Am I crazy or has the money factor on these changed dramatically? We leased one last month and the money factor was something like. .00012 (.28%).
A friend of mine asked me to find him a similar deal, and it looks like this month it’s .00498 (11.95%).
That’s quite a jump.
What’s it say in Ratefinder?
With a CDJR product, although unlikely if it is the same dealer, they could have switched to one of the 3 other lessors known to originate those leases.
Thiw is what happens when your friend approaches dealers without putting together a well-researched target deal. If they had, they would know that the sfs money factor for a base trim 24 4xe is .00017 currently for sfs for 36 mo, and made an offer based on that number.
As a super supporter, you can use ratefindr to look that info up for both sfs and ccap to cross reference that data.
That is what is says in ratefinder. This information didn’t come from a dealer. I checked both CCAP and SFS. CCAP was even higher at 14%.
You selected the standard rate option, not the incentivized rated.
That’s not what happened at all, and neither my friend nor I have approached any dealers or asked for/submitted any offers. This was from ratefinder. We also weren’t looking at the base trim, but the overland trim.
However, if you look at the base trim, CCAP and SFS have between 12% and 14% interest rates. All trims are showing that rate. You are welcome to check them yourself.
I did look, and it’s showing different numbers for me.
they would know that the sfs money factor for a base trim 24 4xe is .00017
That’s why I posted the screenshot. That isn’t what it’s showing for me. 24 month base for any lender is showing the higher interest rate. Only when I change it to 36 month does it go to the much lower money factor. I’m trying to figure out why we are getting different numbers.
Most likely Stellantis is incentivizing 36 month leases through an subvented mf program and not 24 month leases. At least when I look at Rate Finder that’s what I am seeing.
While not necessarily common, it does happen where the gap is that large. Most likely has to do with the fact that Stellantis is already frustrated they are still supporting 2024 vehicles, so if they are, they would rather not see them come back for 36 months.
Is your friend opposed to 36 months?
You have to pick the best term for the current programs. If you want short, 27 months is way better than 24 months currently
Plus you can always extend the lease for another six months, taking the total to 33 months. Trust me, you will want out of that vehicle before 36 months are up.
Not at all. I think the issue is that we are both seeing different numbers on the 24 month program. It shows .00498 for me on the same vehicle and term, which is concerning, since I don’t know if it’s a bug in Ratefindr. Could it be different based on zip code?
You’re just looking at the 24 month programs.
You need to pick the best term for the current programs, which isnt 24 months currently.
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