Deal Check: 2024 Jeep Wrangler 2-Door Sport

Ask the Hackrs
1

Got this lease quote from a dealer and I’m hoping an expert can tell me if it’s a good deal:

Stock # R242449
2024 Jeep Wrangler
Color: Granite Crystal Metallic Clearcoat, 12 Miles VIN:1C4PJXAG7RW366869
MF 0.0025
36 Months / 10,000
MSRP/Retail $39,155.00
Total Savings $1,580.00
Rebate $4,500.00
Your Price $33,075.00
REGISTRATION FEE $60.00
TITLE FEE $75.00
DOCUMENTATION FEE $597.00
Adjusted Cap Cost $35,325.39
Acq. Fee $1,055.00
Residual Value $25,059.20
$1,000 down / $432/mo

I plan on putting $5,000 down so I used the lease calculator, and came out with this but I’m not sure if I did it right:

Pre-tax Monthly Payment:
$112

Monthly Payment:
$119

➣ Breakdown
Depreciation: $-12
Rent Charge: $124
Monthly Taxes: $7

Due At Signing:
$6,482
➣ Breakdown
1st Month Payment: $119
Down Payment: $5,000
Upfront Fees: $732
Upfront Taxes: $631

Total Cost:
$11,054
➣ Breakdown
Depreciation: $-429
Rent Charge: $4,472
Taxes : $884
Non-Capitalized Cost: $6,127

Effective Monthly Cost:
$307

Leasehackr Score:
11.3 years

Please tell me if you need more information and any other advice thanks!

-Ben

2

You have 4% off only. You can do 9% off. Also try to post a link to calculator instead of copy pasting text.

1 Like
3

Not sure why you would do that.

And putting $5000 down doesn’t reduce your payment by $300 a month.

1 Like
4

I wanted a Jeep, too, until I realized I could get fully loaded alternatives for the same monthly.

$6000 DAS is a hard pill to swallow for a base trim Wrangler. That’s just my take, especially after finding this forum and learning you’ll never see that money again if the Jeep gets totaled.

1 Like
5

I’m trying to get to $300/mo payment without getting hosed on any part of the deal. Maybe it’s just not possible with this vehicle.

6

DON’T put any money DOWN. Just keep it in the HIGH YIELD SAVINGS and draw monthly for the payments to the Jeep account.

Like @max_g said you don’t get any benefit of doing so, but rather “if” Jeep is totaled you lose that $5K in an instant. Now, if you can swing a ONE PAY lease then you could save some $$$ by doing a one pay lease… compare both deals and see if it’s beneficial but DON’T PUT MONEY DOWN just do a DAS instead and make monthly payments