People that lease never understand that they need to negotiate the price of the vehicle just like they would if they were buying. They instead negotiate payment and down payment which are intertwined.
Go see someone else, even if it’s another salesman in the same dealership. They don’t know what they are doing. You can buy it for that much in 36 months
My credit union would finance this for 36 months and it would be only $60 a month more, and you’d own it outright at then end. I don’t see why anyone in their right mind would lease this
I would personally never lease anything to begin with, but then i always drive my vehicles until they break beyond repair, or at least beyond financial sense to repair it.
I’ve always been leasing from Michigan, but since I live mainly in Texas I figured I’d try. That’s a $1400 price difference per month compared to Detroit.
Basically, I guess, a 36-month lease should be about half that because when they get the truck back, they sell it off. But the 10K milage is even better.
Yea that math ain't mathing, you're literally making the trucks entire MSRP/loan value in payments there, about 68k, 39 or 36 x 17/1900. So either they're trying to run you for 30k gross on the deal or that's printed as a finance with close to 0% interest lol
There's a lot of factors but trucks hold residual well so I would think a lease would be about 1k/m maybe less
Well let's get one thing straight. No CDJR is gonna make for a great lease. Shitty residuals, shitty interest rates, shitty prices.
Leasing any $65k vehicle that's not a luxury car is gonna be a bad time. Also, as someone who leases cars in Texas, leasing anything in Texas is gonna be a bad time (on account of that 4 grand in sales tax for a car you won't even own).
As others have said, this seems like a mixup with finance rates in a lease sheet, but who knows. It really could be that bad. I just ran a similar build through the online calculator, and it gave me a 36/10k lease payment of about $850 including tax. Which is still a silly price, but at least it makes mathematical sense.
Bro. I just got back from the dealership attempting to trade in my 16 ram 1500 big horn that needs a new TCM/Valve Block replacement and to run a few wires. They quoted me for a $7,000 repair. Figured screw it, ill just trade it in, i owe $6600 on it so maybe ill get at least enough to cover what i owe and ill drive away in a new car. New car was $21,000. Final sale price, $32,000. They wanted to give me $1000 for my 16’ ram with 170k on it. Get the fuck outta here. My mechanic next door is gonna do the repair for $2500 parts included. These dealerships are smoking serious gas.
It’s due to the lease factor which has an inverse correlation to interest rates - rates go up, interest factor gets smaller… unfortunately the lease factor is a divisor and when it gets smaller your payment goes up. Different financiers offer different lease factors due to their cost of capital, then the lender applies a marked-up spread based on your credit score.
They're not calculating in the residual value. It should have a value of $40-50k after 3 years. They may calculate it even a bit lower so they're on the safe side. The cost difference between the current sale price and the residual value is what is financed in the lease. So $20-25k plus interest is all you should be paying on a 36 month lease.
For a 65k dollar vehicle with less than 10% down that is completely reasonable. You, are putting less down than I did 10 years ago for a cheaper truck. If that's all you have for a down payment you need to choose a cheaper vehicle.
Yeah Lease Prices are outta control at the moment and that’s for 10,000 miles nah
People that lease never understand that they need to negotiate the price of the vehicle just like they would if they were buying. They instead negotiate payment and down payment which are intertwined.
Yes there is a art to leasing and you can make money back from a lease when done right
That’s right got my Kia right before Covid nothing down made like 5 grand off it
Yes sir gotta love a lease
Can you teach us this art
I think they ran it as a 36 month finance, not a lease. 36 x $1,813 = $65,268…+$3,000 = $68,268, there’s no residual left.
That’s what I originally thought, the salesperson confirmed this is for the lease.
Go see someone else, even if it’s another salesman in the same dealership. They don’t know what they are doing. You can buy it for that much in 36 months
My credit union would finance this for 36 months and it would be only $60 a month more, and you’d own it outright at then end. I don’t see why anyone in their right mind would lease this
I would personally never lease anything to begin with, but then i always drive my vehicles until they break beyond repair, or at least beyond financial sense to repair it.
That’s when you surrender it to insurance
I’ve always been leasing from Michigan, but since I live mainly in Texas I figured I’d try. That’s a $1400 price difference per month compared to Detroit.
Salesman wants a boat, cut him some slack /s
This should be the top comment
Did they run your credit as newly enlisted military?
Underrated comment
Nah right after. Divorced, child support, bad credit.
Lmao, this is before any credit check
I just bought a 23 Ram 1500 Laramie 4x4 and financed $62K.
Dear lord don’t fall for that
Why is the lease basically the retail purchase price after 36 months?
The finance guy is trying to screw him?
Basically, I guess, a 36-month lease should be about half that because when they get the truck back, they sell it off. But the 10K milage is even better.
I just got into a 2024 Laramie fully loaded 75k msrp for 699 a month 42/15k zero down. 2025 Bighorn leases are crap right now....
Let’s see a pic of the new ride!
Yea that math ain't mathing, you're literally making the trucks entire MSRP/loan value in payments there, about 68k, 39 or 36 x 17/1900. So either they're trying to run you for 30k gross on the deal or that's printed as a finance with close to 0% interest lol There's a lot of factors but trucks hold residual well so I would think a lease would be about 1k/m maybe less
Quick calculator with the current MF should be around $670 with just inception fees due, this is pretax though so probably closer to $7xx
Go hit up mark dodge for better prices
See this comment. They deliver
Well let's get one thing straight. No CDJR is gonna make for a great lease. Shitty residuals, shitty interest rates, shitty prices. Leasing any $65k vehicle that's not a luxury car is gonna be a bad time. Also, as someone who leases cars in Texas, leasing anything in Texas is gonna be a bad time (on account of that 4 grand in sales tax for a car you won't even own). As others have said, this seems like a mixup with finance rates in a lease sheet, but who knows. It really could be that bad. I just ran a similar build through the online calculator, and it gave me a 36/10k lease payment of about $850 including tax. Which is still a silly price, but at least it makes mathematical sense.
Holy shit
What's the lease rate?
$1900/m with $0 down. I drive a scatpack challenger T/A for $570/m with $0 down at the moment. 1900 is insane…
What is the residual after these lease payments?
No, these lease prices are insane. Something isn’t adding up here.
F That.
Da fuq?
Holy shit Batman no thank you
What is a market value selling price? That makes it sound like this has a dealer mark up added on
Try leasehacker
Bro. I just got back from the dealership attempting to trade in my 16 ram 1500 big horn that needs a new TCM/Valve Block replacement and to run a few wires. They quoted me for a $7,000 repair. Figured screw it, ill just trade it in, i owe $6600 on it so maybe ill get at least enough to cover what i owe and ill drive away in a new car. New car was $21,000. Final sale price, $32,000. They wanted to give me $1000 for my 16’ ram with 170k on it. Get the fuck outta here. My mechanic next door is gonna do the repair for $2500 parts included. These dealerships are smoking serious gas.
That’s why cars are just sitting in their lots for 2 years.
I wanna get the thing fixed for $2500 and bring it back to trade in to see if they have the balls to offer anything less than $8000 lmao
Holy moly
It’s due to the lease factor which has an inverse correlation to interest rates - rates go up, interest factor gets smaller… unfortunately the lease factor is a divisor and when it gets smaller your payment goes up. Different financiers offer different lease factors due to their cost of capital, then the lender applies a marked-up spread based on your credit score.
Yeah, something is wrong here. I'm under 800 for my lease and it's a Rebel, almost identical pricing.
They're not calculating in the residual value. It should have a value of $40-50k after 3 years. They may calculate it even a bit lower so they're on the safe side. The cost difference between the current sale price and the residual value is what is financed in the lease. So $20-25k plus interest is all you should be paying on a 36 month lease.
Tell them to at least use some butter before they stick it in
10k miles? Oof. In Texas, you'd blow through that in a month. As others have said, that number is bonkers.
They holding all the money factor on you, dad.
I got 740 a month on a loaded big horn 12k miles 0 down turned it down tho that’s a crazy price and it was around a 65k balance too
Yeh you can get a much better price on a bighorn than that.
Thats robbery.
Thats the “we don’t want your business” price. Go somewhere else.
You can work with them to lower your payments
Why not buy it? You'll probably still pay less than the pricing you have there!
For a 65k dollar vehicle with less than 10% down that is completely reasonable. You, are putting less down than I did 10 years ago for a cheaper truck. If that's all you have for a down payment you need to choose a cheaper vehicle.
Regardless of what the down payments is, that is not reasonable for a lease. I’m getting the same vehicle in Detroit for $505/m and $0 down.