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Jeep Liberty Lease Questions

102 messages,  Last post on Aug 27, 2008 at 3:20 AM

You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx

What is this discussion about? Jeep Liberty, Car Leasing, SUV


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#33 of 102
Re: 2006 Liberty 65th Anniversary [bardototal] by phillybilly
Nov 25, 2006 (4:35 pm)
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Replying to: bardototal (Nov 14, 2006 9:27 am)

Just wondering if anyone got back to you about your inquiry about the lease amount. My son and I are trying to negotiate almost the exact same deal and our numbers for the monthly cost are much higher than what you have. We are in the suburban phila. area. Where are you? Can someone please respond to barbototal's numbers. We go back on Monday and I want to be well versed with knowledge. Thanks.
#34 of 102
Re: 2006 Liberty 65th Anniversary [bardototal] by Car_man HOST
Dec 10, 2006 (4:58 am)
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Replying to: bardototal (Nov 14, 2006 9:27 am)

Hi bardototal. In addition to all of the cash incentives that are available on this truck, it was recently switched to $5,000 dealer cash for the month of December, you should be able to negotiate a dealer discount on it as well. Always remember that the selling prices of leased vehicles are negotiable, just as if you were paying cash for or financing them. Good luck in your negotiations and let me know if you have any other questions.
 
Car_man
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Prices Paid Forum
#35 of 102
Current lease buy rate by jakpenn
Dec 12, 2006 (5:52 am)
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Car man
can you tell me what the cuurent lease buy rate is on a 2006 Jeep liberty? I think I have the other components figured out, but the buy rate they are quoting me seems high for tier one credit...thanks!
#36 of 102
Re: Current lease buy rate [jakpenn] by Car_man HOST
Jan 16, 2007 (8:53 am)
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Replying to: jakpenn (Dec 12, 2006 5:52 am)

Hi jakpenn. Unfortunately, DaimlerChrysler is no longer providing lease support on 2006 models. You can still lease one through Chrysler Financial, but you will have to use its standard lease money factor. Its money factors vary depending upon how long you lease for. For now I will assume that you are interested in a 36 month lease. Let me know if you want something different. Chrysler Financial's current 36 month standard buy rate lease money factor is .00332 for consumers who qualify for its top credit tier. When negotiating your lease on the 2006 Jeep Liberty that you are interested in, make sure to take the $5,000 dealer cash that is currently available on it into account. this incentive will help you negotiate an attractive capitalized cost for your lease.
 
Car_man
Host
Prices Paid Forum
#37 of 102
Re: Current lease buy rate [Car_man] by fletcher3
Feb 22, 2007 (2:57 pm)
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Replying to: Car_man (Jan 16, 2007 8:53 am)

Hi my fiance just signed a lease for a 2007 jeep liberty sport 4x4 and I was hoping to get some feedback. She put 1279 down which included the first month's payment and her monthy payments are 279 a month for 15k miles per year. The buyout at the end of the 39 month lease was 10688. I don't have the contract in front of me so I don't know what the money factor was but I know she recieved 4.5k in rebates( 1k lease loyalty, 3k liberty promotion, 500 dealer Pres special=4.5k) Additionaly the MSRP was apx 25,500 and the agreed apon value was apx. 23,600. She is charged .15 cents a mile if she goes over.
 
First was this a good deal in todays market?
 
Second is the buyout at the end a fair price?
 
Thanks for your responses,
 
Dave
#38 of 102
Re: Current lease buy rate [fletcher3] by fletcher3
Feb 22, 2007 (8:26 pm)
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Replying to: fletcher3 (Feb 22, 2007 2:57 pm)

Here are some more specific numbers from the contract:
 
38 monthly payments of 279.00
total monthly payments of 10881
Other Charges: 425 (vehicle turn in fee if I don't purchase)
16806 total payments
 
5492.51 due at lease signing
4500.00 total rebates and non-cash credits
1279.01 cash due at signing
 
Gross Capitalized cost:
23156.92 (agreed upon cost of vehicle)
25401.89 (any items payed over lease term)
 
adjusted capitalized cost 19909.38
residual value 10649.10
 
depriciation and amortized amounts: 9260.28
rent charge 1620.72
total of base monthly payments: 10881.00
 
lease payments: 39 (one paid in down payment)
 
total monthly payment= 279
 
Excessive wear and use: .15 per mile over 48750
 
Estimated official fees and taxes: 2158.77
 
NJ DISCLOSURE:
           MSRP= 25355.00
 Total cost of lease if you do not defualt and exercise the puchase offer at the end of the lease term 27455.11
 
Well sorry If I put in a lot of data you didn't neeed but I have never leased a vehicle before and I was curious to if we got a good deal and if not I want to know what to look for if I choose to lease in the future.
 
Thank you all for your time and consideration.
#40 of 102
Re: Current lease buy rate [fletcher3] by fletcher3
Feb 23, 2007 (1:30 am)
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Replying to: fletcher3 (Feb 22, 2007 8:26 pm)

I just notice a mistake I made in the above the figures:
 
5492.51 due at lease signing
    should be
5779.01 total due at lease signing
  (5492.51 +279 1st month + 7.50 misc.)
 
Here is a mistake I believe the dealership made on the contract:
 
I noticed that if I added up
box 1 5779.01 due at lease signing
box 2 10881.00 monthly payments over life of lease
box 3 turn in fee not applicable unless turned in
 
box 4 total payments is 16806.01
   but shouldn't it be 16660 by adding box 1 & 2????
 
does the 146 dollar discrepency mean anything?
 
I pulled the paperwork from her old lease and box 1 & 2 added up to equal box 4.
 
Anyways just wanted to know if it was a clerical mistake or if I am missing something.
 
Thanks Again,
Dave
#41 of 102
Liberty Lease Evaluation, Help Please by fletcher3
Feb 23, 2007 (7:41 pm)
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Hi, I am new to the forum and I mistakenly started my own thread under jakpenn's thread about lease to buy ratio. If anyone could please give me some info on the lease I talked about above I would greatly appriciate it.
 
(if a moderator could move my questions into this thread it would be great too!!)
 
Thanks,
Dave
#42 of 102
Re: Liberty Lease Evaluation, Help Please [fletcher3] by fletcher3
Feb 25, 2007 (2:01 am)
Reply

Replying to: fletcher3 (Feb 23, 2007 7:41 pm)

Alright, I could have m ade a mistake but given the formula I found on the web I think I calculated the money factor on the deal above to be .001359 (if I take that and multiply it by 2400 I get equivelant 3.2% interest rate) Right now they are giving out a 3.9 60 month interest rate on the Liberty so. . . it I think I did alright???
 
Anyways, if anyone can check my math and my numbers please let me know how we did on this lease.
 
It appears that my residual is low but I still don't know how to factor it. Do you go off the agreed purchase price, the MSRP or do you take the Gross Cap Cost minus the incentives you didn't pay for?
 
Thanks Again,
Dave

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