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Jeep Wrangler, Car Leasing, SUV
#108 of 208 Re: March/April Lease Program [hondamattnj]
Apr 22, 2008 (1:31 am)
Hi hondamattnj. Here's the information that you're looking for. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Jeep Wrangler X with 15,000 miles per year are .00265 and 67%, respectively. The numbers for an otherwise identical lease of an '08 Jeep Wrangler Unlimited X 4WD are .00265 and 66%. If you are a current owner or lessee of a Chrysler, Dodge, or Jeep vehicle, make sure to take advantage of the $750 owner loyalty cash that is currently available on this truck.
Prices Paid: Buying & Leasing Experiences Forum
Apr 23, 2008 (10:42 am)
2008 Jeep Wrangler X
Purchase Price $23250
Quoted by dealer:
LMF .00325 / 69% residual
Monthly payment in the $330 range
Here's what I don't get? On the Jeep website, using Chrysler Finanacial "estimates" plugging in the same numbers (term, miles, down pymt) w/ a sale price actually higher than the negotiated one, I get $270/mo.
Total hose job?
Is there any conceivable/legit reason there MF is higher than what I've seen listed?
#110 of 208 Current Lease Info Needed
Apr 23, 2008 (5:01 pm)
I am interested in leasing a 2008 Jeep Wrangler Unlimited 4x4, either Sahara or Rubicon. Can you please provide the current MF and residuals for 12k/yr and 27 months lease?
Also, what is Chrysler's current policies for existing Lessees who lease an additional vehicle from DCFS in regards to first payment, security, and turn-in fee (when not entering into another DCFS lease)?
Lastly, I get a Chrysler employee discount. What is the order of precedence that I should use in figuring the lease as I take into account rebates, employee discount, etc when figuring residual and applying MF?
#111 of 208 Re: Car_man [kingsmen99]
Apr 24, 2008 (9:40 am)
Just signed a lease 4dr Unlimited X 4WD
Window = $26,405
Purchase = $25,000
39 mo, 12,000 with the following factors
Residual = 67%
MF = .00286
Down Pay = $1141
Monthly Payment = $276.99
Got hosejob offers simular to yours at 3 other dealerships, then just gave the last one the numbers that had previously been posted by buyers (67% res, .00317 mf, $300 over invoice) and they came back with those numbers excactly and 200 over invoice (25,100). Told them I would pay right then if they knocked my payment down $30/mo, they did $28 and I'm rollin in a wrangler now. Ended up getting 100 under invoice and .00286. That was without any incentives or discounts. Made it easier as I emailed them the deal first before even going in to cut the high offer BS out of it. Other dealerships said the jeep site wasn't "accurate" and that it was underpriced. The one bought at said its pretty accurate and shouldn't sway much. Jeep website is .00317 mf & 67% res.
Something is up with your numbers b/c if you type them into a Lease Calc (leaseguide.com) your payments w/o tax with the numbers you gave should be $220/mo.
#112 of 208 Re: Car_man [tvacek36]
Apr 24, 2008 (2:49 pm)
That's a great deal when you think about it. A $26,000 car for $276 a month for 39 months. Regardless of the relationship to invoice. I think I'm going to have to pull the trigger on one pretty quick. Congrats and enjoy the car. What color did you get?
#113 of 208 Re: Car_man [hondamattnj]
Apr 25, 2008 (7:04 am)
Yeah, I couldn't turn that deal down. Its black...was looking for a white one but unless you can afford a Rubicon its pretty dam hard to find one. Ryan Scheckler (pro skateboarder) has a sick white one, white hard top(can't get from factory), all juiced up. More of a pretty ride than anything but its pretty sick. Couldn't find white (they used to sell Sahara's in white w/white hard top) but no more, so I had to go black w/black. What you looking into? Its hard to tell if the deals will get better or worse as Gas is going up the 2 hole, but summer is around the corner and the removable top will have the Wrangler getting a lot more looks. Definately a great buy though as there is nothing out there like it. Had a 92 Wrangler for 9 yrs and loved it, had a car for a bit over a year and couldn't take it anymore, had to go back to the roots and couldn't be happier. Good Luck with your dealing
#114 of 208 2008 4-door Rubicon (Is this as good as it gets?)
May 12, 2008 (3:59 pm)
After shopping around for the last week the best price I can get on a loaded 4-door rubicon is as follows.
Sell Price: 33,000
Residual: 63% (36 month 15K miles)
First + Tax (NY 7.75) + Fees = 1996.79
The only thing I don't get is that I was quoted different MF and residuals at different jeep dealers. Best MF quoted was .0018 but they would only come 1000 down on the MSRP. Best residual was 65%but again only come off MSRP 1500 so there payments were not quite as good. Are they just playing with the MF and residual but really discounting car more?
All quotes were on 15K/yr and 36mo.
Any thoughts or help appreciated esp if Car_man could chime in with May's numbers?!?!
#115 of 208 Re: 2008 4-door Rubicon (Is this as good as it gets?) [ggrg0515]
May 12, 2008 (5:01 pm)
Sounds like they may have been buying down the money factor with the extra profit they had from only discounting the car $1000-1500.
#116 of 208 Re: 2008 4-door Rubicon (Is this as good as it gets?) [hondamattnj]
May 13, 2008 (6:58 am)
That's what I was thinking but what about the overall deal anyone?
#117 of 208 Re: Current Lease Info Needed [woodhout]
May 14, 2008 (3:10 am)
Here's the information that you're looking for, woodhout. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease (I haven't seen the 27 month program) of a 2008 Jeep Wrangler Unlimited Rubicon 4WD with 15,000 miles per year are .00276 and 63%, respectively. The money factor for an otherwise identical lease of an '08 Wrangler Unlimited Sahara 4WD is the same, but its residual value is 65%.
Chrysler Financial no longer charges security deposits on leases, regardless of whether you are a returning lessee or not. I'm sure that it will waive its $425 disposition fee for a returning lessee, but I doubt that it will waive its $700 acquisition fee.
Vehicles' residual values are based upon a percentage of their full MSRPs, including the destination charge and any factory-installed options. The formula that is used to calculate lease payments is outlined in the following article: Calculate Your Own Lease Payment.
Prices Paid: Buying & Leasing Experiences Forum