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Ordering an Overland for Lease - Rate Lock?

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1K views 4 replies 5 participants last post by  GCOverland 
#1 ·
New to the forums, so bear with me.

I ordered a 2017 Overland 4x4 V8 over the weekend through my local dealer. My problem is this month's residuals and MF on this model are absurdly good. My dealer is telling me that the residuals and MF in place at the time of delivery will be what's applied to the deal.

I know other manufacturers offer a rate lock for custom ordered vehicles. Does anyone know if Chrysler Capital offers this? Basically I fill out the credit app and run the deal through using today's rates (on top of my deposit to hold the order).

My reason for ordering is:

1) I like a certain color combination and option set that is impossible to find; and

2) My current lease isn't up until April so I have some time.

The current MF in my area is 0.00007 (~0.16%) which basically means there is no finance charge. I'm concerned that in a few months, that's going to change drastically.
 
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#3 ·
Hate to say it, but waiting a couple of months might be dicey for a lease. It's hard to know but the MF is so low already I can't imagine it would be cheaper down the road because residuals will only drop. You're best hope, and it's a good one, is that there will be some incentives to clear out 2017 models. That should offset the drop in residuals so it might be a wash.
 
#4 ·
"Clearance" deals wouldn't likely come until at least mid-summer, so unless the OP wants to wait that long, it's probably not a factor.
 
#5 ·
Will be interesting to see how the numbers will develop over the rest of the WK2's life.

I wouldn't be so sure this time that deals on the MY18 would be far worse than on the MY17s since it's the final MY.
 
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