- #427 of 512
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0.00083 Money factor in Orange County, CA
by mikeintheoc
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Jan 17, 2008 (11:41 pm)
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Just checked a local dealership and they are offering a 08 JGC Limited with options of Hemi, uconnect, and Tow package IV for 32670 (internet price) includes 3500 cash and 500 bonus cash.
For a 36mo/15K lease they are offering a residual of 44% and MF of 0.00083. Is that right? Is there a listing of the residuals and money factors somewhere like other captive banks or does Chrysler only tell the dealerships?
I will still negotiate the cap cost, but it looks like a bum MF from other MF's I have seen on the forum.
Thanks!
Mike
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- #428 of 512
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Re: 0.00083 Money factor in Orange County, CA [mikeintheoc]
by turbanski
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Jan 18, 2008 (11:22 am)
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Replying to: mikeintheoc (Jan 17, 2008 11:41 pm)
My residual was 47% based on a 36 mo. 10.5K miles per year lease. I think the extra milage is hurting your residual value. My MF was .00062.
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- #429 of 512
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Re: 0.00083 Money factor in Orange County, CA [turbanski]
by mikeintheoc
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Jan 18, 2008 (12:13 pm)
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Replying to: turbanski (Jan 18, 2008 11:22 am)
Thanks turbanski.
He quoted me 46% for a 12K mile per year 36mo lease. So I see your point. I'd like to get down to your MF of .00062. I have great credit, so I don't see why I'm getting a bad MF. Did you negotiate the MF or was it just the time of year etc.?
Thanks, Mike
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- #430 of 512
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Re: 0.00083 Money factor in Orange County, CA [mikeintheoc]
by nyliferocks
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Jan 18, 2008 (1:04 pm)
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Replying to: mikeintheoc (Jan 17, 2008 11:41 pm)
Hi, where is the site they are offering for this?
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- #431 of 512
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Re: 0.00083 Money factor in Orange County, CA [mikeintheoc]
by turbanski
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Jan 18, 2008 (1:55 pm)
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Replying to: mikeintheoc (Jan 18, 2008 12:13 pm)
I don't think the MF is negotiable. It seems to be a reflection of the local market together with the credit rating of the applicant. I live in western New York State and our local economy and job market are not very good. I did negotiate a substantial discount from the MSRP in addition to $5,000 in rebates and a set of molded splash guards. It was also the Saturday before Christmas which may have helped due to end of month and year end quotas. Good Luck.
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- #432 of 512
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Please Help, Good Deal?
by jf7227
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Jan 21, 2008 (1:50 pm)
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Local Dealership in Northern NJ is offering a JGC 4X4 Overland for:
36month, 15K a year
$555.00 a month (taxes and fees included)
First month payment due at signing
MSRP- $43,440 plus $695 destination.
Is this a good deal?
Chrysler is also absorbing 5 lease payments, per pull-ahead program.
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- #433 of 512
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Re: Please Help, Good Deal? [jf7227]
by turbanski
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Jan 21, 2008 (8:17 pm)
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Replying to: jf7227 (Jan 21, 2008 1:50 pm)
If you are only making 1st payment at signing (no cash down) and someone is paying off 5 remaining lease payments (you don't say how much) $555/mo. sounds reasonable to me.
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- #434 of 512
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Re: Please Help, Good Deal? [turbanski]
by jf7227
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Jan 21, 2008 (8:26 pm)
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Replying to: turbanski (Jan 21, 2008 8:17 pm)
I have 5 remaining payments of $475.00 on a 2006 JGC limited. Dealer has nothing to do with this though, Chrysler Finance would be absorbing the cost.
The deal of $555.00 includes everything, (including 7% NJ sales tax).
First payment of $555.00 is due at signing.
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- #435 of 512
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Re: January numbers [prettyvacant]
by Car_man HOST
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Jan 28, 2008 (3:29 am)
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Replying to: prettyvacant (Jan 07, 2008 1:33 pm)
Hi prettyvacant. Chrysler Financial's current buy rate lease money factor and residual value for 36 month lease of a 2008 Jeep Grand Cherokee Laredo 2WD with 10,000 miles per year are .00014 and 43%, respectively for consumers who qualify for its top credit tier. When negotiating your deal on this truck, make sure to take advantage of the $3,500 lease cash that Chrysler is providing on it. This cash will help you to negotiate an attractive capitalized cost for your lease. Also, Chrysler is providing an additional $500 bonus cash on this truck in select areas.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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- #436 of 512
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Re: 2008 Grand Cherokee Lease Rates & Residuals [f1freak]
by Car_man HOST
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Jan 28, 2008 (3:33 am)
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Replying to: f1freak (Jan 09, 2008 11:48 am)
Here's the information that you're looking for, f1freak. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Jeep Grand Cherokee Limited 4WD with 10,500 miles per year are an incredibly low .00001 and 46%, respectively. The numbers for an otherwise identical lease of a 2008 Jeep Grand Cherokee Overland 4WD are .00017 and 46%. When negotiating your lease on this truck, make sure to take advantage of the $3,500 lease cash that Chrysler is currently providing on it. It will help you to negotiate an attractive capitalized cost for your lease. Chrysler is providing an additional $500 bonus cash on this truck in select areas, but I haven't seen any mention of the MyGig promotion.
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
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