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Jeep Liberty Prices Paid and Buying Experience

135 messages,  Last post on Mar 29, 2012 at 5:58 AM

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What is this discussion about? Jeep Liberty, SUV

Messages Page 13 of 14

#116 of 135 2008 Jeep Liberty Limited 4WD lease by smunsie3

Jun 30, 2008 (12:51 pm)

I am looking to email dealers in early August to hopefully pick up a 2008 Jeep Liberty Limited 4WD in early-mid Sept. Is it too early now to tell what a residual will be on this vehicle in another month? Or does it stay constant for a while. Also, same thing with the money factor? I am just looking to get an idea if I can keep my payments around $350/mo on a 12k mi per year limited with standard sunroof (not sky slider), and option package 1?? I'd like to go into the dealers knowing my numbers and hoping for the best, Thanks

#117 of 135 Re: 2008 Jeep Liberty Limited 4WD lease [smunsie3] by gtangjr

Jun 30, 2008 (11:56 pm)

Replying to: smunsie3 (Jun 30, 2008 12:51 pm)
Because sales data is relatively low, residuals are harder to come by. Most dealers here in Los Angeles consult the NADA residual guidebook for this information. If it's a new model, they often base it on prior model history and adjust as the years go by and more data is collected.
 
I would think that you have a reasonable chance of getting this payment, but it also depends on your cap reduction, etc. BTW, money factor is just a fancy derivative of a lease's APR, it's not affected by residuals, but by market forces and your credit.

#118 of 135 Re: 2008 Jeep Liberty Limited 4WD lease [smunsie3] by jfritsch

Jul 01, 2008 (6:28 am)

Replying to: smunsie3 (Jun 30, 2008 12:51 pm)
You don't know the numbers they do. Email 10-20 jeep dealers (jeep website) for their best monthly payment on a jeep of your description with a 12000 mile lease for 36 months with no or very little money down.. Let them know your are contacting 20 dealers and your fico score. Do this last week of the month and work the top 3 against one another. Have them break it down (I would prefer) or not. The monthly payment (no money down) is what counts for 36mo. See what happens or who breaks the last 3 days.
 
You don't know the deals they can work or the true lowest money factors involved with currency exchange rates so the lowest is the lowest you can work over the phone within 200 mi. Keep your 350/mo mental target to yourself for awhile. A 31000 jeep limited should sell for about 23000 or less. I've seen some advertised deals well under $300 on leases on cars in this range.
 
--jjf
 
 am looking to email dealers in early August to hopefully pick up a 2008 Jeep Liberty Limited 4WD in early-mid Sept. Is it too early now to tell what a residual will be on this vehicle in another month? Or does it stay constant for a while. Also, same thing with the money factor? I am just looking to get an idea if I can keep my payments around $350/mo on a 12k mi per year limited with standard sunroof (not sky slider), and option package 1?? I'd like to go into the dealers knowing my numbers and hoping for the best, Thanks

#119 of 135 Re: 2008 Jeep Liberty Limited 4WD lease [jfritsch] by smunsie3

Jul 01, 2008 (7:16 am)

Replying to: jfritsch (Jul 01, 2008 6:28 am)
Great – thanks for your answers. If my lease on my ’06 Pontiac G6 coupe is up Sept 14 … when do you suggest I contact dealers? I will be considering 2 SUV’s … the obvious 2008 Jeep Liberty Limited and the 2008 Toyota Highlander (base model) so I want to be sure to leave enough time to shoot out emails, meet with the top 3 from each Jeep and Toyota and get the SUV by Sept 14 latest.

#120 of 135 Re: 2008 Jeep Liberty Limited 4WD lease [gtangjr] by smunsie3

Jul 01, 2008 (7:18 am)

Replying to: gtangjr (Jun 30, 2008 11:56 pm)
Thanks for your input. I figured the residual may be skewed for the new model so I’ll just try and work the best purchase price obviously and see where I can get the best deal

#121 of 135 Re: 2008 Jeep Liberty Limited 4WD lease [jfritsch] by gtangjr

Jul 01, 2008 (10:12 am)

Replying to: jfritsch (Jul 01, 2008 6:28 am)
Because I used to broker cars I've been pretty lucky about not having to go through all this work. It takes a lot of effort to email that many dealers, especially if you include the deluge of repeated follow-up you will receive.
 
If you can, find out if your credit union has a purchasing service. Often you can save a lot of headaches. If you don't belong to a CU, a good resource is www.advocar.com, which works just the same way, or even carsdirect.com. I worked for both companies (they are national) and can tell you from the back end that it isn't even remotely close to their goal to screw you, especially Advocar (which is also known as Autoland).
 
Good luck!

#122 of 135 Re: 2008 Jeep Liberty Limited 4WD lease [smunsie3] by jfritsch

Jul 01, 2008 (11:43 am)

Replying to: smunsie3 (Jul 01, 2008 7:16 am)
Thats silly. Test drive the cars now, decide what you want and work the top 3 guys (survivors) over the phone/email while watching TV from your couch. By no means run between 3 dealers in the september heat. That went out of style when Grahm Bell invented the telephone in the 1870's much less the internet. Usually if somethings going to break it will be the last 3 days of the month, So email out the last 7 days of July.
 
If you look up a Jeep limited 07 like the one you want used on kbb.com you will probably find a msrp 31000 model probably barely has a trade-in for 17000. This will be what your new 08 will be worth in 12 months. This is probably a optimistic number as the market is miserable for these SUV's. I wouldn't buy one for less than 10000 off msrp so we're looking for a killer lease here.
 
Good luck
--jjf
 
Great – thanks for your answers. If my lease on my ’06 Pontiac G6 coupe is up Sept 14 … when do you suggest I contact dealers? I will be considering 2 SUV’s … the obvious 2008 Jeep Liberty Limited and the 2008 Toyota Highlander (base model) so I want to be sure to leave enough time to shoot out emails, meet with the top 3 from each Jeep and Toyota and get the SUV by Sept 14 latest

#123 of 135 Re: 2008 Jeep Liberty Limited 4WD lease [jfritsch] by kyfdx@Edmunds HOST

Jul 01, 2008 (2:32 pm)

Replying to: jfritsch (Jul 01, 2008 11:43 am)
Test drive the cars now, decide what you want and work the top 3 guys (survivors) over the phone/email while watching TV from your couch.
 
Is there any certain program I should be watching?

#124 of 135 Re: 2008 Jeep Liberty Limited 4WD lease [smunsie3] by oldmac1

Jul 01, 2008 (7:19 pm)

Replying to: smunsie3 (Jul 01, 2008 7:18 am)
Certainly do not want to influence your decision about your 08 Liberty purchase but a little info may help you here. The regular sunroof's will leak water during a high pressure car wash and Jeep has informed me that it was not designed to go through Hi pressure car washes. Secondly the torque converter cause the car to feel like its stumbling going up a slight hill at 30 mph. Once again, it is a design issue. I have had 7 Jeeps and this is the first for both of these events. My 02 Liberty was flawless and just required brakes. I like the 08's and they are great vehicles with only these two exceptions and you may luck out and not be bothered by these two things. I would not let them stop me from buying another Liberty but I wish I would have known this so I could have bought one without a sunroof.

#125 of 135 2008 4x4 Liberty Sport by norm26

Aug 05, 2008 (12:25 pm)

I negotiated for $20,275 for a new 2008 4x4 Sport model. How does this deal sound? I'm also looking at Frontiers and Xterra's but I'm having trouble finding a 4x4 model. Nissan doesn't seem to make many four wheel drive vehicles in the south.

Messages Page 13 of 14

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