2019 Jeep Grand Cherokee Limited 36/12 $50,230 60025.
Hi looking to confirm residuals for Ally for the above vehicle.
36/12
.00335 and 56% or 61%??
Thanks
I haven’t seen a MF that high in at least the last decade (or two).
You could choke a horse on those rates
Ally rates are always high - it’s been their MO for years.
However, they usually have the highest residual - combine that w/ the IDL cash FCA allows and you’re usually within a dollar or two or CCAP.
They’re also buy deep and don’t have a dispo fee for turn in. You can usually waive acq fee w/ them too.
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US Bank is 99% of the time the best lender because they take stupid thin deals.
However, they enforce MRM on everything and refuse to buy anyone on shaky ground.
$50,230
$45,502
.00335
0 ACQ Fee
$9,000 Rebates
180
56%
145
8.25
$531 0 Down.
Ally residual is 56%. Their standard mileage is 15k for which the residual is 54%. So, add 2% to get 56% for 12k. The tiered lease rate will depend upon your credit and Ally’s underwriting criteria.
how did you get 9k in rebates? is this still available for March?
Ally doesn’t use a money factor. They use a lease rate (%) similar to an APR.