- #31 of 196
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Re: How do I calculate a Lease (Jeep Commander Limited 4 x 4) [asw1]
by Car_man HOST
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Apr 10, 2006 (1:39 am)
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Replying to: asw1 (Mar 20, 2006 3:37 pm)
Hi asw1. If you were to lease a 2006 Jeep Commander Limited 4WD through Chrysler Financial right now for 36 months with 12,000 miles per year, its buy rate lease money factor and residual value should be .00269 and 55%, respectively. When negotiating your lease on this truck, keep in mind that DaimlerChrysler is currently providing $2,000 lease cash plus an additional $1,000 bonus for deals through Chrysler Financial on it.
Car_man
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- #32 of 196
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Checking lease deal
by jaguar325
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May 20, 2006 (6:05 pm)
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Car Man, you're.. well.. the man! could you help me confirm a lease deal I was quoted today? With options, the MSRP is $43,445 and the EP price quoted was $35,976. They said this included the $2,500 rebate which I would get if I lease but not get if I go with 0% financing. Before I get into the nitty gritty detail on comparing those two options, I want to make sure I am getting the best lease deal possible. The monthly rate quoted was $568 for a 39-month, 15K miles/year lease where I would have to pay $1,133 as a "first payment". Does this sound aggressive to you or should there be more room in the rate? (I am not exactly sure how to calculate the money rate).
Thanks!
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- #33 of 196
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Re: Checking lease deal [jaguar325]
by Car_man HOST
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May 30, 2006 (2:20 am)
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Replying to: jaguar325 (May 20, 2006 6:05 pm)
Thanks jaguar325 . Let's work up a lease payment on this truck using Chrysler Financial's actual lease program and see what we come up with. According to my calculations, if you were to lease a 2006 Jeep Commander non-Limited 4WD (this is an assumption, let me know if you want a different truck because it will make a difference) with an MSRP of $43,445 and a selling price of $35,976 through Chrysler Financial right now for 39 months with 15,000 miles per year, your zero down, pre-tax monthly payment should be around $468. This is a lot lower than the payment that you were quoted. I assume that your payment includes sales tax. This would make up for some, but not all of the difference. Perhaps the dealer that you are working with is marking up your truck's money factor. Make sure that Chrysler Financial's buy rate money factor of .00159 is being used to calculate your truck's lease payment.
Car_man
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- #34 of 196
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Re: Checking lease deal [Car_man]
by jaguar325
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May 30, 2006 (12:15 pm)
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Replying to: Car_man (May 30, 2006 2:20 am)
Thanks for your reply. This was, in fact, a Limited. Yes, it did include state sales tax (6.5% on the entire car). The amount out of pocket was estmated to be about $1,000.
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- #35 of 196
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Where to start?
by tdenton1138
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Jun 08, 2006 (1:08 pm)
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Hey Car Man! Long time lurker here... second time lessee. The first time I knew nothing and don't think I did very well. I've now read "10 Steps to Leasing..." and played with the Calculator and still find myself feeling unsure of how to proceed. I picked up my last car - Ford Expedition - via Cars Direct at a very good price out of Las Vegas, but think I got ripped on the lease. Now I am looking again at Cars Direct for getting the car, but think I may have a hard time negotiating lease terms assuming the car turns out to be in another town or state.
2006 Commander Limited, 4x4, 5.7 Hemi and tow package. MSRP $40,850. Cars Direct target price $35,781 after $2,500 rebate. Local dealer offered the car to me at $37,425 and a 36 mo lease, 15k/yr for around $720/mo. Plus a first payment/registration fee. I said, "Say what?"
Update: Just got a call back from the local dealer who quoted me $36,244 now... waiting now for lease info update.
I guess I'm not even sure what advice to ask for at this point, but I need to make something happen in the next 10 days or so and would look to you for any guidance you might be able to give.
Thanks for any input you can give me!
Tad
UPDATE:
MSRP $40,925
27 mo lease 15k/yr: CAP $36,244. Money factor .00230. Residual 58% + $700 acquisition fee. $640.30/mo + tax. The calculator on this site says it should be $603.21 + tax w/ $650 security deposit(?)
36 mo lease 15k/yr: CAP $36,244. Money factor .00230. Residual 51% + $700 acquisition fee. $586.67/mo + tax. The calculator now tells me $562.63 + tax w/$600 security deposit.
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- #36 of 196
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dealer's trick on super-low leasing deals?
by arthurking
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Jun 13, 2006 (8:32 pm)
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Some of my local dealers constantly advertised leasing deals on 2006 Commander 4X4 at $129-159 monthly payment with zero down for a 27-month term. Obviously it is too good to be true. Are these just their tricks to lure you to visit their stores?
By the way, for a base style of 2006 Jeep Commander 4WD, what kind of deals can be considered as good?
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- #37 of 196
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Re: dealer's trick on super-low leasing deals? [arthurking]
by flightnurse
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Jun 17, 2006 (4:01 pm)
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Replying to: arthurking (Jun 13, 2006 8:32 pm)
NO trick, the down payment + fee's and 1st month payment would be around 5-6K.... Remember, the down payment helps lower your payments.
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- #38 of 196
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Re: Checking lease deal [jaguar325]
by Car_man HOST
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Jun 18, 2006 (9:34 am)
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Replying to: jaguar325 (May 30, 2006 12:15 pm)
You're very welcome, jaguar325.
Car_man
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- #39 of 196
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Re: Where to start? [tdenton1138]
by Car_man HOST
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Jun 18, 2006 (9:39 am)
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Replying to: tdenton1138 (Jun 08, 2006 1:08 pm)
Wow, tdenton1138, $720 a month to lease a Jeep. YIKES . The money factor that you were quoted to lease this truck is too high. Chrysler Financial's current buy rate lease money factor for a 30 month lease of an '06 Jeep Commander Limited 4WD is only .00150. Using its current base lease program, an MSRP of $40,925, and a selling price of $36,244, I estimate that its 30 month, 15,000 mile per year, zero down, pre-tax monthly payment should be around $559. The payment for an otherwise identical 36 month lease (money factor: .00150 / residual: 50%) should be $524. Make sure that this truck's payments are more in line with the numbers that I came up with.
Car_man
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- #40 of 196
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Re: dealer's trick on super-low leasing deals? [arthurking]
by Car_man HOST
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Jun 19, 2006 (1:26 am)
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Replying to: arthurking (Jun 13, 2006 8:32 pm)
Hi arthurking. Most dealers advertise monthly payments that are as low as possible to lure customers into their showrooms. Take a look at the fine print for the $150 a month payment that you saw. It most likely either assumes that you qualify for some sort of obscure incentives like a $500 bonus for recent college grads plus a $500 military bonus plus etc... or make a huge down payment. The truth about unbelievably low advertised payments is usually in the fine print.
Car_man
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