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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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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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Replying to: ifiv111e (Jun 19, 2007 10:55 am) Dealer invoice minus all of the available cash incentives is a great target price to shoot for, though you may end up having to come up a couple hundred dollars from there. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2007 Jeep Commander Limited 2WD with 12,000 miles per year are .00203 and 47%, respectively. The numbers for an otherwise identical lease of an '07 Commander Overland 2WD are .00203 and 42%. Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Jul 27, 2007 3:10 am) I am interested in possibly leasing a 2007 Jeep Commander Limited or Overland. I am located in NJ and I have located 2 trucks that meet my criteria. One is an Overland with an MSRP of $46,215. The other is a Limited with an MSRP of $44,630. I want a 2007 in order to take advantage of the $4500 incentive and the $2000 lease loyalty incentive (I lease a Wrangler Unlimited). What do you think I ought to shoot for as a reasonable selling price, before applying the incentives? Can I possibly get these trucks for below invoice (again, before factoring in the $6500 incentives)? I would prefer to put no money down, but I really want to keep my monthly payment as absolutely low as possible. I will, without a doubt, be trading the truck in at the end of the lease, possibly for a new Commander if I have a good experience with it. Any help you can provide would be most appreciated. Once I have a target selling price to shoot for, I will see what these dealers can do for me on a lease and then, if you don't mind, I'd like to run the numbers by you (I have 3 little kids and I cannot afford to lose any money because I get snookered by some fast-talking salesperson!) Thanks a lot, David in NJ |
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Replying to: dwws (Sep 07, 2007 12:13 pm) Here's a little update & a question: the Commander Limited, whose MSRP is $44,630 (straight off the window sticker) has an Invoice Price of $40,786 according to Edmunds.com. The dealer is telling me that the Invoice Price is $41,787 and that Edmunds is wrong. This strikes me as unlikely because the Base MSRP for the truck is the same from both the Window Sticker and Edmunds and the MSRP with options is the same on both the Window Sticker and Edmunds.com. I suspect I'm being fibbed to and I want to know if there is any way to prove it. This particular Commander Limited is apparently the owner's demo with 5,000 miles on it. The selling price is $$38,987 before any incentices. With the $6500 worth of rebates that I qualify for, the selling price is $32,487. I am being quoted the following lease deal: Cap Cost W/incentives: $32,487 Term: 27 Months Mileage: 12,000 Residual: 50% (2% deducted due to it being a Demo; Chrysler policy?) Money Factor: .00139 Due at Signing: $1,000 (1st month,doc. fee, title fee, part of bank fee) Monthly Payment: $526.75 I could be totally off the mark, but that sounds rather high to me and I cannot figure out why. Someone, anyone, please help me. Is anyone there? ***ANYONE***?!?!?? Buhler......? Buhle...........? David in NJ |
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Replying to: dwws (Sep 07, 2007 12:13 pm) Car_man Host Prices Paid: Buying & Leasing Experiences Forum
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Replying to: Car_man (Oct 10, 2007 2:24 am) Thanks for the info. I have a slightly different scenario now. I am going to get out of my 2007 Jepp Wrangler Unlimited Lease, which is almost brand new. My payments are $349 per month. I am "upside down" on this lease, but the car is just to small for my family & me. I have been talking to a dealer and here is what I've got so far: 2008 Jeep Commander Limited MSRP: $42,855 Invoice: $39,900 (Edmunds.com says invoice should be $39,001) Selling Price: $42,204 Incentives: $1,500 from Chrysler Holdback: $1,000 applied by dealer toward purchase/lease MYGIG Discount: $792 credit toward purchase for free MYGIG Down Payment: $1,000 Residual: 48% ($20,570.40) Money Factor: .000840 (2%) Wrangler Cost: $3,221.22 (added to selling price to get out of lease) Term: 39 months Miles-per-Year: 10,000 Now, here is my question: My Lease Calculator is telling me that I ought to be paying $579.10/ per month. The dealer is quoting me $619/per month He is telling me that I am not taking into account things like a $700 bank fee and various "Inception Costs" like taxes, etc. i feel as if I might be getting ripped-off, but I cannot tell. PLEASE HELP! I have put down $1,000 (fully refundable) and i am supposed to go back on Monday, October 15th to discuss these "discrepancies". Any advice or counsel before then would be greatly appreciated! Thanks, David in NJ
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My wife and I are planning on getting a 2008 Jeep Commander or Grand Cherokee when our current GC lease is up. In the Grand Cherokee forums someone posted that the current GC numbers are as follows. 36 months....12,000 miles = 46% at a money factor of .00002 39 months....12,000 miles = 45% at a money factor of .00028 My question is, Are these numbers the same for a Commander Limited (or Overland)? And if not can someone provide me with the current Commander offers? Thanks of any help you can provide.
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Replying to: dwws (Oct 13, 2007 9:48 am) Car_man Host Prices Paid: Buying & Leasing Experiences Forum |
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