- #48 of 102
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Re: Current lease buy rate [fletcher3]
by Car_man HOST
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Mar 12, 2007 (2:55 am)
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Replying to: fletcher3 (Feb 22, 2007 2:57 pm)
Hi Dave. The selling price that she was able to negotiate looks good to me. The truck's lease-end purchase option price is set by the bank that she leased it through, which is most likely Chrysler Financial. Individual dealers do not have the authority to alter vehicles' lease-end purchase prices. In fact, the higher your truck's end of term purchase option price is, the better it is for you as a lessee. That is because the higher a vehicle's purchase option price is, the less depreciation you have to pay for over the life of your lease and the lower your monthly payment will be. As long as the dealer used Chrysler Financial's current buy rate lease money factor to calculate her monthly payment, and they probably did because Jeep dealers seem to rarely mark up money factors, this looks like a good deal to me.
Car_man
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- #49 of 102
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Re: Liberty Lease Evaluation, Help Please [fletcher3]
by Car_man HOST
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Mar 12, 2007 (2:56 am)
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Replying to: fletcher3 (Feb 25, 2007 2:01 am)
Hey Dave. Chrysler Financial's current 39 month buy rate lease money factor and residual value for a 2007 Jeep Liberty Sport 4WD with 15,000 miles per year are .00136 and 42%, respectively. Vehicles' residual values are based upon a percentage of their full MSRPs, including the destination charge and the MSRPs of any options that can be residualized.
Car_man
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- #50 of 102
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Re: Liberty Lease Evaluation, Help Please [Car_man]
by fletcher3
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Mar 12, 2007 (1:10 pm)
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Replying to: Car_man (Mar 12, 2007 2:56 am)
So, in your opinion based on the numbers I provided I got a good deal correct?
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- #51 of 102
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Re: Liberty Lease Evaluation, Help Please [Car_man]
by 4jeeps
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Mar 15, 2007 (7:01 am)
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Replying to: Car_man (Mar 12, 2007 2:56 am)
Car man, Do you also have the current 39 lease money factor and residual value for an 07 Liberty Limited 4x4 with 12k miles? Thank you very much!
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- #52 of 102
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new and don't know anything about....
by mr_n
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Apr 07, 2007 (12:26 pm)
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Hey everyone,
I'm new in this forum and I don't know much about leasing. I'm really interested in leasing a Jeep Liberty. It could be up to 3 years old (2004 to 07). I would like your advice before I go to the dealership and make mistakes. I've been reading your postings and you suggest to don't give any down payment.Can you explain that please?
Please help me out here and give me advice about how to get a good deal. Also, can you pease explain what is the "lease money factor and residual value?"
Thanks for your help
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- #53 of 102
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Re: Liberty Lease Evaluation, Help Please [4jeeps]
by Car_man HOST
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Apr 16, 2007 (2:36 am)
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Replying to: 4jeeps (Mar 15, 2007 7:01 am)
Hello 4jeeps. Here is the information that you're looking for. Chrysler Financial's current buy rate lease money factor and residual value for a 39 month lease of a 2007 Jeep Grand Cherokee Limited 4WD with 12,000 miles per year are .00211 and 48%, respectively. When negotiating your lease on this truck, make sure to take the $3,500 lease cash and $1,000 bonus cash that are available on it right now into account. They will help you to negotiate an attractive capitalized cost for your lease.
Car_man
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- #54 of 102
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Re: new and don't know anything about.... [mr_n]
by Car_man HOST
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Apr 16, 2007 (2:38 am)
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Replying to: mr_n (Apr 07, 2007 12:26 pm)
Welcome mr_n. Since you are new to the world of leasing, you definitely should check out the following informative articles that are available here at Edmunds.com prior to visiting any dealers: 10 Steps to Leasing a New Car and Calculate Your Own Lease Payment.
I personally always advise consumers against making down payments on leased vehicles. Those who make them risk losing them if their vehicle is totaled in an accident or stolen and never recovered.
Check out the aforementioned articles and I would be happy to answer any specific questions that you have after reading them.
Car_man
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- #55 of 102
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Re: new and don't know anything about.... [Car_man]
by lindamarie3023
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Apr 17, 2007 (5:02 am)
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Replying to: Car_man (Apr 16, 2007 2:38 am)
Hi - my name is Linda and I just have a quick question. I have a car that has "negative equity" - quite alot as I bought it thru JD Byrider (I will NEVER do that again). Anyway, I was looking to trade it in, but my credit isn't strong at all (550) and I called a car dealer and she said that I owe too much and since my credit isn't that strong, it wouldn't work. She said that I could possibly lease a car and that the Jeep Liberty has a big rebate to absorb some of the costs. I know nothing about leasing..can anyone help me or offer any suggestions? Thank you so much
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- #56 of 102
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To Lease or Not to Lease
by lindamarie3023
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Apr 17, 2007 (12:35 pm)
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Hi - my name is Linda and I just have a quick question. I have a car that has "negative equity" - quite alot as I bought it thru JD Byrider (I will NEVER do that again). Anyway, I was looking to trade it in, but my credit isn't strong at all (550) and I called a car dealer and she said that I owe too much and since my credit isn't that strong, it wouldn't work. She said that I could possibly lease a car and that the Jeep Liberty has a big rebate to absorb some of the costs. I know nothing about leasing..can anyone help me or offer any suggestions? Thank you so much
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