8.93% interest on a lease from Chrysler Financial?!
Just ran some numbers on a Sahara Unlimited 4x4 with one of the largest Jeep dealers in the Minneapolis area.
Options, including automatic, dual top, side air bags, anti-spin dif, 18" wheels, trailer tow, and 6 disc MP3/Sirius brought the MSRP to $31,390. There was no haggling--he said they're having no trouble selling them and that they're turning away other dealerships trying to buy their inventory virtually every day...
The residual for 3yr/15K miles per year was $21031 (67%--pretty good), but the money factor was 0.00372, which is 8.93%!
Does anyone know if CF is using a higher interest rate on Wranglers because they are so popular right now or is this just the going rate on any of their new leases right now (the salesman didn't know)? They hadn't run my credit yet so I'm assuming they were quoting the best rate.
Also, this salesman said a Friends and Family number would be applicable to a new Wrangler if I ordered one, and he quoted a substantial discount (almost $2600). I thought I had read on the forum that these types of discounts weren't available.
Anyway, looks like I'm waiting until at least summer or fall in the hopes that the market will cool off a bit. I'm not too optimistic.