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Jeep Wrangler Lease Questions

143 messages,  Last post on Oct 27, 2008 at 3:45 AM

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

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


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#47 of 143
What should I expect to pay? by aamirsiddiqi
Jul 26, 2007 (1:44 pm)
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Hi there,
 
I am looking to get into a jeep wrangler...which one not sure kinda depends on cost.
 
The sahara 4dr i was looking at had an MSRP of 31245 and the x unlimited had an msrp of 25515. I am not sure how much wiggle room there is on the selling price I am guessing between 500-1000 dollars??
 
i don't really want to put anything down but will if needed, based on 36 or 39 mos and 12k miles, how much should I pay ofr these vehicles.
 
I see a lot of discussion around money factors and residuals, can someone lety me know what I should expect these values to be given I am in Denver CO and have good credit.
 
Thanks for your help!!!
#48 of 143
Re: What should I expect to pay? [aamirsiddiqi] by felbie1
Jul 28, 2007 (5:52 am)
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Replying to: aamirsiddiqi (Jul 26, 2007 1:44 pm)

In Florida the residual I got for a Wrangler X Unlimited was 63% for 39months(this is usually the best deal) and a money factor rate of .00337 , the other dealer ship I was using was trying to use .00395 so they can raise the money factor, I dont know if these values are the same for everywhere, but they should be, you should be able to get the car for invoice or below, thats what Im paying if I decide to take the car, but I have employee pricing but even without it, i think you can get it.
 
The lease for me for a X Unlimited with a similar MSRP was 375 tax in for 39 months/12k a year. The car has Power convenience package the preferred package with cruise control and all that stuff. supplemental front air bag and a soft top and like a few other things. Unfortunately its not easy to find one down here with the extra air bag so my options are limited.
#49 of 143
Re: What should I expect to pay? [felbie1] by megakarl99
Jul 29, 2007 (9:20 pm)
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Replying to: felbie1 (Jul 28, 2007 5:52 am)

Between 60-63% is a legit number for the residual from what I have found in the month or so of daily research I have been doing. Money factor starts at .00345, but that is for 740+ credit score. Assuming you have decent (over 690) credit, anything under .004 is acceptable for these leases (but still absolutely rediculous in the world of leasing) In a perfect world, yes you would get the vehicle at or around invoice, But it's just not the case right now with the 07 jeeps. Dealerships are still charging between 2500-8000 markups OVER MSRP and people are still coming in and spending it, so there is no reason to drop the price on them. The difference between MSRP and Invoice on most all of the wranglers is $2000 or less.
 
"Employee discounts" aren't worth a whole lot (I have one too through my work), because you still have to find a dealer that will agree to give it to you for your employee price. Dealers are not obligated to honor Daimler's Affilliate Rewards program.
 
*If* the residual were 70% as originally quoted in this thread, you could get a great lease on the wrangler. Not that 63% is bad, It's actually one of the highest of any vehicle on the market. But the .00345 money factor is one of if not the worst MF on any vehicle I have seen right now. It's not a bad lease, leasing vs Buying will still save you 100-150 a month on the new wrangler, but it's nothing spectacular.
 
I worked for 3 weeks with a dealership on a 2dr rubicon. MSRP 31500, Purchase price would have been 28300 (100 over invoice) With 490 tax title license, 700 lease aquisition fee, 39 month, 12000 mile, 63% residual .0037MF;
 
435/mo with 1435 due at signing (dp and first month's payment) And That was a MAJOR chunk of work to get those numbers (they were blanking during a major sale weekend and needed the units) Which, for the record, I still didn't take the offer.
 
Honestly, the new 08 wrangler is coming out in 2-3 months. They will be marking down the 07's significantly once the new models start rolling in. I would wait for that and see what you can scoop at year end model clearance. Waiting a few weeks paid off for me by way of the new lifetime powertrain warranty that went into effect on friday. I think I'll hold out and see what else Chrysler has up their sleeve before the year is up.
#50 of 143
Re: 2007 4 Dr Wrangler unlimited sahara lease? [alstu] by Car_man HOST
Jul 30, 2007 (1:18 am)
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Replying to: alstu (Jul 07, 2007 12:58 pm)

Hi alstu. This truck's lease payment will depend upon the selling price that you are able to negotiate on it. I would be happy to give you an idea of what sort of lease payment you can expect if you provide me with this number.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#51 of 143
Re: 2007 Wrangler Rubicon 2Dr [megakarl99] by Car_man HOST
Jul 30, 2007 (1:23 am)
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Replying to: megakarl99 (Jul 20, 2007 3:01 pm)

You are correct, megakarl99. Chrysler Financial's residual values are the same across the entire country. Vehicles' special lease money factors do sometimes vary by region, but DaimlerChrysler is not currently providing any lease support on the Wrangler. If you were to lease one through Chrysler Financial right now for 36 or 39 months, you would have to use its standard lease money factor of .00355. This should be the same in all areas. Chrysler Financial's July residual value for a 36 month lease of a 2007 Jeep Wrangler Rubicon 2-Dr with 15,000 miles per year is 63%. The residual value for an otherwise identical 39 month lease is 62%. If you were to lease with only 12,000 miles per year, this truck's residual values would be 2% higher.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#52 of 143
Re: 2007 Wrangler X Unlimited [felbie1] by Car_man HOST
Jul 30, 2007 (1:29 am)
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Replying to: felbie1 (Jul 23, 2007 8:13 am)

Hello felbie1. Chrysler Financial's current buy rate lease money factor and residual value for a 39 month lease of a 2007 Jeep Wrangler X 4-Dr 4WD (cool truck by the way, I love the 4-Dr Wranglers ) with 12,000 miles per year are .00355 and 66%, respectively. Using these numbers, an MSRP of $22,655, and a selling price of $21,328 I estimate that this truck's zero down, pre-tax monthly payment should be around $293. I don't know where the dealer that you are working with came up with a monthly payment of $411 per month. Even if with sales tax, that is way too high. Even if you were to roll Chrysler Financial's $700 acquisition fee into your payment, it would only increase to around $313. You may want to consider comparison shopping with a different dealer in your area.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#53 of 143
Help by fifa
Jul 30, 2007 (9:37 am)
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Hi Carman,
We are planing to lease a jeep 2d 4wd WranglerX 2c model. (we r in AZ. Dealer quoted adjusted price of vehicle at 20,498. We wanted a 24 month/12K lease - and they came up with a price of $400 after $2500 down. Residual value of 14,672.
Please help - i thought our payments would be about $275-$300 range. This completely blew me away.
Also, residual value is based on the pre tax value - right???
#54 of 143
Sahara Unlimited Lease by cdt1
Jul 30, 2007 (9:51 am)
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Car_man,
 
Can you tell me what the MF and residual % is for a 07 Sahara Unlimited 4dr, 4wd, AT for August through Chrylser Financial for a 36 mo lease? Thanks for your help!
 
Chris
#55 of 143
Re: Sahara Unlimited Lease [cdt1] by sathomps10
Aug 02, 2007 (6:58 am)
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Replying to: cdt1 (Jul 30, 2007 9:51 am)

Some of you are extremly ofcourse here, due in part to Car_man's posts and his ability to lead you on a wild goose chase.
 
based on your posts, you seem to think you are "Entitled" to pay a certain payment, based on whatever buy rate is, at the desired term, resideual, and mileage requirements. It is true that you can haggle over the price of the vehicle, as well as rate and reserve, but again, that is not the point.
 
the dealer itself has a very limited allocation, maybe 5 ... maybe 50 depending on size of the dealership and the market he is in. He has the "right" to sell that vehicle at whatever he chooses, which includes both selling price and MF markup. He has a responsibility to himself, and possibly his shareholders to get as much as possible for that "hot" seeling item, even if it is $8,000 above sticker. At no piont does he "have" to give you a thing. If you caluclate the payment to be 296, and he says he will sell it at 411, then you have a choice. buy it at 411 or move on. Plain and simple. He is forced to sell other vehciles at a loss, and therefore has the responsibility to sell these at a profit. If you do not like it, go away and find something else.
 
To further that, based on some of your posts, it seems that many of you feel Chrysler has an obligation to keep the '08 pricing the same, and if they don't, then they must be money hungry neo-cons. How wrong you can be. Price is always detemined by demand, and if demand is high, then Chrysler has a responsibility to its shareholders, and the market in general to control demand through price. Once demand decreaes, then price will decrease. I hope Chrysler increases the price on the '08 models 25 - 50% to bring it back in line with where it should be, which the market has dictated.
 
If that happens, let's see how many of you cry on how you should have paid full price in june, and saved 25% on a 2007 vs. a 2008. And ofcourse... it will be the dealers fault because they did not give you advance warning and were just another mmoney hungry neo-con right?
 
Again, wise up kids and... stop giving false hope Car-Man. Your supposed to be intelligent.
#56 of 143
Re: Sahara Unlimited Lease [sathomps10] by felbie1
Aug 02, 2007 (5:49 pm)
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Replying to: sathomps10 (Aug 02, 2007 6:58 am)

No, the dealer does not have to sell for a certain price, but were not obligated to buy it at a price that they ask. I live in south florida where this is a very popular vehicle and the dealers have plenty of them. If they wanna sell above sticker they can, but it IS wrong, if they try to manipulate your payments by using residuals for different mileage, if the dealer says hell sell you a car for sticker, with no dealer fee of 600 dollars, and you say you wanna pay 600 below sticker so hell do that and then charge you a 400 dollar dealer fee. Do you just go around to forums and bug people for not trying to get ripped off by dealers? when you have 8 dealers it is your right to get the best possible price, if the dealer really doesn't want to sell it at a price, then he wont, but I had a dealer who told me that my deal was only good for one day, then he called me every hour on the hour lowering his price, the next day also. They play hard ball, why cant we? I have a much lower payment for a 28k car than another dealer wanted me to pay for a 22k car with not one option. I guess maybe youre just a sore dealer who cant get 8k over sticker?
 
But honestly, who is going to be over 400 dollars a month for a 22k dollar car? the dealer tried to rip me off, I have employee pricing, they lied to me, they refused to show me the invoice, which by chryslers standards, im "entitled" to. and for that, that dealer did not get my business, the salesman didnt get his commission, and I got my car somewhere else.

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