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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

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


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#156 of 196
Re: Lease Cash [Car_man] by dwws
Oct 13, 2007 (9:48 am)
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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)
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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.
#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
#160 of 196
Re: 08 Commander Residual values and Money factors [steeler86] by Car_man HOST
Nov 21, 2007 (3:16 am)
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Replying to: steeler86 (Oct 15, 2007 12:06 pm)

Welcome steeler86. Chrysler Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2008 Jeep Commander Limited 4WD with 12,000 miles per year are .00068 and 47%, respectively. The numbers for an otherwise identical 39 month lease are .00120 and 46%.
  
Chrysler Financial's current 36 month, 12,000 mile numbers for the '08 Commander Overland 4WD are .00008 and 44%. The numbers for an otherwise identical 39 month lease of this truck are .00064 and 43%.
  
When negotiating your lease on this truck, make sure to take the $3,000 lease cash that is currently available on it into account. It will help you to negotiate an attractive capitalized cost. Chrysler is providing an additional $500 to $1,000 bonus cash on top of this lease cash in certain regions.
 
Car_man
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Prices Paid: Buying & Leasing Experiences Forum
#161 of 196
Jeep Commander. by bldyi
Dec 17, 2007 (3:47 pm)
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Id like like to lease a Jeep Commander and would it be plausable to find one for $300-$350 a month. Starting Msrp for 2008 is 28,110. but I dont mind getting an '06. it should be less expensive? how is the best way to approach getting what i want if i had to negotiate?
#162 of 196
What's the best I can get? by juna
Jan 13, 2008 (10:00 am)
Reply
We're looking for an '08 or '07 Commander 4x4 with remote keyless entry, roof racks, and possibly remote start, 5-passenger. Don't really care about any other specific features. 12k miles/year. 24-39 month lease period (whatever gives us the best deal). Zero down (except what we have to put down -- tax, title, license, 1st month's pmt, etc.).
 
One of our grandmothers worked for Chrysler, so we can get some sort of a discount that way (not sure how much of a discount it is). With current rebates, it looks like there's a $3500 rebate plus $1500 bonus lease cash. We're in Detroit. We don't qualify for returning lessee discount.
 
What's the best I can do in terms of monthly payment? I understand the concept of residual value, but can someone explain the buy rate lease factor?
 
Basically, I want to be able to walk into the dealer and say, "If you can lease me a Commander 4x4 for $XXX, consider it done." If not, I'll walk out the door. I just am trying to figure out, based on all the info I listed above, what the $XXX should be.
 
Thanks for any help in advance! I truly appreciate your time and assistance. I've never owned a Chrysler and am new to this whole line of vehicles, but the rebates seem so good right now that we're giving them a hard look.
#163 of 196
Current numbers by mrj0001tj
Jan 22, 2008 (11:55 am)
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Does anyone know the current residual percentage and money factor for 2008 Commander Sport?
#164 of 196
Re: Jeep Commander. [bldyi] by Car_man HOST
Jan 25, 2008 (3:35 am)
Reply

Replying to: bldyi (Dec 17, 2007 3:47 pm)

Hi bldyi. You should be able to lease a Jeep Commander for the $300 to $350 per month that you are shooting for, but to hit that payment range you would probably have to go with a base model like a Commander Sport. If you want to lease you definitely should go with a 2008 model. Chrysler is not providing lease support on the 2007 or 2006 Commander any more. I would be happy to estimate what the lease payment should be like on the truck that you are interested in if you provide me with its MSRP and selling price.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum
#165 of 196
Re: What's the best I can get? [juna] by Car_man HOST
Jan 25, 2008 (3:46 am)
Reply

Replying to: juna (Jan 13, 2008 10:00 am)

Hi juna. I would be happy to work up a lease payment on the truck that you are interested in for you. Its exact payment will depend upon what its MSRP and selling price are. You never mentioned them so I will have to make some assumptions for now. I will assume that you are interested in a 2008 Jeep Commander Sport 4WD that has an MSRP of $30,805 and a dealer invoice price of $28,351. For now I will assume that you are able to lease this truck at dealer invoice minus the $3,500 lease cash and $1,500 bonus cash ($23,351). According to my calculations, your 36 month, 12,000 mile per year, zero down, pre-tax monthly payment for this truck would be around $280, which is a heck of a good deal.
 
Car_man
Host
Prices Paid: Buying & Leasing Experiences Forum

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