- #8 of 196
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Re: Jeep Commander: Lease Questions [kyfdx]
by hockeymom1
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Jan 30, 2006 (6:27 am)
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Replying to: kyfdx (Dec 09, 2005 4:20 am)
I am looking at leasing a 2006 Commander with 40,000 miles on it. How can I determine if I am getting the best deal on a used lease? The MSRP is 32310.00 and the sales price is 27799.00. I'm just not sure that is a fair price for a used vehicle (also driven by a smoker, which I am not).
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- #9 of 196
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jeep lease
by fire123
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Feb 03, 2006 (11:58 am)
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I am getting conflicting residual and money factor on Jeep Grand Cherokee Leases. I'm looking for a 2006 Jeep Grand Cherokee X package w/ bluetooth 12k/ 36 months. Just 1st months payment and ny dmv. I have received offers anywhere from 427 - 387.00. I think 375.00
MSRP-33,925
Neg price - 32,100
Discounts - 4,500
Adj. price - 27,600
Residual 52%
money factor - .00156 - Quoted 416 then dealer when to 400
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- #10 of 196
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Jeep Commander Lease Questions
by vogelgator
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Feb 06, 2006 (4:31 pm)
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We went to a dealer (in NY State) and received a lease quote of $509/month with $2,500 down for a Limited 4x4 Commander with 5.7 Hemi. It included a rear entertainment center, sirius radio and upgraded color to Inferno red with saddle brown leather. Everything else was pretty much standard in the Limited vehicle. The term of the lease was 27 months, 12k miles/year. I think he used a price of $40,840 to calculate the payment. What do you think? He didn't tell us of any discounts available from manufacturer, but I guess he could have built them in. What is the free gas all about? I saw it on a posting by someone. Thank you.
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- #11 of 196
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commander lease in ohio
by rdt
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Feb 15, 2006 (4:11 pm)
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car man thanks for helping all of us to understand leasing. here is the deal that has been offered for commander limited lease. msrp=39088, cap cost=32656, residual=23062(59%), money factor=.00186. no money out of pocket at signing. they state 511.54 plus tax for 27 months. also 12000 miles a year. my calculations ended up equaling 458 plus tax per month. am i wrong ? and does 59 percent residual seem low for 27 month lease? thanks for your help
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- #12 of 196
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Re: Jeep Commander: Lease Questions [hockeymom1]
by Car_man HOST
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Feb 15, 2006 (4:51 pm)
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Replying to: hockeymom1 (Jan 30, 2006 6:27 am)
Hi hockeymom1. Let me begin by saying that leases on used vehicles are often not as good a deal as one would initially think. That is because manufacturers provide lease support on new vehicles to encourage consumers to purchase their product, this sort of support is usually not available on leases of used vehicles. Compare how much it would cost you to lease an equivalent brand new Jeep Commander to the cost of leasing the used one that you are interested in. You may be surprised and the new Commander will end up being the better deal, especially once you take the mileage and smoking factors into account.
Car_man
Host
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- #13 of 196
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Re: jeep lease [fire123]
by Car_man HOST
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Feb 15, 2006 (4:53 pm)
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Replying to: fire123 (Feb 03, 2006 11:58 am)
Hi fire123. This would be a better question for the following discussion: "Jeep Grand Cherokee: Lease Questions". Please post it in that section of this forum and I'll be happy to answer any questions that you have. Thanks.
Car_man
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- #14 of 196
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Re: Jeep Commander Lease Questions [vogelgator]
by Car_man HOST
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Feb 15, 2006 (4:57 pm)
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Replying to: vogelgator (Feb 06, 2006 4:31 pm)
Greetings vogelgator. I would be more than happy to give you my opinion on the lease that you were quoted. However, in order for me to do so I need some additional information form you first. Specifically, I need to know this truck's full MSRP (with the destination charge added in) and if the price that you mentioned is indeed its actual selling price. Once I have this info, I'll let you know what I think. DaimlerChrysler is no longer running the "Miles of Freedom" promotion that provided free gas. Instead, in February it is providing $2,000 lease cash on the '06 Commander. Make sure to take this cash into account when negotiating this truck's capitalized cost.
Car_man
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- #15 of 196
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Re: commander lease in ohio [rdt]
by Car_man HOST
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Feb 15, 2006 (5:05 pm)
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Replying to: rdt (Feb 15, 2006 4:11 pm)
You're very welcome, rdt. The lease money factor and residual value that you were quoted to lease the truck that you are interested in appear to be in line with Chrysler Financial's current lease program for it. This is always a good thing. According to my calculations, if you were to lease a 2006 Jeep Commander with an MSRP of $39,088, an capitalized cost of $32,656, a money factor of .00186, and a residual value of 59% through Chrysler Financial right now for 27 months, your zero down, pre-tax monthly payment should be around $458.97. As you can see, your calculations are correct and something is up with the dealer's Perhaps they are rolling Chrysler Financial's $700 lease acquisition fee into your truck's capitalized cost. Even then though it would only increase the pre-tax payment for the aforementioned lease to around $486.20. I would want to know why the payment that the dealer came up with is so much higher if I was in your situation. Something does not add up.
Car_man
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- #16 of 196
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Re: commander lease in ohio [Car_man]
by rdt
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Feb 16, 2006 (8:51 pm)
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Replying to: Car_man (Feb 15, 2006 5:05 pm)
thanks for reply car man. i did check into the reason the lease is so much higher than 458.97. they told me that in that payment of 518, it was 511, is included a 700 lease acquisition fee + another 785 (for 1st mth payment 554.72, doc fee75.00, sales tax 90.30, title, license, and reg. fee of 65.00). total mthly payment with 7% tax = 554.72 for 27 mths 12000 miles a year. what do you think?
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- #17 of 196
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different dealer, better deal
by rdt
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Feb 19, 2006 (12:02 pm)
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car_man, check this lease out. 06 commander limited, 15000 miles a year. msrp of 39,100. 27 mths , 500 at signing, price per mth of 509 including tax. the numbers cap cost around 34500, money factor .00159, residual 23500. i cant figure out how it is 509 including 7% sales tax. seems cheaper than it should be. what do you think?
thanks for your advise
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