- #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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- #57 of 102
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Re: new and don't know anything about.... [lindamarie3023]
by Car_man HOST
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May 14, 2007 (2:27 am)
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Replying to: lindamarie3023 (Apr 17, 2007 5:02 am)
Greetings lindamarie3023. Your least expensive option would be to continue driving your current vehicle until you are less upside down on it. Not only will you save money by doing so, but you also will give yourself time to repair your damaged credit.
If you absolutely have to get a new car now, you need to learn exactly how leasing works prior to negotiating with dealers to keep from being taken advantage of. 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.
Check out these articles and let me know if you have any specific questions.
Car_man
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- #58 of 102
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Extra Fees
by vezeu
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May 29, 2007 (2:29 pm)
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I am negotiating a lease for the Jeep Liberty and the dealer told me that besides the monthly fee that I calculated using the Edmunds.com method, I need to pay:
"bank fee" about $700"motor vehicle" fees (registration?) about $340"dealership costs" about $270
Is this normal?
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- #59 of 102
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2007 Liberty Limited Residual Value
by smo1345
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Jun 06, 2007 (8:03 am)
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Does any one know what the residual on a 27 month lease (2k per year currently is for a Jeep Liberty Limited (MSRP 30k)
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- #60 of 102
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Re: Extra Fees [vezeu]
by Car_man HOST
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Jun 19, 2007 (1:37 am)
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Replying to: vezeu (May 29, 2007 2:29 pm)
Hi vezeu. Chrysler Financial Charges a $700 acquisition fee on every vehicle that it leases. Individual dealers do not have the authority to waive this charge. A motor vehicle / registration fee is a normal charge as well. The "dealership costs" charge is a different matter. I personally like to look at vehicles' out-the-door prices when negotiating deals. The out-the-door price is the price that the dealer is charging for the truck that you want, including all fees like the $270 doc fee. If the total price that you are quoted for the truck that you want is less at this dealer than it would be elsewhere it doesn't matter how the price breaks down. However, if you feel as though you may be able to beat the total price it may be in your best interest to comparison shop a little bit.
Car_man
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- #61 of 102
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Re: 2007 Liberty Limited Residual Value [smo1345]
by Car_man HOST
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Jun 19, 2007 (1:39 am)
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Replying to: smo1345 (Jun 06, 2007 8:03 am)
Hi smo1345. Chrysler Financial's current 30 month (I haven't seen the 27 month number), 15,000 mile per year buy rate lease money factor and residual value for the 2007 Jeep Liberty Limited 4WD are .00306 and 43%, respectively.
Car_man
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- #62 of 102
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36 & 48 mos lease buy rate and money factor
by drechelle
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Jun 28, 2007 (3:44 pm)
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Hi Car_man,
Can you tell me what Chrysler Financial's current 36 & 48 month, 12k mile/year, buy rate lease money factor and residual value is for the 2007 Liberty Limited 2WD is?
Thanks! 
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- #63 of 102
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Re: 36 & 48 mos lease buy rate and money factor [drechelle]
by Car_man HOST
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Jul 30, 2007 (1:14 am)
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Replying to: drechelle (Jun 28, 2007 3:44 pm)
Hi drechelle. Chrysler Financial's buy rate lease money factor and residual value for a 36 month lease of a 2007 Jeep Liberty Limited 2WD with 12,000 miles per year are .00302 and 40%, respectively. The numbers for an otherwise identical 48 month lease are .00382 and 35%. As you can see this truck's lease program is not very attractive right now. If I was in the market for one, I personally would finance it using the special offer of 0% for 5 years plus $1,000 bonus cash instead of leasing it.
Car_man
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