I am not wanting this to turn into a lease vs buy flame war. If you are curious as to why I am considering leasing, then read the last paragraph of this post. My question is directed to those that have leased in the past couple years, in the process of negotiating a lease, or work at a Jeep dealer.
I have ordered a 2015 Wrangler Sahara Unlimited and negotiated my purchase price and trade-in value. When discussing financing, the sales manager tried really hard to talk me out of leasing and quoted a lease payment near the loan payment to prove his point.
We all know Wranglers have a high resale value and he said residual was at 63%, which is great. I am getting it basically at invoice, which is also good. Unfortunately, he quoted the money factor at around .0030, which is way higher than other manufacturers and comes out to around 7.20%. He claims that "Wranglers don't lease well".
Since I have heard that money factors are non-negotiable, I was hoping that someone on here that has leased a Wrangler or works at a dealer could back this up.
For those that question my decision: I am considering a lease because I drive low miles (work from home), like being under a warranty, and like getting a new car every 3 years. This will be my 3rd Wrangler and I have not had issues with negative equity on trade-ins, but it would be nice to not have to negotiate a trade-in and pay less per month if the end result is going to be the same for me.
I have ordered a 2015 Wrangler Sahara Unlimited and negotiated my purchase price and trade-in value. When discussing financing, the sales manager tried really hard to talk me out of leasing and quoted a lease payment near the loan payment to prove his point.
We all know Wranglers have a high resale value and he said residual was at 63%, which is great. I am getting it basically at invoice, which is also good. Unfortunately, he quoted the money factor at around .0030, which is way higher than other manufacturers and comes out to around 7.20%. He claims that "Wranglers don't lease well".
Since I have heard that money factors are non-negotiable, I was hoping that someone on here that has leased a Wrangler or works at a dealer could back this up.
For those that question my decision: I am considering a lease because I drive low miles (work from home), like being under a warranty, and like getting a new car every 3 years. This will be my 3rd Wrangler and I have not had issues with negative equity on trade-ins, but it would be nice to not have to negotiate a trade-in and pay less per month if the end result is going to be the same for me.