good Lcuk!!!!
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Old 03-21-2013, 04:02 AM
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Re: lease help

That money factor is high as well. I posted a few weeks ago a pic of my agreement with a money factor of .00001. I am not leasing now because I got a 1.9% loan for 60mo, but your money factor is hurting you alone.
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Old 03-21-2013, 04:14 AM
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With ally you can only raise the MF .080 is about 500 bucks in profit on reserve - her lying to u my overland is 49600 and some change with EP pricing and all the hold back and pack I bout mind for 40366 do a X - entry level line with now options is about 4000 swing from mrsp to invoice
I'm finance director for 2 Chrysler jeep stores MF should be .00093 with a 12 k lease 56 % - 58 residuals 35780 should be sale price - their some Hidden fee that their not telling you about let me know if I can assist or
Get involved
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Old 03-22-2013, 09:42 AM
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Re: lease help

Quote:
Originally Posted by smknsrt8z View Post
With ally you can only raise the MF .080 is about 500 bucks in profit on reserve - her lying to u my overland is 49600 and some change with EP pricing and all the hold back and pack I bout mind for 40366 do a X - entry level line with now options is about 4000 swing from mrsp to invoice
I'm finance director for 2 Chrysler jeep stores MF should be .00093 with a 12 k lease 56 % - 58 residuals 35780 should be sale price - their some Hidden fee that their not telling you about let me know if I can assist or
Get involved

It's Hann Financial they are using, so you are saying they are lying? im a bit confused from your post? does the 35780 include the $5000 rebate Hann is offering now? Because that it kind of make sense to me.

Thanks for your help
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Old 03-22-2013, 09:56 AM
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They are lying ALLY FINANCIAL ISNTHE CAPTIVE lender for leasing who's the dealership
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Old 03-22-2013, 09:56 AM
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Ill have a car delivered to u what state u in
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Old 03-22-2013, 10:00 AM
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Re: lease help

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Originally Posted by smknsrt8z View Post
Ill have a car delivered to u what state u in

I'm in NY
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  #24  
Old 03-23-2013, 08:45 AM
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Re: lease help

Quote:
Originally Posted by smknsrt8z View Post
They are lying ALLY FINANCIAL ISNTHE CAPTIVE lender for leasing who's the dealership
I've heard from multiple sources that Chrysler is using other lenders including primarily Hann Financial instead of Ally for leases now.

I'd rather lease through anyone but Ally quite frankly. I'll never do business with Ally again.
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