Lease Rates?

[4sallypat]

FCA is offering a $750 incentive for credit scores below 620.
But the MF is going to be high.

Best to get a co-signer.

 

[crvttcrss]

I just found out my credit rating is 575....any ideas how I can get my hands on a new lease without selling my soul....I have a current lease with Hyundai always on time with 2 payments left at 299.18....I can afford a payment around 399 with 2000 down plus DMV... Big Horn about 52,000

I live in PA and spoke to a dealer about a lease for my mom and dad who have roughly the same score. They told me its tough trying to do a lease on anything thats not in the upper 600's but i know they have special finance depts that could help with everyones specific situation. There might be sone members with more info on this matter but this is what i was told. Goodluck!

 

[LossPrev]

I just found out my credit rating is 575....any ideas how I can get my hands on a new lease without selling my soul....I have a current lease with Hyundai always on time with 2 payments left at 299.18....I can afford a payment around 399 with 2000 down plus DMV... Big Horn about 52,000

How did you obtain your credit score and which reporting agency is it? Keep in mind if you used credit karma or even a bank that the score Chrysler comes up with could be very different. I forget which agency they use but even if it's the same agency their calculated score could be different.

I think your only option is to go sit down with a dealer to see what they say. They will do everything they can to move a unit so if theres a way to make your credit score work they'll figure it out.

Just stay firm at your 399(or set a slightly higher reserve number) and don't let them talk you into "buying down your payment" with more money down. I would normally say put $0 down on a lease but your credit score will probably necessitate some money down.

 

[User_3336]

chrysler capital (santander) typically uses EXPERIAN. if you went to the chrysler capital website, and pre-qualified for a loan, it would send you a copy of your credit score, and it is the SAME score obtained if you went to the experian website.
credit karma uses Transunion and Equifax.

 

[IShotBambi]

Keep in mind I'm no expert on lease but to me this was a bad offer I got.

Truck was a Ram 1500 bighorn quad cab 5.7l. I believe level 1 convenience/technology group. It had the center console, 8.4 inch display.

He said my car had 1900 negative equity. With that factored in the offer was 455 a month 12k/36.

Going to try another dealer. Fish for those holiday deals

 

[Ls15]

Just closed a deal this past friday .

-2019 Ram 1500 Laramie

MSRP- 58345
Sale Price- 49483
36/12 Lease
Monthly - 550 (taxes included)
DAS- 550 (1st Payment)

 

[User_3336]

I've NEVER seen that big of a discount off, especially on a lease.
So, are you saying 49483 was the cap cost?

Also, you didn't mention what the money factor was nor the residual value, so its hard to say whether this was a good deal or not.

All I can see if 2,000 lease cash, so not sure where the rest of that "discount" is coming from.

Just closed a deal this past friday .

-2019 Ram 1500 Laramie

MSRP- 58345
Sale Price- 49483
36/12 Lease
Monthly - 550 (taxes included)
DAS- 550 (1st Payment)

 

[Ls15]

I've NEVER seen that big of a discount off, especially on a lease.
So, are you saying 49483 was the cap cost?

Also, you didn't mention what the money factor was nor the residual value, so its hard to say whether this was a good deal or not.

All I can see if 2,000 lease cash, so not sure where the rest of that "discount" is coming from.

Other then regional incentives the sale price of the vehicle was 49483.(About 7-8% Below invoice) Plus dealer fee and tag.

Resigual was 54% and MF .00053 (Matches up to edmunds)

 

[jlutren]

First time ever leasing a vehicle. Don't know anything about it, just know that my wife's coworker's husband sells cars for a living. He posted on Facebook last thursday about some really crazy lease specials.

I picked up a 2019 Laramie w/ a MSRP of 53,xxx and signed a 24 mo lease, 12k miles a year, for $351 a month. No money down.

I've never leased, and never owned a truck. Always been a car guy, but I'm very pleasantly surprised by how well I like it so far.

 

[Gauge]

Leased a 4x4 Laramie yesterday.

Msrp $63,335
Selling price: $54,151.43
Acq fee: $595
Drive Away: $10
1st Paymt Down (cash down): $505.62
Rebates: $3500
Residual 56% of the msrp: $35,467.60
Money Factor: .00065
Payment per month: $505.62

$505 a month plus tax. I was happy with the truck.

 

[Gauge]

Leased a 4x4 Laramie yesterday.

Msrp $63,335
Selling price: $54,151.43
Acq fee: $595
Drive Away: $10
1st Paymt Down (cash down): $505.62
Rebates: $3500
Residual 56% of the msrp: $35,467.60
Money Factor: .00065
Payment per month: $505.62

$505 a month plus tax. I was happy with the truck.

 

[Lotpb]

First time ever leasing a vehicle. Don't know anything about it, just know that my wife's coworker's husband sells cars for a living. He posted on Facebook last thursday about some really crazy lease specials.

I picked up a 2019 Laramie w/ a MSRP of 53,xxx and signed a 24 mo lease, 12k miles a year, for $351 a month. No money down.

I've never leased, and never owned a truck. Always been a car guy, but I'm very pleasantly surprised by how well I like it so far.

That is a great deal...can you pass the dealer name or the salesman’s number

 

[wingostar]

Leased a 4x4 Laramie yesterday.

Msrp $63,335
Selling price: $54,151.43
Acq fee: $595
Drive Away: $10
1st Paymt Down (cash down): $505.62
Rebates: $3500
Residual 56% of the msrp: $35,467.60
Money Factor: .00065
Payment per month: $505.62

$505 a month plus tax. I was happy with the truck.

Gauge, that is a great lease for sure! You show $3,500 in rebates and I am wondering which ones you qualified for? Thanks!

 

[Gauge]

Gauge, that is a great lease for sure! You show $3,500 in rebates and I am wondering which ones you qualified for? Thanks!

I live in Kentucky (bought car near Chicago). I guess the $3500 was region specific. The only additional rebate I qualified for was 1k USAA for purchase, but the dealership told me I couldn’t use it on a lease. I guess you can only use region specific on a lease?

 

[wingostar]

I live in Kentucky (bought car near Chicago). I guess the $3500 was region specific. The only additional rebate I qualified for was 1k USAA for purchase, but the dealership told me I couldn’t use it on a lease. I guess you can only use region specific on a lease?

Thanks!

 

[jlutren]

That is a great deal...can you pass the dealer name or the salesman’s number

The lease special went until 11/30. I also forgot to add in, I did write the salesman a personal check for $450 to "get an employee # for the additional monthly savings." Don't know if that was just a sales tactic, or a legit thing. LaFontaine in Fenton, MI.

 

[benbindokas]

2019 Big Horn crew 4x4

$0 down sign and drive
36 months
10k miles per year
$267/month plus tax, came to just over $300
Leased through First National Bank

Good deal?

 

[Sooliman]

2019 Big Horn crew 4x4

$0 down sign and drive
36 months
10k miles per year
$267/month plus tax, came to just over $300
Leased through First National Bank

Good deal?

What’s the MSRP? What’s the selling price? Big Horns have very good incentives, but $300 all-in seems a bit impossible. If it’s a real deal, congrats, but something doesn’t add up.

 

[benbindokas]

What’s the MSRP? What’s the selling price? Big Horns have very good incentives, but $300 all-in seems a bit impossible. If it’s a real deal, congrats, but something doesn’t add up.

I saw the advertisement and figured there was some sort of catch but it turnes out to hold true. All in all I think I got a pretty good deal.

 

[Cannonball]

I saw the advertisement and figured there was some sort of catch but it turnes out to hold true. All in all I think I got a pretty good deal.

Whether or not it's a good deal depends on where the $7750 cap cost reduction came from. That section was just out of view in your pic. If it's anything other than dealer rebates than it's not a good deal.

And your 267/mo plus tax equaling 325 /mo doesn't make sense unless your tax rate is 20% San Francisco? Lol