- #11 of 196
-
commander lease in ohio
by rdt
-
Feb 15, 2006 (4:11 pm)
-
|
|
car man thanks for helping all of us to understand leasing. here is the deal that has been offered for commander limited lease. msrp=39088, cap cost=32656, residual=23062(59%), money factor=.00186. no money out of pocket at signing. they state 511.54 plus tax for 27 months. also 12000 miles a year. my calculations ended up equaling 458 plus tax per month. am i wrong ? and does 59 percent residual seem low for 27 month lease? thanks for your help
|
- #12 of 196
-
Re: Jeep Commander: Lease Questions [hockeymom1]
by Car_man HOST
-
Feb 15, 2006 (4:51 pm)
-
|
|
Replying to: hockeymom1 (Jan 30, 2006 6:27 am)
Hi hockeymom1. Let me begin by saying that leases on used vehicles are often not as good a deal as one would initially think. That is because manufacturers provide lease support on new vehicles to encourage consumers to purchase their product, this sort of support is usually not available on leases of used vehicles. Compare how much it would cost you to lease an equivalent brand new Jeep Commander to the cost of leasing the used one that you are interested in. You may be surprised and the new Commander will end up being the better deal, especially once you take the mileage and smoking factors into account.
Car_man
Host
Smart Shopper / Prices Paid Forums
|
- #13 of 196
-
Re: jeep lease [fire123]
by Car_man HOST
-
Feb 15, 2006 (4:53 pm)
-
|
|
Replying to: fire123 (Feb 03, 2006 11:58 am)
Hi fire123. This would be a better question for the following discussion: "Jeep Grand Cherokee: Lease Questions". Please post it in that section of this forum and I'll be happy to answer any questions that you have. Thanks.
Car_man
Host
Smart Shopper / Prices Paid Forums
|
- #14 of 196
-
Re: Jeep Commander Lease Questions [vogelgator]
by Car_man HOST
-
Feb 15, 2006 (4:57 pm)
-
|
|
Replying to: vogelgator (Feb 06, 2006 4:31 pm)
Greetings vogelgator. I would be more than happy to give you my opinion on the lease that you were quoted. However, in order for me to do so I need some additional information form you first. Specifically, I need to know this truck's full MSRP (with the destination charge added in) and if the price that you mentioned is indeed its actual selling price. Once I have this info, I'll let you know what I think. DaimlerChrysler is no longer running the "Miles of Freedom" promotion that provided free gas. Instead, in February it is providing $2,000 lease cash on the '06 Commander. Make sure to take this cash into account when negotiating this truck's capitalized cost.
Car_man
Host
Smart Shopper / Prices Paid Forums
|
- #15 of 196
-
Re: commander lease in ohio [rdt]
by Car_man HOST
-
Feb 15, 2006 (5:05 pm)
-
|
|
Replying to: rdt (Feb 15, 2006 4:11 pm)
You're very welcome, rdt. The lease money factor and residual value that you were quoted to lease the truck that you are interested in appear to be in line with Chrysler Financial's current lease program for it. This is always a good thing. According to my calculations, if you were to lease a 2006 Jeep Commander with an MSRP of $39,088, an capitalized cost of $32,656, a money factor of .00186, and a residual value of 59% through Chrysler Financial right now for 27 months, your zero down, pre-tax monthly payment should be around $458.97. As you can see, your calculations are correct and something is up with the dealer's Perhaps they are rolling Chrysler Financial's $700 lease acquisition fee into your truck's capitalized cost. Even then though it would only increase the pre-tax payment for the aforementioned lease to around $486.20. I would want to know why the payment that the dealer came up with is so much higher if I was in your situation. Something does not add up.
Car_man
Host
Smart Shopper / Prices Paid Forums
|
- #16 of 196
-
Re: commander lease in ohio [Car_man]
by rdt
-
Feb 16, 2006 (8:51 pm)
-
|
|
Replying to: Car_man (Feb 15, 2006 5:05 pm)
thanks for reply car man. i did check into the reason the lease is so much higher than 458.97. they told me that in that payment of 518, it was 511, is included a 700 lease acquisition fee + another 785 (for 1st mth payment 554.72, doc fee75.00, sales tax 90.30, title, license, and reg. fee of 65.00). total mthly payment with 7% tax = 554.72 for 27 mths 12000 miles a year. what do you think?
|
- #17 of 196
-
different dealer, better deal
by rdt
-
Feb 19, 2006 (12:02 pm)
-
|
car_man, check this lease out. 06 commander limited, 15000 miles a year. msrp of 39,100. 27 mths , 500 at signing, price per mth of 509 including tax. the numbers cap cost around 34500, money factor .00159, residual 23500. i cant figure out how it is 509 including 7% sales tax. seems cheaper than it should be. what do you think?
thanks for your advise
|
- #18 of 196
-
How do I calculate a Lease (Jeep Commander Limited 4 x 4)
by misheil
-
Feb 26, 2006 (5:53 am)
-
|
|
Car man: HELPPPP!!! This is what Jeep is offering via lease. I have tried to use the lease calculator and CANNOT come up with the same monthly payment. They gave me 2 options 27 month lease versus 36 month lease. Residual for 27 month is $25,300 and 36 month is $22,800. $2,500 down for either options. He said my monthly payment for either option is $499/month. The $499 included taxes, title, and registration for 4 years. Since I didn't understand how leasing works, I did not ask what MSRP price was for a lease. (I was also negotiating a purchase option just to see which option lease or purchase was better. The negotiated purchase price was at $38,500 - includes quadra drive/tow package/off road package/navigational option). Anyways, I went into the lease calculator and I can't seem to come up with the $499/month price. Could you please help me understand how to calculate the costs? I don't know to take into account the money factor. What is that???? I need to understand the process in order to do quick calculations while I am at the dealer on Monday. If you could help me out that would be so wonderful. Dealer is in NJ - In Summit. Thanks much in advance for your help.
|
- #19 of 196
-
Re: commander lease in ohio [rdt]
by Car_man HOST
-
Mar 15, 2006 (2:57 am)
-
|
|
Replying to: rdt (Feb 16, 2006 8:51 pm)
You're welcome, rdt. The fact that you are rolling all of those fees into your truck's capitalized cost and that its lease payment includes tax certainly makes up for a lot of the difference in payments. I still think that the payment that the dealer quoted you is a little on the high side.
Car_man
Host
Smart Shopper / Prices Paid Forums
|
- #20 of 196
-
Re: different dealer, better deal [rdt]
by Car_man HOST
-
Mar 15, 2006 (3:07 am)
-
|
|
Replying to: rdt (Feb 19, 2006 12:02 pm)
Hey rdt. DaimlerChrysler Financial's current buy rate lease money factor and residual value for a 24 month, 15,000 mile per year lease of a 2006 Commander Limited 4WD are .00136 and 60%, respectively (I have not seen its 27 month lease program). Using these numbers, an MSRP of $39,100, and a selling price of $34,500, I estimate that this truck should have a zero down, pre-tax monthly payment of around $539. As you can see, the payment that you were quoted looks pretty good.
Car_man
Host
Smart Shopper / Prices Paid Forums
|
![[F]](http://a332.g.akamai.net/f/332/936/12h/www.edmunds.com/media/townhall/webxicons/site.gif){kind=small}
Forums
Prices Paid: Buying & Leasing Experiences 
