Lease Rates on RHO

teh1nonly

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Curious what numbers you have been seeing for leasing. I have a dealer that gave me some numbers and even with 11k discount they are wild.

Thanks
 
Its the ridiculous depreciation these vehicles have in the 1 to 2 year timeframe. Not as painful as higher end BMW or Audi's, but close. Then again I have a 23 Durango that lost about $40k in 1 1/2 years.
 
91.5k MSRP. 83k purchase price on the lease with all fees included.

They are quoting around $1400/month W/1k down. 39 Months 15k miles.

I am waiting to see more information so I can try to make sense of how they are coming up with these numbers.
 
91.5k MSRP. 83k purchase price on the lease with all fees included.

They are quoting around $1400/month W/1k down. 39 Months 15k miles.

I am waiting to see more information so I can try to make sense of how they are coming up with these numbers.
I haven't had the chance to look up the RHO but I do know the TRX had residual values around 47-49% in 2023 at 39 months. It was horrible but you generally had a TON of positive equity if you wanted to trade it in. Base money factor so you will be in the 6-6.5% range. Just to give you some sort of idea.
 
91.5k MSRP. 83k purchase price on the lease with all fees included.

They are quoting around $1400/month W/1k down. 39 Months 15k miles.

I am waiting to see more information so I can try to make sense of how they are coming up with these numbers.
is this for a unit on the ground or an order?
 
I ordered it. Its now at the dealer waiting for me to make up my mind :D
 
My lease is 36 months, 87K MSRP, 15K miles/year, sign and drive. $1200/month.
 
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My lease is 36 months, 86K MSRP, 15K miles/year, sign and drive. $1200/month.
What was the cost at signing? Do you know the residual value at the end of the lease?
 
Sign and drive, no money. Residual is 44K.
 
Sign and drive, no money. Residual is 44K.
at that math it would mean you didn’t pay tax? 36 times 1200 is 43ish and then 44 at the end would put you around 87k? or is that not how this residual value stuff works? never leased always bought before so not too sure haha
 
Your math is correct if I was going to buy it at the end of the lease. That's usually a really expensive way to purchase a car and in most cases you're better off buying it from the beginning. Especially as the used car market declines the cost of ownership goes up. I'll use my last V6 Raptor that I owned as an example. I paid 88K plus tax, 93,280. I sold it after 2ish years for 71K. So on a monthly basis that truck cost me about 1K/month to own. The way I look at it you're just managing an expense which is all any car is.
 
Your math is correct if I was going to buy it at the end of the lease. That's usually a really expensive way to purchase a car and in most cases you're better off buying it from the beginning. Especially as the used car market declines the cost of ownership goes up. I'll use my last V6 Raptor that I owned as an example. I paid 88K plus tax, 93,280. I sold it after 2ish years for 71K. So on a monthly basis that truck cost me about 1K/month to own. The way I look at it you're just managing an expense which is all any car is.
Agree. Leasing usually makes sense when they have deals on a low money factor. The current money factor is higher than most 72 month buy rates. Leasing an RHO today is a hard sell given the standard money factor. But some people like the comfort of having the residual protected however, with a 72 month buy using Navy Fed (5%), your payment would be $1320 at $83k purchase price and $1k down (used the lease of the OP). In 39 months (lease end) the amount owed on a 72 month loan would be $40,637 which is less than the residual at lease end. With that said, you also saved roughly $100 month in the monthly payment or $3,900 over the 39 months by buying instead of leasing.

Always do the math. Don't fault anyone for leasing but with a high/standard MF, it doesn't make much sense with the RHO. The only reason to lease is if you think the bottom is going to fall out of the price for the RHO and it will be worth a lot less than the residual.

Edit: realized it was a 39 month lease so adjusted the numbers.
 
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I haven't had the chance to look up the RHO but I do know the TRX had residual values around 47-49% in 2023 at 39 months. It was horrible but you generally had a TON of positive equity if you wanted to trade it in. Base money factor so you will be in the 6-6.5% range. Just to give you some sort of idea.
I don't think there is much equity with a 48% residual. That is probably on point or even less. My current 23 Durango Hellcat was $108 MSRP and 1.5 years later it has a current street price around $65. That's 40% in under 2 years time. For 3 years it seems realistic to be near 48% or more. These special vehicles just don't hold their value. I'm sure things may change in 8, 10 or 20 years but not today especially with rumors of v8 returning. My 18 Trackhawk was similar. Imagine paying $50k above MSRP (what koons was asking at the time I purchased DDHC).
 
Your math is correct if I was going to buy it at the end of the lease. That's usually a really expensive way to purchase a car and in most cases you're better off buying it from the beginning. Especially as the used car market declines the cost of ownership goes up. I'll use my last V6 Raptor that I owned as an example. I paid 88K plus tax, 93,280. I sold it after 2ish years for 71K. So on a monthly basis that truck cost me about 1K/month to own. The way I look at it you're just managing an expense which is all any car is.
wait, i’ve been thinking about this and i was thinking the payments add up to MSRP, but does that mean you bought it for msrp? or did you get it under MSRP?
 
On any lease if you add up the payments then add the residual value you're always going to get a sum thats higher than the selling price of the car. As you would if you added up the car payments on a loan. A car lease does have interest and sales tax in the payment (at least in Michigan). That's why in my earlier post I said if your plan is to buy it's cheaper to purchase it from the start vs lease then buy. My lease is based on a selling price of 79K if I remember correctly. For comparison I found an RHO at a dealer that wouldn't discount at all and the lease was about $1600. The APR on my lease is 3.75% so each month there's about $200 dollars of interest in my payment. I know some people will think thats a lot. But if you bought it and financed at today's rates your finance charges would be similar. Or if you paid cash you'd lose out on the opportunity cost of doing something else with that money. Leasing saves me over 1/2 of the sales tax vs buying as well. My point is no matter what you do buying an 87K depreciating asset is gonna be a losing proposition. For me I prefer leasing at reasonable rates because I usually get a new car every 2-3 years.
 
Anyone here gotten lease terms/rates from Mark Dodge specifically?
 
Its the ridiculous depreciation these vehicles have in the 1 to 2 year timeframe. Not as painful as higher end BMW or Audi's, but close. Then again I have a 23 Durango that lost about $40k in 1 1/2 years.
Obviously, this is not a Durango and I wouldn't expect the depreciation to be similar. For example, your typical Ford vehicle depreciates much more rapid than the raptor, hopefully this is similar. Same if you look at Bmw's vs their M cars.
 
If you're currently able to get $10k plus off MSRP, I can't imagine a lease being a good value proposition.
 
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