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Prices Paid: Buying & Leasing Experiences 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
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Replying to: felbie1 (Jul 28, 2007 5:52 am) "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. |
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Replying to: alstu (Jul 07, 2007 12:58 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: megakarl99 (Jul 20, 2007 3:01 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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Replying to: felbie1 (Jul 23, 2007 8:13 am)  ) 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 Host Prices Paid: Buying & Leasing Experiences Forum |
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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???
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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
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Replying to: cdt1 (Jul 30, 2007 9:51 am) 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.
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Replying to: sathomps10 (Aug 02, 2007 6:58 am) 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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Replying to: sathomps10 (Aug 02, 2007 6:58 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum P.S. "Your (sic) supposed to be intelligent." is a pretty funny.
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Replying to: Car_man (Aug 03, 2007 2:34 am) First, to the gentleman in South Florida. You lost all credibility when you said there are 8 Jeep dealers in your area, and all have plenty of them. This is just false information and therefore, makes me question the truth in your other comments. In any event, let me help you out. Residuals DO change depending on both mileage and term. For example, if your looking at a 36 month term, and want to compare 12k and 15 k, there is a residual hit for bumping the mileage. This is elementary knowledge, but in essence, the more miles on a vehcile, the less it's worth at the end of the term, and therfore, a lower residual. To respond to your 2nd comment, I will not tell you where I am from, and our numbers, because i will not break the forum rules, but we do not have a problem selling any Wrangler, point blank. What you do not know is, as soon as a Wrangler hits the ground, that is not already sold, that Wrangler gets shown 5 - 10 times until it does sell. So if you are not willing to pay what we want you to pay, then someone right behind you will be more than happy. Selling a HOT selling item OVER sticker is NOT wrong. Again, we hold the right to sell any product at what the market determines is a fair price. If demand is high, and a fair price determined by the puiblic is 8k over sticker, then so be it. Eventually, the market will adjust and the price will come down. Just because you want it now, and want it below invoice doesn't hold water in a free market. Either Pony up or wait. The choice is yours. Regarding Car-Man, I agree with you on some level, but I think you could be more clear on others. I think by giving payments, using the MF and residuals you use is truly giving these people fals hope. The bottom line kids is... you want a certain vehicle. If you want this vehicle, you then have to decide what your wiling to pay for it. No manufactuer or dealer can detemine this. Once you decide that, then you shop. If you can find it for your price, then congratulations. If not, do not come on some forum and compalin that a dealer is a money hungry sleeze ball trying to screw you over. he is tellign you what he wis willing to sell the vehcile for and if your not willing to pay for it, move on. That simple. Lastly, a dealer should show you the invoice and the residual for an employee. he however does NOT have to show you the MF and has all the right to charge you max rate. he also has the right to charge you a doc fee allowable by state law. If you do not like it, then move to a different state or find a different vehicle. This is built in profit just as other products at Wal Mart have a built in margin. Just car sales are more upfront about cost and profit. How would you feel knowing you paid 3,000% markup on a coke yet only 12% markeup on a car? Doesn't matter about cost, markeup is markeup. You seem to be the guy who loves to complain, but truly doesn't do intelligent research. The type of guy who complains about $3 a gallon for gas, but willing to spend $1 on 12oz botteld water who is truly paying between $6 - $8 a gallon (water). Doesn't make much sense does it?
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