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Prices Paid: Buying & Leasing Experiences Jeep Commander Lease Questions
196 messages, Last post on Aug 27, 2009 at 2:24 AM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: uffllaa (Feb 26, 2007 11:57 am) |
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Replying to: bamatide01 (Feb 26, 2007 11:44 am) I'm being offered a 39mo lease on a 2007 Commander Limited 4x4 (I live in Minnesota)... Following features: V8 Flexfuel Engine Automatic Transmission Regular Wheels Premium Sound Sirius Radio UConnect hands free Navagation system Dealer says MSRP of 41605 - I'll get 1% below list + $75 (Friends and Family purchase), so 38191, less todays rebate of 2500 for a purchase price of 35691... Residual = 21218.55, payments of 607.04/mo - includes MN sales tax and registration.
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Replying to: tiallen (Feb 27, 2007 10:22 am) How much up front cash (down payment, first payment, tax on down payment, etc.)? How many miles/year are you getting? The residual you quoted is about 51% of MSRP which is pretty fair on a 39mo lease. What is the money factor Chrysler is giving you? Assuming everything you've told me and assuming zero down payment then a lease payment of $609 would equal to a money factor of about .0032 or 7.68% APR(multiply by 2400 to get APR) which is a little high depending on your credit history. If you have decent credit I would try to shoot for a money factor of .0022 or 5.28% APR at highest. If you want the 39mo lease I would shoot for a payment of $550/mo with zero down. You will pay roughly $600 or so for first payment and whatever else they tack on up front. However, I would consider a 24 or 27mo lease because a 39mo lease is a long time and the car will likely be out of standard warranty towards the end of the lease. Most people who lease like to change cars every 2 years and keep a new car that is in warranty. Otherwise you would just finance. The difference in payments on a 39mo and 27mo lease are not that much. You will get a higher residual value and lower money factor. I can send you an easy little spreadhseet that I have developed that shows you how you calculate your payment based on all of the factors I've mentioned in this email. Just let me know if you would like it. Good luck!
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Replying to: uffllaa (Feb 25, 2007 1:26 pm) Car_man Host Prices Paid Forum |
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Replying to: uffllaa (Feb 26, 2007 10:17 am) Car_man Host Prices Paid Forum |
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Replying to: bamatide01 (Feb 27, 2007 12:29 pm) |
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I am looking at a 07 Commander Sport. I see that for a lease it gets $4000 total lease cash. Would I qualify for the $1500 bonus cash due to our current lease with Mercedes for a total of $5500?
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Replying to: brentkhack (Jun 03, 2007 2:29 pm) Car_man Host Prices Paid Forum
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Replying to: Car_man (Jun 18, 2007 2:54 am) (1) Do you think we'll qualify for the lease loyalty cash, even though we're not technically in a lease currently (since it's a smart buy), for total cash rebates of $5500? (2) Do you think that invoice (minus $5500) is a good/realistic price on a Commander Limited/Overland or is that too optimistic? (3) Do you have any idea what the current Chrysler money factor and residual value would be for a 36 month lease (in Texas) of a Commander Limited/Overland, 12,000 miles/yr, or if there is a way for me to figure out this info before going into negotiations? I'd also be very interested in seeing these figures for a Grand Cherokee Limited/Overland. Sorry for all the questions!
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