Sign In Join 



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

What is this discussion about? Jeep Commander, Jeep Commander SRT-8, Jeep Grand Cherokee, Car Leasing, Truck, Wagon, SUV


Messages Page 16 of 20
1
...
13
14
15
16
17
18
19
20
Prev
Next
Last
Go To Msg #
Search This Discussion

#149 of 196
Lease Cash by brentkhack
Jun 03, 2007 (2:29 pm)
Reply
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?
#150 of 196
Re: Lease Cash [brentkhack] by Car_man HOST
Jun 18, 2007 (2:54 am)
Reply

Replying to: brentkhack (Jun 03, 2007 2:29 pm)

Hi brentkhack. DaimlerChrysler is currently providing $3,500 lease cash plus an additional $500 bonus cash ($4,000 total) on the 2007 Jeep Commander Sport. There is also another $1,000 lease loyalty cash on this model for current Chrysler Financial lessees, but I do not believe that this cash is available to current Mercedes-Benz owners or lessees.
 
Car_man
Host
Prices Paid Forum
#151 of 196
Re: Lease Cash [Car_man] by ifiv111e
Jun 19, 2007 (10:55 am)
Reply

Replying to: Car_man (Jun 18, 2007 2:54 am)

Hi Car_man. We currently have a Jeep that is a few months from the end of the term of our "smart buy" (I'm not really sure that is the correct term) with Chrysler Financial, i.e., nearing the time that we either make the balloon payment or turn it in like you would at the end of a lease. We are thinking about leasing a new Commander Limited or Overland. A few questions:
 
(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!
#152 of 196
Re: Lease Cash [ifiv111e] by Car_man HOST
Jul 27, 2007 (3:10 am)
Reply

Replying to: ifiv111e (Jun 19, 2007 10:55 am)

Hi ifiv111e. I think that there is a very good chance that you will qualify for the $1,000 lease loyalty cash that DaimlerChrysler is currently providing on the Jeep Commander even though you currently have a balloon note through Chrysler Financial.
 
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
#153 of 196
Re: Lease Cash [Car_man] by dwws
Sep 07, 2007 (12:13 pm)
Reply

Replying to: Car_man (Jul 27, 2007 3:10 am)

Hi Car Man:
 
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
#154 of 196
Re: Lease Cash [dwws] by dwws
Sep 16, 2007 (4:59 am)
Reply

Replying to: dwws (Sep 07, 2007 12:13 pm)

Hi again:
 
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
#155 of 196
Re: Lease Cash [dwws] by Car_man HOST
Oct 10, 2007 (2:24 am)
Reply

Replying to: dwws (Sep 07, 2007 12:13 pm)

Hi David. If I was in the market for a leftover 2007 Jeep Commander, I personally would shoot for a selling price of around dealer invoice (the real invoice price that is listed here at Edmunds.com, not one that the dealer makes up) before the deduction of any available cash incentives. Normally I would have said $500 or so over invoice, but Chrysler is running a volume based dealer cash program for its dealers that should make dealer invoice doable. So, you're looking at a capitalized cost of around $6,500 under invoice after then $4,500 lease cash and $2,000 lease loyalty cash are taken into account.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#156 of 196
Re: Lease Cash [Car_man] by dwws
Oct 13, 2007 (9:48 am)
Reply

Replying to: Car_man (Oct 10, 2007 2:24 am)

Hi CarMan:
 
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
#157 of 196
08 Commander Residual values and Money factors by steeler86
Oct 15, 2007 (12:06 pm)
Reply
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.
#158 of 196
Re: Lease Cash [dwws] by Car_man HOST
Nov 21, 2007 (2:33 am)
Reply

Replying to: dwws (Oct 13, 2007 9:48 am)

You're welcome, David. Getting out of a lease well before its scheduled end date is usually not a very good idea, but if you and your family just cannot deal with having a smaller truck for the next couple of years then I guess that's what has to be done. As far as the Commander lease that you are interested in goes, I personally think that the selling price that the dealer is trying to charge you is too high. If you are in an area that has a decent level of competition, I would not be surprised if you were able to get one for $500 over dealer invoice (the one that is available here at Edmunds.com, not the inflated one that the dealer showed you).
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

Messages Page 16 of 20
1
...
13
14
15
16
17
18
19
20
Prev
Next
Last
Go To Msg #
Search This Discussion
To POST a message, please Sign In.

New? Join Now!

Forum Tools

Please sign in.
Email Address:

Password:

Forgot Password?

Search Forums

Enter Keyword(s)

Advanced Search

Browse by Vehicle



View All Vehicles
Advertisement
Ask the Community
See What People Are Asking

Browse by Board

Browse by Topic


View All Topics

Today's Chats

Advertisement