Just placed the order, the reason I went with the Overland over the Summit was because of this money factor. If you are in NJ/NY area, the dealer is Team Welsh Jeep. A dealer 10 miles away had a factor of .0018 on the same vehicle.

The payment is 327.10. My trade was $9k and I put down $2500 cash.What does all that mean?? You have no payment now?
Correct. You should never put any money down on a lease. All it does is prepay lease payments, so if you take that money, divide it by 36 you get the savings in the payment. Much smarter to put the money in a savings account and make payments/portions of payments out of that.I'm not really well-versed in leasing, so bear with me. Don't they recommend not putting so much down ($11,500 in this case) on a lease since if you total the vehicle you've lost that money?
I've leased a lot of cars, and I have never seen those items on an invoice, or been offered those items. It lists LOE insurance too, loss of employment.AAAA said:I've never leased a car. Is it normal to have life insurance and accident and health insurance on the invoice?
I would suggest to the OP that he sets aside this huge downpayment (i.e. on a savings account) and divides it by 36 and uses that fraction every month towards the higher lease payment. At that money factor, anything else would be an unnecessary gamble due to the risks you just mentioned.Congrats on the order but putting anything down, let alone 11,500 on a lease is a big mistake.
If the vehicle is stolen or totaled early in the lease, that money goes up in smoke. As this is just an order, I would change this asap.
How is that possible?I see what you guys are saying and it makes a lot of sense. I will stick with my $2500 down, that takes my monthly to $600...