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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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#55 of 102
Re: new and don't know anything about.... [Car_man] by lindamarie3023
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
#56 of 102
To Lease or Not to Lease by lindamarie3023
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
#57 of 102
Re: new and don't know anything about.... [lindamarie3023] by Car_man HOST
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
Extra Fees by vezeu
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?
    #59 of 102
    2007 Liberty Limited Residual Value by smo1345
    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)
    #60 of 102
    Re: Extra Fees [vezeu] by Car_man HOST
    Jun 19, 2007 (1:37 am)
    Reply

    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
    Re: 2007 Liberty Limited Residual Value [smo1345] by Car_man HOST
    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
    36 & 48 mos lease buy rate and money factor by drechelle
    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!
    #63 of 102
    Re: 36 & 48 mos lease buy rate and money factor [drechelle] by Car_man HOST
    Jul 30, 2007 (1:14 am)
    Reply

    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
    Host
    Prices Paid: Buying & Leasing Experiences Forum
    #64 of 102
    Jeep Liberty ads by clairenmason
    Sep 09, 2007 (8:18 pm)
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    I am new to leasing but feel like I have researched the process well. However, I don't understand why/how there are "lease specials" advertised presenting a Jeep Liberty, 2500 down, 24 mos, at 49/mo. Negotiating the down payment and adding to the monthly rate would still be way BELOW standard calculations. Is this all just a ploy to get one to call the dealer and/or be interested in a vehicle they would not otherwise consider? Please explain.
     
    Thanks

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