- #428 of 515
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Re: 0.00083 Money factor in Orange County, CA [mikeintheoc]
by turbanski
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Jan 18, 2008 (10:22 am)
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Replying to: mikeintheoc (Jan 17, 2008 10:41 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 515
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Re: 0.00083 Money factor in Orange County, CA [turbanski]
by mikeintheoc
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Jan 18, 2008 (11:13 am)
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Replying to: turbanski (Jan 18, 2008 10:22 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 515
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Re: 0.00083 Money factor in Orange County, CA [mikeintheoc]
by nyliferocks
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Jan 18, 2008 (12:04 pm)
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Replying to: mikeintheoc (Jan 17, 2008 10:41 pm)
Hi, where is the site they are offering for this?
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- #431 of 515
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Re: 0.00083 Money factor in Orange County, CA [mikeintheoc]
by turbanski
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Jan 18, 2008 (12:55 pm)
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Replying to: mikeintheoc (Jan 18, 2008 11:13 am)
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 515
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Please Help, Good Deal?
by jf7227
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Jan 21, 2008 (12:50 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 515
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Re: Please Help, Good Deal? [jf7227]
by turbanski
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Jan 21, 2008 (7:17 pm)
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Replying to: jf7227 (Jan 21, 2008 12:50 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 515
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Re: Please Help, Good Deal? [turbanski]
by jf7227
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Jan 21, 2008 (7:26 pm)
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Replying to: turbanski (Jan 21, 2008 7:17 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 515
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Re: January numbers [prettyvacant]
by Car_man HOST
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Jan 28, 2008 (2:29 am)
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Replying to: prettyvacant (Jan 07, 2008 12:33 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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- #436 of 515
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Re: 2008 Grand Cherokee Lease Rates & Residuals [f1freak]
by Car_man HOST
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Jan 28, 2008 (2:33 am)
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Replying to: f1freak (Jan 09, 2008 10:48 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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- #437 of 515
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Re: Lease questions for Carman [jgriffs]
by Car_man HOST
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Jan 28, 2008 (2:52 am)
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Replying to: jgriffs (Jan 10, 2008 7:26 pm)
Hey jgriffs. You never mentioned the selling price of the Grand Cherokee that you are interested in leasing. This is an important number for you as a consumer to know for two reasons. First, the selling prices of leased vehicles can be negotiated, just as if you were paying cash for them. Without knowing the price of the car that you want to lease you don't know how good a price you are getting it for. The second reason is that one needs the selling price of the vehicle that they want to lease is that it is necessary to calculate its lease payment. I would be more than happy to work up a sample lease payment on the exact truck that you are interested in for you if you let me know what its selling price is.
For now I can work up an approximate payment for you. A 2008 Jeep Grand Cherokee Overland 2WD probably has a spread of around $3,600 between its MSRP and its dealer invoice price. Add to this the $3,500 lease cash that is currently available on this model and we get $7,100. Assuming that you were able to get this truck for $500 over invoice would result in an approximate selling price of $35,470. According to my calculations, if you were to lease a 2008 Jeep Grand Cherokee Overland 2WD that has an MSRP of $42,070 and a selling price of $35,470 through Chrysler Financial right now for 24 months with 12,000 miles per year, your zero down, pre-tax monthly payment should be around $594. As you can see, this is amazingly close to the payment that you were quoted. It looks like you are getting a pretty good deal to me, but again I don't know this truck's exact selling price.
Car_man
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